Data of China CSR Development Index

　　
This study continues to employ the theoretical model comprising responsibility management, economic, social and environmental responsibilities (see Figure 1-2). At the center of the model is responsibility management, which is the starting point of CSR practices of each enterprise and consists of responsibility strategy, responsibility governance, responsibility integration, responsibility performance, responsibility communication and responsibility survey. At the lowest level of the model lies economic responsibility. As an economic organization, an enterprise exists to provide valuable products or services in a cost effective manner and better financial performance is the cornerstone of sustainable business development. Economic responsibility consists of responsibility for customers, shareholders, partners and other responsibilities closely related to business activities. Social responsibility lies at the left upper corner of the model and consists of responsibility for government, employees and community. Environmental responsibility lies at the right upper corner of the model and covers responsibility management, resource and energy conservation, pollution and emission reduction. The entire model focuses on responsibility management and forms a stable closed triangle with economic responsibility as the bottom and social and environmental responsibilities as the two wings, as illustrated below.  Benchmarking

In order to make China Top 100’s CSR Index compliant with both international standard and Chinese practice, this present study made reference to international CSR initiatives and indicator systems, domestic CSR initiatives and CSR reports of global top 500.[1]

In July 2010, ISO26000 was officially adopted as the first CSR standard developed by ISO, a standard that has produced significant influence on development of Chinese CSR practices. Therefore, the task team analyzed ISO26000 to identify a series of key indicators and develop an indicator system for China top 100’s CSR development index by means of addition[2] and adaptation[3]. 3. Industry-specific evaluating indicator system

The importance of responsibility topics varies considerably from one industry to another. For example, power and petrochemical industries are energy-consuming and highly polluting, therefore have high level of environmental sensitivity and responsibility. The weight assigned to the environmental responsibility of these industries is relatively high and their environmental indicators more complicated. In contrast, banking sector is much less energy-consuming and polluting and environmentally sensitive, therefore the weight of environmental responsibility of banking sector is relatively low and environmental indicators involved in banking sector are rather simple. 

This present study built an industry-specific CSR indicator system based on specific characteristics of CSR in different industries. Within the context of this study, industries were classified based on the economic sector classification criteria of the National Bureau of Statistics, and consolidation and segregation of industrial sectors were conducted based on the similarity of key CSR topics of industries to ensure the construction of indicator system is scientific and the indicators are substantive.