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Public Transparency Monitoring Report of China's Provincial Power Grid Corporation

Public Transparency Monitoring Report of China's Provincial Power Grid Corporation

(Summary description)On December 29, the 3rd China Electric Power Industry Public Transparency Forum was held in Beijing. This forum released the "China Provincial Power Grid" jointly researched and compiled by the Social Responsibility Professional Committee of the China Enterprise Management Research Association and the Beijing Rongzhi Corporate Social Responsibility Institute. The Company's Public Transparency Monitoring Report (2016).

Public Transparency Monitoring Report of China's Provincial Power Grid Corporation

(Summary description)On December 29, the 3rd China Electric Power Industry Public Transparency Forum was held in Beijing. This forum released the "China Provincial Power Grid" jointly researched and compiled by the Social Responsibility Professional Committee of the China Enterprise Management Research Association and the Beijing Rongzhi Corporate Social Responsibility Institute. The Company's Public Transparency Monitoring Report (2016).

Information
On December 29, the 3rd China Electric Power Industry Public Transparency Forum was held in Beijing. This forum released the "China Provincial Power Grid" jointly researched and compiled by the Social Responsibility Professional Committee of the China Enterprise Management Research Association and the Beijing Rongzhi Corporate Social Responsibility Institute. The Company's Public Transparency Monitoring Report (2016).
 
Power Enterprise
 
The purpose of this forum is to explore how power companies can innovate in social communication, establish social demand response communication mechanisms, and enhance public transparency and social recognition in the context of supply-side structural reforms. In 2016, the transparency management of various grid companies has achieved different degrees of development, and the ways and methods of communication with stakeholders have been gradually improved, which has played an important role in alleviating public doubts and enhancing the corporate responsibility brand image.
 
The Public Transparency Monitoring Report of China's Provincial Power Grid Companies (2016) conducted a research and analysis on the transparency management of 34 provincial power grid companies from the dimensions of disclosure content, demand response, and information form, and pointed out the five major aspects of transparency management for power companies Highlights and five deficiencies, and through specific analysis of various dimensions and sub-indices to find the strengths and deficiencies of each grid company, and proposed improvements and directions for grid companies to improve transparency management.
 
Five highlights
 
1. The level of transparency has increased steadily, and the transparency of State Grid Corporation has improved significantly.
 
During the reporting period, the overall level of transparency of provincial power grid companies increased steadily, and the overall progress of the secondary power grid companies affiliated to State Grid was more obvious.
 
2. Information disclosure is planned, and reports or white papers become mainstream.
 
The State Grid Corporation of China is paying more and more attention to the improvement of public transparency of provincial power grid companies, guiding provincial power grid companies and municipal power supply companies to carry out distinctive communication activities, encouraging the publication of white papers with local characteristics, and conducting research during the reporting period. The selection of rooted projects takes communication and communication as important selection indicators.
 
Social responsibility reports and white papers have become the main channels for the public to obtain official information. During the reporting period, State Grid Corporation of China issued 12 white papers for provincial power grid companies. For example, State Grid Qinghai Electric Power and State Grid Xinjiang Electric Power released their first white papers for serving local economic and social development. Municipal power supply companies are also more common in publishing white papers.
 
3. The materiality of the disclosure has been strengthened, and more attention is paid to the information concerned by related parties.
 
During the reporting period, provincial power grid companies generally began to attach importance to enhancing the materiality of the disclosure content, and began to explore ways to strengthen communication with stakeholders.
 
Regarding the disclosure of supplier management information as the focus of information disclosure, provincial power grid companies can attach importance to the disclosure of supplier information and better comply with the general trend of information disclosure.
 
Provincial power grid companies that disclose information on customer service channels, business outlets information, payment channels, special group services, electricity prices, electricity tariff policy descriptions, and power outage announcements have almost reached a high level. Actively promote low-carbon environmental protection in the process of power grid construction, operation and maintenance, and actively cooperate with customers to promote energy-saving on the power consumption side. A large number of practices regarding employee voluntary service have been disclosed, especially in the disclosure of poverty alleviation information. The disclosure of this information satisfies the needs of stakeholders for information on power grid companies.
 
4. Diversified forms of information disclosure and full integration of mobile internet channels.
 
During the reporting period, the provincial power grid companies not only paid attention to information disclosure through official websites, official Weibo, and official WeChat accounts, but also attached great importance to offline public communication activities to strengthen contact and communication with stakeholders. Among them, the "State Grid Zhejiang Electric Power Company" WeChat public account followed more than 2.5 million users. Provincial power grid companies attach importance to the establishment of official information disclosure channels for enterprises, and all have opened official websites, and most companies have opened Weibo and WeChat.
 
Provincial power grid companies pay great attention to exploring the integration of various tasks with mobile internet channels. What is more impressive is that the WeChat account for supplier communication has been established in the aspect of supplier management, which is convenient for provincial power grid companies to communicate and communicate well with suppliers, to convey bidding information well, and to respond to suppliers’ The demand for information transparency; for the recruitment issues that society is more concerned about, a mobile phone client for recruitment that conforms to the habits of young people has been developed to facilitate young people to learn about the recruitment information of power grid companies in a timely manner.
 
5. It pays great attention to socialized expression, and the communication effect is remarkable.

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