TY - GEN
T1 - Promoting Social Responsibility through Ratings
T2 - China’s Corporate Social Credit System
AU - Lin, Lauren Yu-Hsin
PY - 2022/3/31
Y1 - 2022/3/31
N2 - By incorporating social responsibility and ESG concepts into the new CSCS, the Chinese government provides additional incentives for corporations to actively engage with stakeholders and society. Through factoring in social and environmental concerns in the new CSCS, the CCP could impose its own social and political values on businesses. For example, by restricting the type of donations and volunteer services that could be recognized as bonus items, CCP could shape corporate behaviors in the direction favored by the party-state. CSCS thus becomes a policy-channeling tool that CCP utilizes to enhance political control over businesses operating in China.
AB - By incorporating social responsibility and ESG concepts into the new CSCS, the Chinese government provides additional incentives for corporations to actively engage with stakeholders and society. Through factoring in social and environmental concerns in the new CSCS, the CCP could impose its own social and political values on businesses. For example, by restricting the type of donations and volunteer services that could be recognized as bonus items, CCP could shape corporate behaviors in the direction favored by the party-state. CSCS thus becomes a policy-channeling tool that CCP utilizes to enhance political control over businesses operating in China.
M3 - RGC 64A - Other outputs
VL - 2
T3 - USALI East-West Studies
PB - U.S.-Asia Law Institute, New York University
CY - New York
ER -