October Alliance News

On September 9th, 2021, Sussellwave Digital Technology (Shenzhen) Co., Ltd Establishment Conference was successfully held in Shenzhen. Sussellwave is a business enterprise incubated by the China Alliance of Social Value Investment (CASVI). It was founded by the former president of China Merchants Bank, Chairman of CASVI, Mr. Ma Weihua, and he will continue to serve as the Chairman of Sussellwave. The CXO team is composed of executives from Fortune 500 companies such as China Merchants Bank, Industrial and Commercial Bank of China, IBM, ZTE, Toyota, and top ESG research institutions in the world, and more than 50% of the executives are serial entrepreneurs.

During the conference, Mr. Ma delivered a keynote speech and pointed out that Sussellwave will further develop CASVI's concept of sustainable development value evaluation, and at the same time, solve NGO's limitations in promoting business transformation and upgrading, so as to obtain more participation and synergy from public resources.

Sussellwave adheres to the mission of "lighting up the value of sustainable development and empowering sustainable development value management" and is committed to building a world-class sustainable development value management service platform.

On July 21st, 2021 (Wednesday), the annual member meeting of CASVI Shenzhen was successfully held in Shenzhen and Beijing. 55 member organizations, representatives of the Secretariat, legal advisors, and some core probono experts, consultants and partners of CASVI all attended the meeting. Sharon Yang, the Great China Impact Investment Director of KKR, Cong Lin, the President of China Renaissance, Feng Fei, the Executive Director of China Southern Asset Management, etc. are elected as the Executive Director of CASVI second council.

The first part of the meeting was the work report from the first council executive directors. After that, an appreciation ceremony was held to thank the members of the first council for their contributions to CASVI in the past five years.

During the second part of the meeting, all members voted by secret ballot to elect the second council board directors. Mr. Ma Weihua was elected as the chairman of the second council. Mr. Liu Jiren and Mr. Wang Zimu were elected to the Vice Chairman. Ms. Wang Lan was elected as the Secretary-General of the Second Council.

After that, CASVI held the first meeting of the second council board directors. Chairman Ma Weihua made a work report on behalf of the first council. He first thanked the nearly 50 sponsoring organizations for the establishment of CASVI five years ago. In the past five years, with the joint efforts of everyone, CASVI has achieved gratifying achievements and results. Chairman Ma Weihua summed it up with 5 numbers:

"1", i.e. one certification: CASVI won the title of "5A social organization" in 2020;

"2", i.e. two determinations: CASVI was recognized as a charitable organization in 2020 and again recognized as a tax exempt qualification this year;

"3", i.e. three core projects: "Social Value 99" ("SV 99")," "SDGs Unicorn Accelerator," and "ESG Investing Frontiers" constitute the "investment triangle" of CASVI;

"4", i.e. four research achievements: 1) "Discovering China "Social Value 99" - A-Shared Listed Company Sustainable Development Value Rankings.

Share Listed Company Sustainable Development Value Rankings." 2) "Blue Book." 3) "Sustainable Development Finance Frontier." 4) "ESG global country policy research";

"5" i.e. CASVI has passed the annual inspection for five consecutive years, and the financial audit achieves the standard without reservation. Vice Chairman Wang Zimu, Vice Chairman Liu Jiren, Chairman Wang Ming and Secretary General Wang Lan also delivered inaugural speeches respectively. They all expressed their honour to assume the position of CASVI, and hope to continue to promote the concept and practice of sustainable development, so that CASVI can go better and further. Vice Chairman Wang Zimu hopes CASVI will become a beacon of sustainable development in China; development in China; Vice Chairman Liu Jiren said that he will not forget his original aspiration and fulfill his mission, and continue to advocate and promote the CASVI in China. Chair of the Supervisor Committee at CASVI, Wang Ming, thanked everyone for recommending him to the position. He promised he will lead the Board of Supervisors to make sure CASVI comply with laws and regulations, and create a better future together; Secretary-General Wang Lan stated that she will lead the Secretariat to continue to work hard to promote the implementation of various projects of CASVI, and live up to the high expectations of all members and directors. Ms. Wang later made a work plan report to all council members, and proposed new five-year working goals, including:

• Practicing the three major missions to build project financing capabilities.

• Establish an alliance network and create an organization without borders.

• Improve the governance structure and lay out a solid foundation for development.

• Raise funds for the four major projects of CASVI, and at the same time collaborate more with members, executive directors, and probono think tank experts of CASVI.

• CASVI was invited as an expert consultant to participate in the UNDP Representative Office in China to formulate the "United Nations Sustainable Development Investment and Financing Support Project Catalog" and the United Nations Children's Fund on the "Child Bond Standard" project."

• Mr.Ma was invited to participate in the United Nations General Assembly for two consecutive years, sharing practical results and experience; undertaking various research groups in Shenzhen, the Finance Bureau, the China Securities Investment Fund Industry Association, and the China Development and Poverty Alleviation Foundation. In the next 5 years, Mr. Ma hopes that CASVI will firmly follow its original aspirations. Make good use of technology and social benefit synergy, let everyone work together to achieve the goal of "Doing Well and Doing Good".