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Since the 1970s, with the promotion of the concept of sustainable development, there is a consensus of incorporating sustainable development into the area of corporate social responsibility. Corporate social responsibility, distilled to its essence, is to develop a concept of enterprise and society in harmony. Therefore, corporate social responsibility is an important way to realize sustainable development. Corporate social responsibilities include three parts: economic responsibility, political & cultural responsibilities as well as environmental responsibility. An enterprise is a component of a society; a society is the source of the enterprise’s profits. While an enterprise is enjoying the conditions and opportunities provided by social development, it should be respectful of ethics and morals and take actions in return to promote social harmony and improve its progresses, that is to say, an enterprise should be ‘a good corporate citizen’ during its pursuit of maximum profits.
While pursuing maximum profits (profit), enterprises should adhere to people-oriented concept (people), pay attention to environmental protection (planet) and public activities. Only by achieving the "3 P", can the enterprise fulfill social responsibilities; only by carrying out social responsibilities, can the enterprise achieve sustainable development.
For years, under the era of building harmonious society and harmonious world, COVEC has been striving to follow the strategy by the Central Committee of the Chinese government and maintain the sustainable harmony and balance between the enterprise and the local community, the projects and the nature while exploring international markets.
COVEC is not only about offering job opportunities, making profits and paying taxes either domestically or abroad, but more importantly maintaining market order, assisting the underprivileged, safeguarding employees’ rights and interests, participating in community development, promoting social advancement, protecting environment and so on in local territories.
The most distinctive feature of COVEC over other state-owned enterprises is COVEC mostly explores overseas markets at a very early stage when established, especially in Africa. For so many years, COVEC has already constructed and completed many projects in more than 10 countries in Africa and brought comfort and convenience to the African people, spreading all over Mali, Botswana, Zambia, Gabon, , Zimbabwe, Mauritania, Kenya, Cote-d-Ivoire, Angola，Madagascar, Sudan (south), South Africa, Congo(k), Morocco, Equatorial Guinea and Uganda which accounted for over 30% of all African countries. Its business projects included large-scale constructions, such as national assembly buildings, embassies, government complexes, presidential palaces, civil aviation buildings, business centers，stadiums，roads, bridges, farmlands, docks, ports, pharmaceutical factories and textile mills. COVEC has fulfilled its social responsibilities and returned the society with actions as in solving unemployment problems, training personnels, beautifying the environment and actively taking part in public activities. COVEC has been integrated in the local community, it promoted the image of the enterprise and boosted its development fast and steadily.
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