Laos Sustainability Report
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About This Report
This is the first sustainability report on Laos released by Power Construction Corporation of China, which is
also the third report by country after those on Zambia and Indonesia. With theme on "Construct a Beautiful
Tomorrow with Power and Love", the Report has systematically reviewed the practices and performances of
PowerChina in fulfilling economic, environmental and social responsibilities in its investment, construction
and operations in Laos, which reflects the sustainable concept of China-Laos joint development.
Quality Assurance
Since all the data and contents contained in this Report have been reviewed by the management of the
Company prior to release, PowerChina hereby undertakes that there are no false records or misleading
statements in the content of this Report and it shall be responsible for the objectivity and truthfulness of the
relevant data included in this Report.
Basis for Preparation
This Report is prepared in accordance with the Guiding Opinions for Central Enterprises on Fulfilling
Corporate Social Responsibility issued by the State-owned Assets Supervision and Administration
Commission of the State Council, the United Nations Sustainable Development Goals (SDGS), the
Guidelines for the Sustainable Development Report (G4) issued by Global Reporting Initiative (GRI), and the
Guidelines for Social Responsibility: ISO26000 issued by the International Organization for Standardization.
Scope of Report
This Report covers all the engineering projects undertaken by PowerChina in Laos. The period covered
is from 1996 to December 2017, whilst parts of the contents referred to are beyond this time limit. For the
convenience of expression in the Report, the Company is also referred to as "PowerChina", "We" or "Power
Construction Corporation of China".
Data Sources
The data used in this Report is from the official documents and statistical reports of the Company. Financial
data in this Report is denominated in RMB, unless otherwise specified.
Copies of This Report Available
The Report is published in both Chinese and English. Please contact Power Construction Corporation of
China for hard copies of the Report. More information on sustainable development is available from the
official website of PowerChina, and the electronic copy of this Report can also be downloaded.
Company website: http://www.powerchina.cn
Report System
Annual information disclosure-Annual Social
Responsibility Reports (2012-2016)
2013
2014
Overseas special information disclosure
-Overseas Sustainable Development
Reports.
Assessment by Third Party
Chinese enterprises have met a great historic opportunity for "going global" since the 19th National
Congress of the CPC has further clarified the strategic goal of the country for opening up the economy
to the outside world. In the journey of constructing the "Belt and Road", how to deal with the risks and
challenges arising from complex environments such as overseas politics, economy, law, finance, culture
and religion, how to "go global" better, how to better fulfill the overseas social responsibility, how to cultivate
a world first-class enterprise with global competitiveness have currently become an important subject to be
studied and solved urgently.
Based on strategic thinking, new perspective and practical performance, the Laos Sustainability Report
of the Power Construction Corporation of China has made an in-depth and innovative exploration,
demonstrating that PowerChina has taken practical actions for responding to public concerns over the
overseas social responsibilities of Chinese enterprises, as well as various concerns of all stakeholders at
home and abroad.
This is the first sustainability report on Laos publicly released by Power Construction Corporation of
China, which is also the third report by country after those on Zambia and on Indonesia. The Report has
comprehensively arranged the path of the Company's development in Laos and reviewed its performance
of responsibilities bit by bit, hence delivering the Chinese voice of social responsibility overseas, and doing
a good job in telling a Chinese story of social responsibilities to the world.
Starting with responsibility focusing on "Endeavor to pursue our dream along the Silk Road", the Report
vividly tells about major events concerning responsibilities performed by PowerChina in Laos, showing the
leading practices of Chinese enterprises in performance of responsibilities overseas since China has put
forward the Belt and Road initiative since September, 2013. With the mainline of corporate core values
of Responsibility, Innovation, Integrity, Win-Win and divided in four main-body parts, namely, Building
Masterpiece Projects, Boosting Economic Development, Protecting Ecological Environment, and Creating a
Better Future, the Report has fully responded to the concerns and expectations of the internal and external
stakeholders of PowerChina in full dimensions by taking the topics on technological innovation, compliance
operations, energy saving and emission reduction, responsibilities of employees, and responsibilities on
public welfare. The Report has cited a great amount of stakeholders' testimonies provided by interviewers,
and with true statements by people from all walks of life including government, owners, employees,
subcontractors and community residents, the Report has more comprehensively and completely
demonstrated the overall view of the performance of responsibilities by PowerChina in its great effort in
developing the Laotian market for decades, hence explaining the assumption of responsibilities overseas by
central enterprises.
By reading this Report, we can see that PowerChina has attached great importance to the work of
overseas social responsibilities. By virtue of innovation in engineering technology and guarantee of
project quality, PowerChina has completed various tasks of construction projects on time, built Elaborate
Masterpiece Projects, and casted a card of Chinese Speed in Craftsman Spirit. Meanwhile, PowerChina
has stuck to performing compliant operations in accordance with law, respected the national beliefs of
Laos, and integrated into local culture, hence boosting the development of local economy. It has also paid
attention to protection of ecological environment, strictly implemented the measures for energy saving and
emission reduction in the process of production, and strived to create green projects in harmony with the
environment. PowerChina has also regarded employees as its valuable wealth, fully respected the living
habits of employees of different nationalities, and built a broad growth platform for employees in order to
promote their career development. In addition, PowerChina has carried out public welfare projects in various
forms locally, hence supporting local infrastructure construction, helping local people improve the situation
of lack of local educational resources and the backwardness of medical conditions, and contributing to the
society diligently. In this way, it has obtained high praise from local government and people of Laos.
In short, with rich content and comprehensive topics on responsibilities, this Report is a work of sincerity,
worthy of being deemed as model of social responsibility report for the power construction industry, since
the content of responses therein has met the practical demands of stakeholders at home and aboard, built
an open platform for the communication between the Company and its stakeholders, and highlighted the
company's management model in the Laotian market featuring full employee participation, full coverage
and full integration. At present, it is believed that PowerChina will have new achievements during the new
journey in this new era. It will continuously integrate the consciousness of social responsibility management
into every aspect, and promote sustainable development overseas. With broad international vision, big global
foresight, and great China wisdom, it will realize self leap-forward upgrading, hence playing a vanguard and
exemplary role and a practically leading role for Chinese enterprises in performing responsibilities overseas, and
contributing Chinese energy and strength for the new development of world economy.
钟武
Director of the Research Center for Corporate Responsibility of
Power Construction Corporation of China
the Chinese Academy of Social Sciences.
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