Africa -China Review Africa -China Cooperation and Transformation
Published: November 27,2023
By Marion Gachuhi
Daniel O’Malley, Head of Regional Delegation of the International Committee of the Red Cross (ICRC) in Nairobi during the China-Africa Sustainable Investment summit.
The Corporate Social Responsibility report of Chinese Business in Africa 2023 was officially launched and released to the international community during the three day China-Africa Sustainable Investment Summit, that was held in Nairobi, Kenya.
This is the first research report of China that pays attention to the current situation of the fulfilment of social responsibilities by Chinese enterprises in Africa.
The Alliance of Chinese Business in Africa for Social Responsibilities compiled the report which aims to provide the international community with data into local operations.
“The China Corporate Social Responsibility Alliance in Africa is an important institutional working organisation for Africa that was personally initiated, announced and promoted by Chinese President Xi Jinping. A sustainable development platform for non-enterprises to achieve industrial cooperation, social responsibility and achievement sharing,” the Alliance of Chinese Business in Africa for Social Responsibilities Executive Chairman Diao Chunhe said during the launch.
Dr. John WU, Director General of Finance Center for South-South Cooperation (FCSSC) (left) and Mr. Diao Chunhe，Executive Chairman，Alliance of Chinese Business in Africa for Social Responsibilities (right) after signing of the Corporate Social Responsibility report of Chinese Business in Africa 2023.
The Director General of Finance Center for South-South Cooperation (FCSSC) Dr John Wu said that investors are paying more attention to social, environmental and governance impact when making their investment strategies.
“More and more investors intentionally contribute to positive social and environmental impact through investment, alongside a financial return. Investment grows fast in renewable energy, green technology and low carbon,” he said.
Investors and stakeholders in attendance of the China-Africa Sustainable Investment summit in Nairobi, Kenya
The report shows that Chinese enterprises have achieved remarkable results in fulfilling social responsibilities in Africa, touching on promoting local employment, conscientiously abiding by local laws and international rules, as well as paying attention to the improvement of employee values.
“A large number of information and communication projects have been launched to help African countries develop digital industries, narrow the digital divide, embrace the digital age, and achieve sustainable development,” Wang Tao, Deputy Secretary-General of the China Association of Communication Enterprises said.
