Foreign firms in China release CSR reports

Fifty-three foreign enterprises in Shanghai collectively released for the first time their corporate social responsibility reports on Aug 12.

An enterprise's commitment and performance to fulfill its CSR is a new benchmark included in the evaluation system for Shanghai authorities to examine a foreign enterprise's comprehensive performance and contribution to the development of the city, according to Shanghai Municipal Commission of Commerce.

The collective release of the CSR reports shows foreign enterprises have been attaching more importance to the China market, said Liu Jinping, head of Shanghai Association of Enterprises with Foreign Investment.