Eaton Wins Sustainability Reporting Award in China

Date: 2015/12/03

BEIJING … Power management company Eaton today was honored for its sustainability reporting at the Eighth International Conference on CSR Reporting in China, which was organized by the China WTO Tribune magazine and China Business Council for Sustainable Development (CBCSD). Eaton’s China 2014/2015 Sustainability Report won the “Golden Bee CSR Report Evergreen Award” for good transparency and stakeholder engagement. It has won this recognition for three consecutive years.
 
“We’re honored to be recognized for Eaton’s continuing efforts in sustainability reporting. Eaton is one of the first multinational companies to publish a sustainability report in China,” said Joe-Tao Zhou, president of Eaton in China. “Eaton has always put sustainability at the core of our growth strategy in China. Using innovative technologies to improve energy efficiency and emission reduction is one of the key focus areas for promoting sustainable development in China. Our latest China sustainability report echoes these megatrends, and communicates  with our stakeholders on how we can do more to meet Eaton’s and China’s sustainability goals.”
 
The Golden Bee CSR Report Award evaluation was conducted by the WTO Tribune magazine and International Research Center for Social Responsibility & Sustainable Development of Peking University. Competing reports were evaluated in six different categories including integrality of the structure, substantiality of the content, and credibility and innovativeness.  The aim of this evaluation is to credit the achievement Chinese corporations have gained, thus enhancing the communications with stakeholders, and encouraging more Chinese corporations to release their sustainability report with a higher standard.
 
Eaton has again earned this honor for the report’s increased disclosure and expanded stakeholder engagement. The includes a materiality analysis for the first time under the revised GRI standards known as “G4”, to better focus on the business issues most material to the company and stakeholders in China.
 
“I’m glad to note that Eaton’s latest Sustainability Report in China takes new structure comparing with the previous versions. It demonstrates Eaton’s strong desire to communicate top issues with stakeholders,” said Yin Gefei, vice president of China WTO Tribune and director of Corporate Social Responsibility Research Center of Peking University. “Before identifying and prioritizing sustainability issues, Eaton China produced the list of critical issues by referring to multiple domestic and international social responsibility standards, and reviewing Eaton’s sustainability/CSR projects. It then prioritized the business issues most material to Eaton and stakeholders topics by interviewing internal and external key stakeholders and finally confirmed the four-dimension materiality matrix with senior leadership. What’s more, the three themed chapters well illustrates Eaton’s practices and achievements of CSR in an interactive way with storytelling and visual elements.”
 
Eaton’s efforts and achievements in CSR and sustainable development have gained recognition from organizations and authorities at home and abroad. In China, Eaton has won over 30 relevant awards and become one of the leading corporations in CSR practices and fulfilling sustainable development, including the “2015 Corporate Social Responsibility Leadership Award” by AmCham Shanghai, “Excellent Law and Ethics Case of China Corporate Social Responsibility 2015” by the China Enterprise Evaluation Association and School of Social Sciences of Tsinghua University, as well as the honor related to corporation innovation and localization such as the “Best Innovation Practices of Multinational Companies in Shanghai” award.
 
Eaton is a power management company with 2014 sales of $22.6 billion. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton has approximately 99,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com