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SASAC and UN Global Compact Jointly Hold CEO Roundtable

Updated: 2019-03-28

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The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and the United Nations Global Compact jointly hold a CEO Roundtable on March 25. [Photo/sasac.gov.cn]

The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and the United Nations Global Compact jointly held a CEO Roundtable on March 25.

The conference, themed on "Responsible Business for the Belt and Road Initiative, Win-win Cooperation for Sustainable Development", was intended to provide attendees an opportunity to discuss ways to fulfil social responsibilities and explore sustainable development.

Xiao Yaqing, Chairman of SASAC, and Lise Kingo, CEO & Executive Director of the UN Global Compact, attended and addressed the event.

The conference was chaired by Ren Hongbin, Vice Chairman of SASAC. More than 40 Chinese and foreign business leaders and representatives of international organizations in China attended.

Xiao pointed out in his speech that President Xi Jinping has stressed repeatedly that the Chinese government will continuously stick to the UN 2030 Agenda for Sustainable Development and will promote higher quality, more efficient, fairer and more sustainable development in China.

He said that SASAC will follow President Xi's instructions and will encourage Chinese central SOEs to fulfill their social responsibilities and set models of law-based operation while being honest and trustworthy. They will protect the environment, save resources, and put people at the center and establish models for harmonious enterprises.

Xiao also mentioned that Chinese central SOEs have been supporting the Belt and Road Initiative, obeying laws and business regulations of the country where they are doing businesses while promoting localized development and environmental protection and contributing to local employment. They have realized harmonious relationships with local residents, and gained affirmation from the international community and related countries.

He said the central SOEs are committed to the principle of sustainable development, and will increase cooperation with global enterprises in this field and work together to bring vitality and vigor to countries involved in the Belt and Road Initiative.

Kingo said in her address that the principles of the Belt and Road Initiative, namely, consultation, co-building and shared benefits, share the same implication with the ten principles of the UN Global Compact which pertain to human rights, labor, the environment and anti-corruption.

She mentioned that she hopes the conference will be a chance for enterprises to deepen cooperation and promote sustainable development to support the Belt and Road Initiative.

During the discussion, business leaders agreed that enterprises should not only exercise their business capacity and pursue reasonable profits, but should also be promoters of civilization's progress through practicing the sustainable development principle and maximizing the value inherent in the economy, society and the environment.

Before the conference, Xiao also met with Richard Edelman, President and CEO of Edelman, and Kingo to share views on promoting sustainable development of enterprises.



(Executive editor: Hao Wen)

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