Singapore to Host Regional Network to Promote CSR in ASEAN

January 12, 2011 by  
Filed under Insights

A new initiative, the ASEAN Corporate Social Responsibility (CSR) Network, will be set up to push the growth of CSR, a concept fast taking hold in the international business world, in this region.

Senior Minister of State for Foreign Affairs, Mr Zainul Abideen Rashid, will officiate at the incorporation of the ASEAN CSR Network on 11 January 2011.

The Network will have five founding members, and the ASEAN Foundation:

  • Indonesia – Indonesia Business Links
  • Malaysia – International Chamber of Commerce
  • Philippines – League of Corporate Foundations
  • Singapore – Singapore Compact for CSR
  • Thailand – the CSR Club of the Thai Listed Companies Association
  • ASEAN Foundation

The Network expects Brunei and Vietnam to become members too. The Network was registered on 8 December 2010 as a company limited by guarantee in Singapore.

The Network’s Secretariat will be based in Singapore. Singapore Compact for CSR, a tripartite body charged with promoting CSR in Singapore, will be its initial host and implement various activities to implement the action plan. Read more

New ASEAN CSR Network Launched at the International Singapore Compact CSR Summit

October 6, 2010 by  
Filed under Insights

The new ASEAN CSR Network, “a network of networks”, was launched at the 2nd International Singapore CSR Summit today. The founding members of the Network are Singapore, Indonesia, Malaysia, Thailand and the Philippines. Singapore Compact will host the first secretariat of the Network.

The objectives of the Network is to:

  • Realise the ASEAN Vision covered by the Roadmap for ASEAN Community 2009-2015 and the Blueprint for ASEAN Socio-Cultural Community
  • Develop public policy model for ASEAN based on international social responsibility standards
  • Develop multi stakeholder engagement for holistic sustainable socio-economic development

The Network will be a platform for networking and exchange; a repository of regional knowledge on CSR; a capacity-builder and an advocate of CSR.

More Companies Embrace CSR in Singapore

September 30, 2010 by  
Filed under Insights

Corporate Social Responsibility (CSR) is gaining traction among the companies in Singapore. This is evident from the significant increase in companies joining the Singapore Compact for CSR, a tripartite body charged with promoting CSR in Singapore. Its membership grew 42% from 239 last September to 341 this year. There is also an increase in sustainability reporting using the Global Reporting Initiative (GRI) framework, from zero companies in 2007 to more than 20 currently.

Singapore Compact explains that CSR is picking up in Singapore due to several reasons. The public are increasingly looking at companies’ environmental and social responsibility, and more consumers are expecting companies to be ethical. Companies are also starting to understand that CSR makes good business sense as it enhances their credibility, increases their employee retention, attracts global talent, and helps them better address environmental concerns. Read more