Yuchai Group Releases 2008 Sustainability Report in Beijing

On the morning of May 26th, the 2009 Corporate Social Responsibility Report of China's Industrial Economy sponsored by the China Federation of Industrial Economics was held in Beijing's Great Hall of the People. Together with 19 units including the State Grid Corporation of China and Baosteel Group, Yuchai Group released a 2008 report. The Social Responsibility Report will jointly demonstrate the achievements of the company in fulfilling its social responsibilities. This is Yuchai’s second social responsibility report released in Beijing since the 2007 Sustainability Report was released last year.

This conference is the first centralized publishing platform for China's social responsibility report. It will be released once a year. It aims to organize and publish social responsibility reports on a regular basis through the organization of industrial companies and industry associations, so that more and more companies and industries are committed to the society. Fulfill social responsibility, form an open and transparent self-discipline mechanism and social supervision mechanism, and enhance the social responsibility and reputation of Chinese companies. The units participating in the conference involved more than 10 industries including iron and steel, machinery, electric power, chemical industry, mining, non-ferrous metals, and coal.

At the meeting, Xu Kuangdi, President of the China Federation of Industrial Economics and President of the Chinese Academy of Engineering made a statement. He pointed out that our party and the government attach great importance to guiding and promoting corporate social responsibility. In the 2008 snow storm and Wenchuan earthquake, Chinese companies used Their own practical actions demonstrate a responsible corporate image, but China is still in the stage of rapid industrialization and urbanization. As a "social citizen", enterprises must assume a broader social responsibility than economic responsibility.

Minister Li Yizhong of the Ministry of Industry and Information Technology pointed out in his speech that at present, the financial crisis has caused a severe impact on China's real economy and the industrial economy is facing severe challenges. The more difficult it is, the more companies need to fulfill their social responsibilities. It is hoped that with a broad vision and strategic vision, the vast number of industrial enterprises will integrate social responsibility into their corporate development strategies, integrate them into their production and business activities, form a joint force to resist the crisis, smoothly weather the difficulties, and establish their own image through the fulfillment of their social responsibilities. Promote competitiveness and promote sound and rapid economic and social development. Li Yizhong put forward several specific requirements. In the current situation, industrial enterprises must take stable employment as a top priority. Safe production should be taken as the basic requirement for enterprises to fulfill their social responsibilities, and integrity management should be taken as the moral bottom line, and resources conservation and environmental protection should be taken as the The long-term task of the enterprise fulfilling its social responsibilities. This currently covers the most basic meanings of social responsibility.

Ms. Chen Ying, member of the UN Global Compact Council, attended the meeting and delivered a speech. She said that the UN Global Compact strongly supports the China Industrial Economics Federation in its work on social responsibility. The 19 Chinese companies and associations have released social responsibility reports in a centralized manner, which has contributed to the stability and development of the entire society and establishes a good image for Chinese enterprises in the international community. Significance.

The China Federation of Industrial Economics specially organized a report evaluation expert group to evaluate the report released this time. In the review, the experts fully affirmed Yuchai's "Green Development, Harmony and Win-Win - 2008 Sustainability Report." Experts believe that since 2008, the Yuchai Group has continuously issued the Sustainability Report, which has served as a model leading role in the Chinese internal combustion engine industry. Yuchai actively implements the ten principles of the UN Global Compact and actively participates in the ISO26000 social responsibility guideline development and related activities. It reflects the philosophy of Yuchai's global responsibility and reflects the true integration of corporate social responsibility and sustainable concepts into the corporate development strategy. The ambition and vision of serving its strategic goal of “building a world-renowned brand and accomplishing a large multinational corporation” provides a good reference for other equipment manufacturers to fulfill their social responsibilities, achieve sustainable development, and enhance their international competitiveness. The report has a relatively complete framework that covers relevant contents of social responsibility, especially in light of the corporate philosophy of “green development, harmony and mutual benefit”, and better discloses the company’s scientific development, environmental protection, energy conservation, people-oriented, and related interests. And social welfare and other aspects, and provided a wealth of cases. The overall design of the report is exquisite and it is a high-level report. Experts particularly acknowledged Yuchai’s innovative ideas in the green field, in particular, deepened the traditional energy conservation and environmental protection aspects and gave the industry characteristics, fully emphasizing the principle of the company’s adherence to the green development path of resource conservation and environmental protection. Under the guidance, we will actively promote the development and production of “green” products and make positive contributions to improving the natural environment. The expert group hopes that Yuchai Group will continue to be guided by the scientific concept of development, integrate the concept of corporate social responsibility and sustainable development into the day-to-day management and operation of the company, and realize the strategic goal of “building a world-renowned brand and accomplishing a large multinational enterprise group”. .

At the press conference, President Xu Kuangdi, Minister Li Yizhong, Ms. Chen Ying and other leaders issued the Social Responsibility Report issuance certificate to the issuing company. Liang Ping, Party Secretary of Yuchai Machinery Co., Ltd., received Yuchai’s social responsibility report on behalf of Yuchai. certificate.

As a large-scale enterprise group that focuses on diesel engine manufacturing, Yuchai will spare no effort to develop and promote sustainable development concepts and actions, and to test the achievements of corporate social responsibility through the issuance of a sustainability report every year, urging companies to continuously promote Implement corporate social responsibility, fully develop green power, promote the harmonious development of corporate society and the environment, and be a good corporate citizen.

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