CSR

Today's topic was about CSR.

What is CSR?

- CSR a.k.a Corporate social responsibility is a form of corporate self-regulation integrated into a business model.

In other words, It’s how a company gives back to the society, mostly ethical. Corporate Social Responsibility is essentially about businesses doing well and doing good at the same time. CSR is about the long term strategy of aligning business strategy and operations with universal values to achieve positive and sustainable outcomes for customers, suppliers, employees, shareholders, communities, other stakeholders and as well as the environment.

Some examples of CSR are safe working conditions for employees, environmental stewardship, and contributions to

Community groups and charities. The problem is that many companies that claim to be socially responsible

often do not live up to such a standard. Because CSR is becoming more commonplace among corporations, there

are concerns that some companies promote an image of CSR whether or not they have a true strategy in place and

the results to show for. Accountability and transparency are key to conducting business in a responsible manner.

(http://en.wikipedia.org/wiki/Corporate_social_responsibility) <caa 14/11/11>

Examples of CSR practiced in Singapore:

In 2008, survey findings by the Ministry of Trade and Industry (MTI) show that out of the 507 Singapore-based enterprises surveyed, 40% of the respondents were aware of the term CSR. Of the CSR-aware respondents, two-thirds have implemented CSR activities.
To date, 240 organisations have joined Singapore Compact and are implementing CSR practices. These organisations include large corporations, SMEs, co-operatives, unions, federations and NGOs. In addition, 70 companies have signed up as signatories to the United Nations Global Compact (UNGC) network in Singapore. (http://www.greenbusinesstimes.com/2009/10/02/corporate-social-responsibility-in-singapore-awareness-and-implementation/) <caa 14/11/11>

Examples Of CSR practiced in Organisations :

SAF holds an annual Singapore Bay Run – ARMY Half Marathon (SBR – AHM). In this event, whatever fundings SAF has collected will be given to Charitable organization to help the needy.

Now now . . . Enough of these stuffs. . .

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