Corporate Social Responsibility Key to Sustainable Development, Says Global Foundation Chair

Zhao Jie, the chairperson of the Global Corporate Social Responsibility Foundation, emphasized the importance of long-termism and responsibility in achieving sustainable development for enterprises. She highlighted that these principles are not only moral obligations but also strategic choices that can guide enterprises through complex market conditions.

Zhao Jie, who has been a regular attendee at the berkshire hathaway Annual Shareholder Meeting, noted that the event is not just an investment gathering but a platform for global business leaders to share their insights. She particularly focused on the impact of artificial intelligence on business models, global economic cycles, and Berkshire's strategic moves in the new industrial revolution. She praised Warren Buffett's advocacy for rational investment and long-termism, which she believes aligns perfectly with the principles of corporate social responsibility (CSR).

Zhao Jie pointed out that csr is about taking responsibility for the long-term sustainable development of society, the environment, and the economy. It involves considering the interests of shareholders, employees, communities, and the environment in decision-making processes. She also highlighted the unique advantages that female leaders bring to the table, such as empathy, risk awareness, and a long-term perspective, which are crucial for sustainable development. However, she acknowledged that hidden biases and unequal promotion mechanisms remain significant barriers for women in leadership roles.

To address these challenges, Zhao Jie suggested that companies should set gender diversity targets, establish mentorship programs, and provide more opportunities for women to gain experience in capital markets and governance. She also emphasized the importance of responsible investment, which goes beyond financial returns to include environmental, social, and governance (ESG) performance. Responsible investment guides companies to improve their ESG practices through capital allocation, thereby creating long-term social and environmental impacts.

Zhao Jie cited examples such as Alibaba's rural revitalization efforts and BYD's green technology initiatives as "Eastern models" that demonstrate the compatibility of ESG with business success. These examples not only serve local markets but also provide confidence and reference for global investors. She also highlighted the role of cross-border cooperation in promoting global corporate responsibility, citing collaborations between Chinese and American companies in climate change and new energy as examples of "cooperation in competition."

In response to the increasing interest of young investors in social value and environmental justice, Zhao Jie advised institutions to be more transparent in disclosing their ESG performance and to innovate investment tools that align with the values of the younger generation. She encouraged young investors to question, innovate, and maintain their convictions, emphasizing that long-termism and social responsibility are key to thriving in complex markets.