Creating long-term value returns, Embracing sustainable development
SDIC releases 2021 Corporate Social Responsibility Report
When the overall development of the Yalong River Basin Hydro-Wind-Solar Complementary Green, Clean and Renewable Energy Demonstration Base is completed, the gigantic project will be able to generate 220 billion kilowatt hours of clean electricity each year, which is equivalent to saving about 120 million tons of raw coal and reducing carbon dioxide emissions by about 230 million tons.
Within just 29 days, SDIC Chuangyi completed strategic controlling-share investment in Longping Biotech. By April 2022, SDIC Chuangyi had completed investment in 6 leading biological breeding enterprises, with combined investment hitting 4.067 billion RMB yuan.
In 2021, SDIC Group issued 7 risk reminding and warning letters, compiled 43 risk management reports, built its overall risk management system that adapts to the characteristics of state-owned capital company in half year's time, and completed 423 items of core risk indicators.
In the past year, SDIC had carried out active practices in environmental, social and governance (ESG).
Today, we release The 2021 Corporate Social Responsibility Report which has, for the first time, integrated the ESG concept with corporate businesses and strengthened SDIC's “responsible investment” philosophy and actions from the ESG angles. This is also the 14th time that SDIC issues its Corporate Social Responsibility Report and the 14th year that SDIC sends to its stakeholders and all sectors of the society the message that it is the company's responsibility and mission to “create a better future through investment”.
“Create long-term value returns, embrace sustainable development”. SDIC is always an active doer.
We adhered to value investment and embraced the new era with fresh achievements. In 2021, the challenge to public health brought about by the COVID-19 pandemic continued and despite of this, we still achieved good results: the annual business revenue reached 194.5 billion yuan RMB, the year-end total assets hit 766.4 billion yuan RMB, total profits rose to 46.1 billion yuan RMB, a historical high; and in 18 consecutive years, A-class was granted to SDIC in the business assessment conducted by the State-owned Assets Supervision and Administration Commission of the State Council.
We insisted on investing in future and actively explored the long-term sustainable development value. In the past year, we promoted the green industrial distribution, with the Yalong River Yangfanggou and Langhekou hydropower stations having been put into operation one after another; we were firm on the carbon peak and carbon neutrality goals, made sufficient strategic preparations, carried out research on the pathway leading to the realization of carbon peak and carbon neutrality goals, actively participated in national and regional carbon trade, and gave priorities to internal negotiation-based transfer; we upheld the principle of balancing development with protection, drafted the 14th Five-Year Resources Saving and Ecological Environmental Protection Plan, and defined the development direction and implementation pathway of environmental protection work.
Dam of the Yalong River Lianghekou Hydropower Station
We upheld investing in inclusiveness and using investment to serve the better life. In 2021, we officially launched the “125 sustainable revitalization plan”, used the two methods of “free assistance and fund guidance” to implement five major revitalization projects in accordance with actual local conditions, helped the assisted regions to consolidate their poverty elimination achievements and spared no efforts in exploring rural revitalization measures. By the end of 2021, the volume of SDIC's assistance industrial fund reached 45.5 billion yuan RMB, which stimulated 340 billion RMB yuan of social capital and created more than 3.5 million person-times of employment opportunities. In a time when governments, enterprises and the society were all facing severe challenges, we, as always, promoted inclusive finance and elderly care for all, supported the development of rural areas, agriculture and farmers, small- and micro-businesses and sci-tech innovation firms, went all out to provide financial support to member enterprises in the sectors of coal, power generation and port, offered diversified services to better satisfy the needs of “grey hair economy” development, and promoted the building of a new development pattern.
The 125 Sustainable Revitalization Plan
We adhered to the principle of investing in people and creating a better future together with the value creators. 2021 was the critical year of the three-year action of the SOE reform. We focused on the tenure system and contracting management of manager-level members, optimized corporate governance, deepened the key tasks of the three institutional reforms, etc., and solidly promoted the implementation of all reform measures in accordance with time schedule. We insisted on the cultivation of talented people in a diversified way, held the first group working conference on talented people, printed and distributed the 14th Five-Year human resources work plan, and promoted the group's work on cadres and talented people to step on a new stage. In the past year, we continued our efforts in promoting “stabilizing employment”. By the end of 2021, the platform of www.iguopin.com had more than 1.3 million registered members, the “iguopin action” mobilized more than 24,000 employers to offer more than 2.4 million jobs and received more than 8 million resumes from job seekers.
On September 8, 2021, the SASAC of the State Council held the conference on benchmarking the world first class management for improvement at the SDIC.
SDIC's Corporate Social Responsibility Report has been graded 5 Star plus by the Chinese Expert Committee on CSR Report Rating for two consecutive years.
Mission is commitment. We will continue to create a better future through investment.