In China Merchants Bank (“CMB”), we firmly believe that the company and the community are mutually-interdependent. CMB plays a role to facilitate the economic growth of the country and in return, the national economic and social development helps us to expand. A fair and stable society is essential to the development of businesses, and they are bound to contribute to a fair and stable community. Therefore, we stick to our principle of “From the society, to the society” and have taken various measures to give back to the society, such as in the areas of poverty alleviation, environmental protection, education and emergency relief services.
Since September 1998, as arranged by the Aid-the-Poor Development Office of the State Council, CMB has been providing assistance to Wuding and Yongren Counties in Chuxiong Yi Autonomous Prefecture of Yunnan Province. The Bank has dispatched 5 groups involving 19 people to these areas to aid the poor. Up to now, donations amounted to RMB12.637 million, either in cash or in kind, were raised. We join hands with the government and people of both counties to combat against poverty and backwardness. And we have made major achievements in our work.
Over the past 20 years, China Merchants Bank actively organized and participated in charitable activities and its donations totaled more than RMB58 million. Along with our growth, we have further bolstered our involvement in charitable works in recent years. The following is some of charitable programs that CMB promoted:
On May 16, 2004, over sixty models, who attended the 16th session of the World Model Miss International Contest, and CMB’s staff jointly made donations to the “Spring Bud Project”, a foundation launched by the China Children’s and Teenager’s Fund to assist girls of poor areas of China to return to school. Currently, there are over 1,000 “Spring Bud Classes” throughout the nation and up to now, 1.45 million drop-out girls have been helped back to school.
In October 2006, China Corporate Social Responsibility Alliance (CSRA) was officially established. Mr. Ma Weihua, President of CMB, was selected as the first chairman of it. CRSA was co-founded by a number of renowned enterprises, including IBM, CMB, HP, Nokia, Ping An of China, Cisco, Vanke, TCL, JuneYao, Nan Fang Daily and China Entrepreneur Magazine. It is an independent organization to promote the development of corporate social responsibility in China, with a primary focus on community services in the country. The establishment of CSRA marks the joint efforts made by the enterprises to pursue charitable causes. It is determined to become the most influential and most credible independent organization in promoting corporate social responsibilities in China. It takes initiative to carry out CSR principles and to lead China’s enterprises to stride out for the development of corporate social responsibility around the world in an innovative mode.
In 2007, CMB published its first CSR report, detailing the endeavors made by the bank to fulfill its corporate social responsibilities over the past 20 years. You can click here to download the report.