by Wang Xiaotong

 

BEIJING, Dec 4 (China Economic Net) - A report titled "20 Case Examples for 20 Years: Private Sector's Sustainable Development in China" was released on Nov. 30 in the office building of the United Nations in China. Twenty Chinese companies as UN Global Compact participants made a live roadshow, highlighting the continuous efforts by China towards sustainability over years.

 

 

“In the last decade, China has become the world’s largest investor in renewable energy, with more than $100 billion invested annually, bringing about mutual benefits. Over 800 million people have been lifted out of extreme poverty in China since the 1980s, a feat largely driven by growth and innovation,” Siddharth Chatterjee, UN Resident Coordinator in China remarked, adding “leveraging this transformative impact offers potential lessons for other nations, especially those in the Global South, seeking to reach sustainable development. As Chinese enterprises expand their global footprint, some also share their expertise, technology, and resources to drive positive change worldwide.”

 

“Over the past two decades, China has experienced unprecedented economic growth, lifting hundreds of millions of people out of poverty and becoming a major force in the global economy. Chinese companies across a wide range of industries have recognized the importance of integrating sustainability into their core business strategies and have demonstrated that economic success and environmental protection can indeed go hand in hand,” said Jon Garibaldi, Provost, University of Nottingham Ningbo China, knowledge partner with UN Global Compact Liaison Office in China.

 

The twenty companies included in the report are Tingyi Holding Corp, State Grid Xuzhou Power Supply Company, Tencent Holdings Limited, Tongwei Co., Ltd., Fosun Group, Honor Device Co., Ltd., Trip.com Group, GEM Co., Ltd., Esquel Group, MUJI, China Development Bank, Danone China, China Power International Development Limited, Sungrow Power Supply Co., Ltd., COSCO Shipping Energy Transportation Co., Ltd, ATRenew Inc., Ant Group, Tuya Inc., WuXi Biologics, Contemporary Amperex Technology Co., Ltd.

 

Data shows that by July, 2024, a total of 1,100 companies in China have joined the UN Global Compact.