CSR news digest – 003
Asian Correspondent 2017 CSR 50 Index
Who made our list of Asia’s top corporate sustainability performers?
- 60% of plastics dumped into the earth’s oceans come from 5 countries in Asia.
- Our readers have told us they look for ”brand’s with purpose” making a positive social impact.
- Our methodology looked at three coverage areas: environment, social and governance.
- Companies were selected from 12 countries across Asia.
Geography and ratings:
In respect of Asian Correspondent’s region of coverage, the firms selected for this list are Asia-based.
They are also listed in no particular order or ranking as we felt that in order to transform our data into a meaningful ratings system, there needs to be universally accepted baselines or an agreement on how to assign weightage to initiatives deemed wrong, right, better or worse. As such, we felt each chosen company deserved fair mention in this list.
The CSR 50 arranged alphabetically:
- Aditya Birla Group (India)
- Advanced Semiconductor Engineering Inc (Taiwan)
- Arvind Limited (India)
- Asian Pulp and Paper (Indonesia)
- AstellasPharmaInc (Japan)
- Astra International (Indonesia)
- Ayala Land (Philippines)
- Bank of East Asia (Hong Kong)
- Bridgestone Corporation (Japan)
- CapitaLand Ltd (Singapore)
- Cathay Pacific (HK)
- City Developments Limited (Singapore)
- CLP Holdings Ltd (HK)
- CTBC Financial Holding Co Ltd (Taiwan)
- Digi Telecommunications (Malaysia)
- Dr Reddy’s Laboratories (India)
- Energy Development Corporation (EDC) (Philippines)
- Fast Retailing Co Ltd (Japan)
- Fubon Financial Holding Co Ltd (Taiwan)
- Fuji Xerox (Japan)
- Hanwha (South Korea)
- Hong Kong Airport Authority (Hong Kong)
- Japan Airlines (Japan)
- Kasikornbank PCL (Thailand)
- Keppel Corp Ltd (Singapore)
- Manila Water (Philippines)
- MS&AD Insurance Group Holdings Inc (Japan)
- Nissan Motor Co Ltd (Japan)
- Lenovo Group (China)
- LG Electronics Inc (South Korea)
- Mahindra & Mahindra (India)
- MTR Corporation Limited (HK)
- NTT DOCOMO Inc (Japan)
- POSCO (South Korea)
- PTT PCL (Thailand)
- Ricoh Asia Pacific (Japan)
- Samsung Electronics Co Ltd (South Korea)
- Siam Cement (Thailand)
- Singtel (Singapore)
- SK Telecom Co (South Korea)
- Sony (Japan)
- StarHub Ltd (Singapore)
- Sysmex Corp (Japan)
- Taiwan Semiconductor Manufacturing Company (Taiwan)
- Tata Group (India)
- Thai Beverage PCL (Thailand)
- Tokyo Electron Group (Japan)
- United Microelectronics (Taiwan)
- Wipro (India)
CSR compliance among top 100 listed companies improved: KPMG survey
Compliance to the requirements of the Companies Act has improved. A positive trend is that an improvement in the availability of information can be seen as compared to last year. Similarly, a strengthening of governance mechanisms for CSR projects is visible. Overall CSR spending has increased and thematic areas of health, education and sanitation witnessed higher budget allocation from corporates. It is heartening to see that a few corporates have gone beyond the 2 per cent mandate and spent more. This opportunity needs to be seized to demonstrate to the world that Indian businesses are contributing constructively to address India’s development challenges and are doing so in an impactful way… The survey report said.
Odishagovt proposes to set up a CSR council
To bridge the gap in priority sectors of development, Odisha government Saturday initiated a proposal for institutionalisation of CSR funds and projects of corporate houses operating in the state. While around 10 districts have received 90 per cent of the CSR resources, some have been left out. Many of the CSR projects also fail to have any countable contribution towards priority sectors of the state’s development agenda.Most of the members emphasised on formation of a CSR council for an effective planning and implementation of CSR interventions, the statement said.
Gujarat CSR Authority to hold first National Conclave
State-supported Gujarat CSR Authority (GCSRA) plans to hold first National CSR Conclave on the theme of ‘Decoding the CSR Ecosystem in India’ in Ahmedabad on March 9 and 10, 2017.
The objective of the conclave is to create an enabling environment for corporate, government agencies, NGOs & civil society, academics and other stakeholders to share their expectations, aspirations and responsibilities to address the social challenges faced by the State.
In the light of the progress being facilitated by the CSR rules, the conclave would address several topics such as perspective shifts and policy changes, benchmarking performance through Results Based Management (RBM) for CSR, measuring & documenting progress – innovations for Knowledge Management among others.
