On April 18, Sustainable Development Research Center (SMRC) of Hong Kong Polytechnic University, together with Hong Kong Council of Social Service and Hong Kong Productivity Council, released the third “Hong Kong Business Sustainability Index” (HKBSI). CR Power ranked into Top 20 HSI Companies in HKBSI for the third straight year.
HKBSI is prepared based on the model of “Value-Process-Impact” (VPI), which aims to encourage companies listed in Hong Kong to assume corporate social responsibility and achieve sustainability through advanced business models. 50 Hong Kong HSI constituent companies were invited to fill out the questionnaire online according to the public information, so that performance of each company can be considered from three aspects, which are; corporate social responsibility values (values) management and practice of corporate social responsibility (process), and the contribution of enterprises to the economic, social and natural environment(Impact).
According to the results of the 3rd Hong Kong Sustainability Index, the total average score of 50 Hong Kong HSI companies is 50.82 points (total score of 100), showing an increase of 11.13% over the previous year. The average score of top 20 companies is 72.46 points, up 5.29% over the previous year, reflecting that more and more companies are showing concern for corporate sustainability and are committed to practicing corporate social responsibility. In the selection of this year, overall Business Sustainability Index of CR Power is scored at 77 points, ranking among the “Winner” and achieving an increase in the index year after year, among which, “Value” and “Process-Management” are scored at 95 points, which exceeded the industry average by about 32%.
It is reported that SMRC of Hong Kong Polytechnic University has prepared Hong Kong Business Sustainability Index and published the assessment results subsequently since, to provide Hong Kong and international business community with information on the development and performance of HIS companies in the aspect of sustainable development.