KPMG's latest report on China's life science sector notes that the country is set to become a crucial player in the life science and healthcare industry. Within a decade it is expected to become a global leader in drug discovery and innovation.
This report makes a compelling read for any organisation that is either planning or implementing a cloud strategy, and provides some practical and actionable advice for enterprises and their executives.
KPMG China staff donated over7,000 hours of volunteer work to quake relief and recovery work
Delivering emergency items donated by KPMG to earthquake affected areas
Distributing drying plants of red pepper to14 townships in Mao County in SichuanProvince
Sichuan Wolong temporary houses funded by KPMG
Immediate relief phase
KPMG China raised over RMB 8 million, including employee contributions plus dollar-to-dollar matching from the KPMG Foundation, and USD 120,000 from other international member firms. KPMG China staff donated over 7,000 hours of volunteer work to quake relief and recovery work.
KPMG China sent RMB 4 million to the China Foundation for Poverty Alleviation (CFPA) soon after the disaster hit for immediate relief. Half of this initial donation was used to purchase food, water, medicine and tents for 13 counties in Sichuan, as well as equipment to help affected farmers in Mao county to harvest Sichuan pepper corn. The remaining RMB 2 million was spent building 156 temporary housing units with a total area of 3,568 square metres in Wolong county.
KPMG China allocated further sum of RMB 500,000 to sponsor 80 affected students in 19 universities through college via CFPA's New Great Wall initiative.
A new learning place for the kids
One of the schools we rebuilt in Gansu
The KPMG-CCTF Community Centre
Building a community centre in Pengzhou, SichuanKPMG China worked with the China Children and Teenagers' Fund (CCTF) to build a community centre in Cifeng township, Pengzhou, Sichuan. The center's design won the "2009 National Human Settlement Best Practice Gold Medal". It is also being showcased as an example of best practice for sustainable living and environmental protection at the ZED pavilion of the Shanghai World Expo, due to its distinct energy-saving and environmental features. It is expected to serve as an exemplary site for green building, renewable energy and resources, and quake-resistant technology. It was built with environmentally friendly and locally sourced materials, such as processed bamboo. This hopefully set new benchmarks for construction techniques in rural China. Another highlight is the bringing together of different businesses on this project. For example, Integer China and I&G Systems have provided pro-bono design and construction consultation services. The bamboo floor, straw bale wall, energy-saving timber window, solar lighting system and other features are also being provided by several companies on a pro-bono and complimentary basis. The centre brings people together for a variety of community gatherings, including after-school activities for children and vocational skills training, with our people playing an active role. The centre was opened in May 2010.
Rebuilding two schools in Cheng County, GansuIn November 2008, KPMG China entered into an agreement with Sowers Action (SA) to rebuild two schools in Cheng county, Gansu province. The construction started in July 2009 and completed in spring 2010. Where around 500 students started to study in these two newly built schools in May 2010. SA has an excellent record - all the 114 schools they previously built in the earthquake-affected areas withstood the force of the quake and reported no casualties.
Students study in the transitional housing
Students study in the newly built school
KPMG international had launched an initial donation of USD300,000 immediately after the occurrence of Japan earthquake and tsunami in March 2011. Together with the donations from staff of various KPMG offices and the dollar-to-dollar matched by the KPMG Foundation, over USD 3 million had been raised.
Including the dollar-to-dollar matching from our KPMG Foundation, KPMG China had raised about RMB 1.4 million. All proceeds had been given to the Japanese Red Cross Society through the Red Cross Society of China and Hong Kong Red Cross for the relief effort.
Donations have been used for the distribution of warm clothes, blankets, emergency kits and sleeping kits to the people affected by the earthquake.
Photo source: Red Cross
KPMG china raises over HKD 500,000, including the dollar-for-dollar matching from KPMG Foundation, to support East Africa soon after the drought hit Somalia in July 2011.
Our donations will be channelled through the KPMG Foundation to World Vision and Médecins Sans Frontières (MSF) in Hong Kong. The funds will be used to provide food, supplies and medical assistance to those affected in East Africa.
Photo source: MSF
Corporate Social Responsibility is not just about philanthropy or community services, but how we engage our people at all levels to make a difference that could be sustainable and enhance our business success.
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