Heritage conservation yet to find favour with firms for CSR spend
We have failed to protect so many art forms and now they are lost to us forever. UstadAsad Ali Khan’s death meant the end of the KhandarVani style played on the rudraveena. The Koodiyattam style of theatre in Kerala has almost no takers now. So much knowledge about our heritage is getting lost everyday,” says Kiran Seth, a Padma Shri recipient and founder of SPIC MACAY (Society for the Promotion of Indian Classical Music and Culture Amongst Youth).
When central or state governments spend money on heritage conservation, their focus is on tourism, experts say. “So if a monument or a piece of our history is not something a tourist might want to see, it
doesn’t get funded and therefore becomes dilapidated,” explains RuknuddinMirza, senior conservation architect at Intach (The Indian National Trust for Art and Cultural Heritage).
According to an analysis carried out by CSR consulting firm NextGen Pvt. Ltd of the top 91 NSE listed firms for FY15-16, funds routed to the cause of ‘heritage’ conservation or cultural promotion dropped by close to 40%. In the first year of CSR rules, heritage received Rs67.87 crore but the amount fell to Rs40.88 crore in FY16.
Most corporates that spend CSR funds on heritage conservation tend to demand faster output or visible recognition of their contribution, sometimes both.
“This is not possible in many cases, especially if it is conservation of a heritage monument by the Archeological Society of India. These projects require attention to minute details, after which repair or modification can be done. That takes time—not something you can finish in a year or two,”
Education, employable skills top CSR spends: report
A majority of information technology (IT) and financial service sector companies in India are investing in education and employable skills, when it comes to the mandatory spend on corporate social responsibility (CSR), says a report by Nasscom Foundation.
‘Key to social issues’
“About half the companies (70) interviewed have spent more than 70 per cent of their CSR in education and employable skills initiatives,” said the report titled ‘Catalysing Change Through CSR’ – released here on Wednesday at the CSR Leadership Conference.
“Education and employable skills are the key to most of India’s social problems. An industry which has grown solely by investing into knowledge and key skills, realises the difference a skilled knowledge society can make and therefore, a major chunk of the CSR funds has been dedicated to education and employable skills,” Ganesh Natarajan, Chairman, NASSCOM Foundation, said in a statement.
Corporate Social Responsibility for a Data Age
In April 2015, the Gorkha earthquake hit Nepal—the worst in more than 80 years. Hundreds of thousands of people were rendered homeless and entire villages were flattened. The earthquake also triggered massive avalanches on Mount Everest, and ultimately killed nearly 9,000 people across the country.
Yet for all the destruction, the toll could have been far greater. Without mitigating or in any way denying the horrible disaster that hit Nepal that day, the responsible use of data helped avoid a worse calamity and may offer lessons for other disasters around the world.
Following the earthquake, government and civil society organizations rushed in to address the humanitarian crisis. Notably, so did the private sector. Nepal’s largest mobile operator, Ncell, for example, decided to share its mobile data—in an aggregated, de-identified way—with the the nonprofit Swedish organization Flowminder. Flowminder then used this data to map population movements around the country; these real-time maps allowed the government and humanitarian organizations to better target aid and relief to affected communities, thus maximizing the impact of their efforts.
The initiative has been widely lauded as a model for cross-sector collaboration. But what is perhaps most striking about the initiative is the way it used data—in particular, how it repurposed data originally collected for private purposes for public ends. This use of corporate data for wider social impact reflects the emerging concept of “data responsibility.” And while its contours are still being defined, it is increasingly apparent that data responsibility can play a transformative role in fostering positive public ends—including the way we respond to natural and other disasters, and in our work toward achieving the Sustainable Development Goals formally adopted by the United Nations last year.
Platform Launched for Affordable Corporate Social Responsibility Approach
RSI helps companies to save money, human resources and reduces audit-fatigue among their suppliers. – Photo WFSGI
OSTERMUNDIGEN, Switzerland – The World Federation of the Sporting Goods Industry (WFSGI) is opening up the Responsible Sport Initiative (RSI). This is a platform that helps sporting goods as well as bicycle companies to efficiently implement unified corporate and social responsibility standards.
The RSI has been launched last year at the initiative of bicycle companies in the WFSGI. This year the federation is encouraging bicycle companies that are not a WFSGI member as well as companies from other sectors of the sporting goods industry to take part. “We see huge potential for sports companies to work together, to sustainably promote and monitor corporate and social responsibility standards throughout the industry,” says Marc Magnus, trade and corporate responsibility manager at the WFSGI.