The Asia Responsible Enterprise Awards (AREA) 2023 is pleased to honor 78 outstanding business leaders and enterprises for championing sustainable and responsible business practices. Presented by leading regional NGO Enterprise Asia, the AREA is the most reputable award recognition program recognizing organizational efforts in creating a culture of compassion, integrity, and in being socially responsible corporate citizens. The AREA serves as a badge of excellence to spur further innovation and best-practice for sharing about the organization and the world at large.
Hotai Finance Corporation (HFC) was among the recipients who were conferred with the Investment in People Award. As a comprehensive financial service company, providing multiple installment businesses for vehicles and car refinance loans, and most recently the company has ventured into the solar energy industry. Looking to the future, HFC marches towards sustainable development while continuously improving and innovating various auto finance products to exceed customer expectations.
With the continuous expansion of the company’s business operations and the international trend of ESG, HFC officially launched the project “HFC 3.0” in 2022, and declared the strategies of talent empowerment for the company’s future development.
In terms of talent empowerment, HFC has accelerated its investment in talent cultivation to train the most competent talents for the industry. Through the HFC 3.0 project, the company is dedicated to cultivating a positive employer-employee relationship, while fostering a strong corporate identity through enriching the lives of its employees.
HFC firmly believes that only happy employees can provide satisfactory services to its customers, which then leads to excellent operating performance and allows the company to develop sustainably.
Employees are the driving force for continuous growth. HFC not only arranges diversified learning resources but also launched an ESG Online course to foster a sustainable culture. In 2022, its employees received over 10,000 hours of education and training, while there were 1,075 employees finishing ESG Online course.
Competitive salaries and rewards attract talent and motivate employees. HFC offers market-competitive salaries and employees’ annual salaries reach beyond more than 20 months of salary in 2022.
With the vision of sustainable development, HFC believes the success of an enterprise lies in social support. Hence employees are encouraged to participate in every volunteer activity. In 2022, the total number of volunteers was 2,118 and the volunteer hours were up to 8,706 hours.
HFC seriously considers all employees’ opinions so by conducting a satisfaction survey every year. In 2022, the response rate of the HFC Employee Satisfaction Survey was 100%, and the result showed as much as 91.3% of employees were “satisfied” and “extremely satisfied” with the company. There have been significant improvements in the three aspects of “interaction with supervisors and co-workers, company environment and facilities, and education and training” in the 2022 satisfaction survey, indicating that there is widespread agreement among employees with the company’s efforts in the development of the work atmosphere and training.
HFC also collaborates with its stakeholders to create a happy workplace. The outstanding performance so far encourages the company to commit to becoming a model company for the industry.
HFC’s sound and humane HR policies create a secure working environment for employees and build a comprehensive training system. The company doesn’t impose restrictions on itself and believes that “There is no best, only better”. HFC adheres to the business philosophy of “customer first and profession oriented”, to create sustainable value for its employees and stakeholders while leading the industry on a march toward sustainability.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit: https://enterpriseasia.org/area/.