An interesting piece of research on CSR and China.
Only responsible businesses can fight against the crisis and contribute to curbing its further spread, emphasized Mr. Serge Abou, ambassador of the European Commission Delegation to China, at the Fourth International Corporate Social Responsibility (CSR) Forum in Beijing, China.org.cn reports.
In fact, CSR has a close relationship with the crisis and the recovery of world's economy. The 2008 China CSR Practice Benchmark Report conducted by China WTO Tribune and GoldenBee Development Center for Chinese CSR indicated that more than 80 percent of 352 companies investigated agreed that to some extent ignorance of companies' social responsibility had caused and had exacerbated the financial crisis.
According to the survey, about 72 percent of companies believe that full implementation of CSR would ease the negative impact of the crisis and accelerate economic recovery.
