More to be done on CSR in Singapore

October 16, 2014 by  
Filed under Insights

Minister Lawrence Wong at International Singapore Compact CSR Summit (1)

The annual International Singapore Compact CSR Summit was held today by Singapore Compact, and provided a platform for companies and thought leaders involved in CSR (corporate social responsibility) to discuss how companies can maintain sustainable growth through adopting CSR and engaging stakeholders to achieve a balanced triple bottom line.

The CSR movement has grown in importance and relevance, and companies can no longer ignore the need to embrace and embed CSR in their businesses. Mr Kwek Leng Joo, President of Singapore Compact, shared that only one-third of the listed companies in Singapore communicate their CSR and sustainability initiatives to stakeholders through various channels, and only 32 companies produced CSR reports in 2013 according to the Global Reporting Initiative (GRI) database. Read more