Materiality Analysis of CSR Reports by CSI 100 Components
released in Beijing
Nearly 90% of CSI 100 components have CSR reports
State-owned enterprises and financial companies account for the majority of reports
Over 70% of CSR reports fail to be qualified in terms of materiality
(July 28th, 2017, Beijing) On July 28th, CSR consulting firm SynTao released its recent research on materiality analysis of CSR reports by China Securities Index 100 (CSI 100) components. It is the first research of its kind domestically.
Since 2002, the number of CSR reports released by CSI 100 component stocks has gradually increased. In 2009, the number shot up, which is in line with the long-term observation of domestic CSR reporting by SynTao. Policy guidelines to enforce/encourage CSR reporting issued by the State-owned Assets Supervision and Administration Commission (SASAC) as well as Shanghai and Shenzhen Stock exchanges contributed to that great leap. By the end of 2016, nearly 90% of CSI 100 components had published CSR reports.
The research chose CSI 100 components updated in December 2016 as sample and used Material and Quantitative Indicators (MQI) Guidelines of different sectors developed by SynTao to evaluate 85 CSR reports included in this research.
The research found that,
The research also found that CSI 100 components tend to disclose indicators that are positive and closely related to their business; however, they are less willing to disclose indicators with negative implications.
Based on the findings above, the research suggests that Chinese listed companies:
To realize the goals above, companies shall establish data-collecting system that blends into its day-to-day business operation, improve data collection procedures and make better use of the data collected to facilitate information disclosure and CSR management.
For complete report, please click here (only Chinese Version)
Contact: Quqing Huang
Tel: 010-58699466 ext. 8032
SynTao Co., Ltd. is a leading Beijing-based consultancy promoting sustainability and responsibility in the Asian region. We focus on consulting, education and investment in Corporate Social Responsibility (CSR).
About MQI Guidelines
“Material and Quantitative Indicators Guidelines for CSR Report” (MQI Guidelines) offers material and quantitative indicator system for different sectors in terms of information disclosure in CSR reporting, with the aim of helping companies in different sectors to identify material topics in CSR reports, promoting the disclosure of material and quantitative information in reports, and helping stakeholders with evaluation and application of the reports.
About MQI database
MQI database (www.mqi.org.cn) collects corporate social responsibility reports released in China. The disclosure rate of these collected reports is regularly evaluated using MQI Guidelines. The results of the analysis are open for public inquiries. MQI database is an open platform, we welcome cooperation and suggestion from corporations, academic institutions, governments and other stakeholders to jointly promote the development of CSR reporting.