Seven Changing Trend of CSR

The 7th China CSR Seminar, hosted by Xinhua Agency and co-organized by the Bank of China, was held on January 15. Hou Jie, deputy director general of the research bureau of SASAC said that the CSR has also entered in to a new normal phase with the economic new normal and seven trends are taking place: 1. SD becomes the core principle for enterprise to honor social responsibility; 2. CSR will become an important content for enterprises reform and development; 3. CSR will be legalized; 4. CSR will be more of hard restrictions than soft restrictions; 5. CSR internationalization will be the trend necessary; 6. channels for CSR will be multi-tiered, internet based and transparent; 7. public requirements for CSR become normalized.