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SDIC releases 2022 Overseas Social Responsibility Report

2022-12-02


The Arabic-speaking Monkey King will arrive in Jordan in one somersault.

The Arabic-language cartoon book Monkey King is expected to debut in 2023 and SDIC Group participates in the translation of the Arabic edition. Monkey King, an IP figure that is featured with the Chinese wisdom, value and long history, will traverse the long distance of about 6,200 kilometers to arrive in the Arabic world. In China, Monkey King, a very popular mythical figure for kids and youth, is well known for its magic ability to fly tens of thousands of kilometers away in just one somersault.

The trans-culture project of Monkey King is only one of the projects in which SDIC Group participates in carrying out its overseas social responsibility.

On November 21st, 2022, SDIC Group released its 2022 Overseas Social Responsibility Report on line.

Centered on its mission of Better Investment, Better Future, the report, combined its investment philosophy with its value system, focuses on the three aspects of invest in value, invest in future and invest in society to demonstrate the practices and achievements of SDIC Group in carrying out its economic, environmental and social responsibilities in overseas investment and operation, completely integrate ESG with its business development, make its best efforts in creating economic, social and environmental value, pursue sustainable and high-quality development and build SDIC the image of a responsible central SOE investor.

 

Invest in value: YAPP Automotive Systems Co., Ltd. fosters compliance competitiveness

The ABB robot assembly line of YAPP Russia

Against the background of multiple challenges from the complicated and severe international conditions and the COVID-19 pandemic, SDIC Group abides by the principle of compliance in investment and business operation, honors its commitment in product quality, strengthens safe production and makes scientific and technological innovation the inevitable pathway in meeting the challenges of various risks and accelerating its transformation development. By the end of 2021, total assets of its international business reached 43.5 billion RMB yuan, with 24.8 billion RMB yuan in business revenue and 1.23 billion RMB yuan in profits. SDIC Power successfully completed the transaction of stock equity of a hydropower project in Indonesia; Tialoc Group of China National Complete Plant Import & Export Corporation Ltd. won a bid of 1.18 billion RMB yuan in Malaysia; Rongshi International issued a five-year-term bond abroad, securing stable and low cost fund for its overseas business development; YAPP Automotive Systems Co., Ltd. of SDIC Gaoxin adheres to the 3E (effective, efficient, economical) management system and operation principle to implement flat and vertical management in its overseas enterprises.

 

Invest in future: SDIC Power contributes to green energy

SDIC Power’s Afton onshore wind farm project in the UK

SDIC Group actively promotes environmental protection, clean energy and the development of new energy and renewable energy and is devoted to the solutions to the major global challenges such as global warming, climate change and poverty elimination. SDIC Power completed the transaction of the 100% share of the Benbrack Onshore Wind Farm with a capacity of 67,000 kilowatts; New Sky Energy (Thailand) Co., Ltd. and Metropolitan Electricity Authority of Thailand joined hands in developing green and circular economy to meet the challenge of climate change; Inch Cape Offshore Wind Farm succeeded in securing CFD in the fourth round of bidding in the UK, a milestone event in the high-quality development of Chinese enterprises abroad; and the overseas ventures of YAPP had all passed the ISO 14001 assessment of environment management system. By the end of 2021, SDIC Group’s installed capacity of clean energy accounted for 67.3% of its total installed power generation capacity.

 

Invest in society: SDIC Mining builds a bridge of friendship between China and Jordan

The Arabic edition of Monkey King

In 2017, SDIC Mining became the biggest shareholder of the Arab Potash Company of Jordan. Since then, they have become close partners. SDIC Group always sticks to the respect and protection of human rights, protects the interests of its employees, actively carries out humanistic care, strictly abides by the laws and regulations of host countries (regions), and creates all-media cultural product and exchange activities with the Chinese characteristics and the value of the times through the Chinese mythical image of Monkey King and the story of Journey to the West; SDIC Mining also held a forum on China’s Belt & Road Initiative and Jordan’s 2025 Vision to promote China-Jordan friendship and cooperation; SDIC Trade signed 29 agreements of intent with 19 companies from 15 countries at the 4th China International Import Expo, a rise of 44% in terms of the value of the signed agreements.

 

Third party assessment

Jiang Hui, Secretary-General of the Alliance of Chinese Businesses in Africa for Social Responsibilities, said: SDIC Group adheres to the principle of invest in value, consolidates the basis of long-term growth, contributes to the society and the times through responsible investment, integrates ESG concept in the whole process of its business operation in its overseas investment and operation; SDIC Group adheres to the principle of invest in future, pays important attention to the development of green and circular economy, actively meets the challenge of climate change, and takes concrete measures in promoting the global environment governance and the realization of the zero emission goal; SDIC Group adheres to the principle of invest in society to create a better future, always reflects on what we should bring to the world when making investment decisions, adheres to the philosophy of being innovative, professional, firm and people centric in investment and business operation, and makes great efforts in the building of global partnership relations based on co-creation and mutual benefit.

Since 2008, SDIC Group has issued its corporate social responsibility report for 14 consecutive  years. After being awarded the honor of 5-Star report for 4 consecutive years, its corporate social responsibility report has been assessed by the expert committee of China Corporate Social Responsibility Report to be 5-Star Plus (the highest grade) for two consecutive years. The 2022 Overseas Social Responsibility Report marks the second release of such report since 2018. It is noted that the Group’s social responsibility work has won wide recognition and high praises from society.

 


 

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