Oxfam Hong Kong has released its second Corporate Social Responsibility (CSR) Survey on 42 Hang Seng Index (HSI) Constituent Companies. Hong Kong’s largest and most liquid listed companies are scoring high marks on engaging stakeholders and are increasingly aware of the importance of CSR strategy and reporting. Still, a majority of them have failed to embrace CSR in its totality. The blue chip companies are weakest in incorporating CSR policies and monitoring systems into their supply chains, adopting specific targets to reduce negative impacts of their operations on the environment, and contributing to long-term community investment strategy (beyond charity donations).
The HSI or Blue Chip companies were rated in six areas:
1. CSR strategy and reporting
2. Stakeholder engagement
3. Workplace
4. Environment performance
5. Supply chain
6. Community investment
They were ranked into three groups:
Leaders: 60-100 points (29%)
Mainstream: 40-59 points (45%)
Laggards: below 40 points (26%)
| At A Glance | |
| Publish an independent CSR Report | 57% |
| Use Global Reporting Initiative | 40% |
| Set environmental targets | 43% |
| Offer paternity leave | 55% |
| Code of Conduct with suppliers | 69% |
| Community investment aligned with national or Millennium Development Goals | 19% |
| System to measure impact of Community investments | 29% |
| Rank | Name of Company | Total Score % | Rank | Name of Company | Total Score % |
| 1 | HSBC | 80% | 21 | China Construction Bank | 48% |
| 2 | CLP | 77% | 23 | Ping An | 47% |
| 3 | China Mobile | 76% | 24 | China Unicom | 46% |
| 4 | Cathay Pacific | 74% | 25 | Bank of East Asia | 45% |
| 5 | MTR Corp | 71% | 26 | Bank of China (Hong Kong) | 44% |
| 6 | Hong Kong and China Gas | 69% | 27 | China Resources Power | 43% |
| 6 | Foxconn | 69% | 27 | Hang Lung | 43% |
| 8 | Swire Pacific | 67% | 29 | PetroChina | 42% |
| 9 | Hang Seng Bank | 66% | 30 | ICBC | 41% |
| 10 | HK Exchanges & Clearing | 63% | 31 | Bank of China | 40% |
| 10 | Sun Hung Kai | 63% | 32 | CNOOC | 38% |
| 12 | Li & Fung | 61% | 33 | China Overseas | 33% |
| 13 | HK Electric | 56% | 33 | China Merchants | 33% |
| 14 | Tencent | 56% | 35 | Bank of Communications | 31% |
| 15 | Sino Land | 53% | 35 | China Life Insurance | 31% |
| 16 | New World Development | 52% | 37 | Aluminium Corp of China | 30% |
| 17 | China Resources Enterprise | 51% | 38 | Hutchison Whampoa | 29% |
| 17 | Esprit | 51% | 39 | CITIC Pacific | 25% |
| 17 | China Shenhua | 51% | 40 | Wharf Holdings | 20% |
| 17 | Henderson Land Development | 51% | 41 | Cheung Kong Holdings | 16% |
| 21 | Sinopec | 48% | 42 | COSCO Pacific | 13% |
Download the report in PDF (1.87MB)
Oxfam Hong Kong and CSR
Oxfam Hong Kong believes that when the private sector adopts policies and practices on Corporate Social Responsibility (CSR) in its operations, it helps translate the positive aspects of its business activities, such as economic growth, fair labour practices and good environmental protection, into development that favors poor people. All of this is in line with Oxfam Hong Kong’s vision of alleviating poverty. Oxfam Hong Kong’s goal is to influence companies to improve their policies and practices and avoid harming people and the environment. Through CSR, Oxfam Hong Kong also aims to promote ethical consumption decisions and investment choices.