Baosteel Corp has been granted “International A ratings” by an international sustainable development rating agency RepuTex for its all-out efforts to deal with key risks, especially with various management systems including inner control, audit committee, environmental protection and safety.
The company aims to become a greenfield steel producer in 2010 and a leader among resource recycling steel makers and national economic recycling pilot bases in 2012, said Baosteel Corp general manager Fu Zhongzhe.
Only 7% of global enterprises and 3% of China’s enterprises once got A ratings from RepuTex.