Achieving Sustainability with A Stakeholder-Based CSR Assessment Model for FIEs in China

Abstract

Foreign Invested Enterprises (FIEs) have been playing an important role in the fast developing Chinese economy, but there is a growing need to improve awareness and effective communication between responsible FIEs and stakeholders in China. On the one hand, FIEs' stakeholders in China need ready access to relevant information on which to judge the social performance of individual FIEs in China; on the other, FIEs need additional insight into Chinese stakeholder concerns and expectations in order to better localize their CSR strategies and improve the impact and visibility of their CSR programs. This article, based on the results of international and domestic research on CSR, probes into the CSR criteria and guidelines for FIEs in China, and seeks to finally establish a feasible assessment system for later research and FIE sustainability auditing program in China.