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CSR Malaysia

Friday
Jan 27th
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Malaysia's Oldest Conglomerate Under Corruption Probe

Sime Darby Berhad is currently under investigations by the Malaysian Anti-Corruption Commission (MACC) on the massive losses suffered by the conglomerate. The commission will begin by probing the internal enquiry carried out by the company. According to the NST, Sime Darby’s internal investigation, said to have been initiated in 2009, is to ascertain the extent of losses in its energy and utilities division and whether there was any activity going beyond bad investments.

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Malaysia
Energy Company Goes Full Force in Education

Malaysian energy giant, Tenaga Nasional Berhad, are giving students sponsored by their foundation, Yayasan Tenaga Nasional (YTN - Tenaga Nasional Foundation), the opportunity to help with the company's corporate social responsibility (CSR) programme. According to a news report, YTN Director, Azman Zakaria, said this is to expose students to the practicalities of  what they have learnt, particularly in corporate social science.

Asia
Empowerment of Women in Asia Laws and Issues

By Jing Lau

 

Women in general face barriers in climbing the upper levels of management, a stark reality in Asia. The number of women in the workforce and in management has been small and slowly decreasing. Nevertheless, women participation in a male dominated arena is getting stronger.  Below is comparison of laws and issues facing women in some Asian countries.

 
Social Investment
UK: Carbon Risks in Investments Badly Managed

A recent report commissioned by the WWF-World Wide Fund For Nature stated that the greenhouse gas (GHG) emissions of 2,380 companies invested in by 118 equity funds in the United Kingdom exceeds 10 billion tons globally per year. The report, analysed by Trucost and Mercer, found that since the funds analyzed own approximately 1.4% of the total market capitalization of these companies, their ownership responsibilities amount to about 134 million tons of carbon dioxide-equivalent (CO2-e) emissions annually, or 22% of total UK GHG emissions.

Events
Embracing The Next Generation of Corporate Citizenship With greater consumer sophistication, awareness and expectations, corporate social responsibility (CSR) is an issue that companies cannot afford to ignore. Research has revealed that organisations that ignore social priorities may lose some competitive advantages in terms of gaining market share, attracting top talent and employee retention.
 
Middle East
Qatar: Anti-Corruption Priority with the UN Compact

The UN Global Compact expressed broad business support for the setting up of an effective monitoring mechanism for the United Nations Convention against Corruption. At the Convention’s Conference of State Parties in Doha, Qatar, Head of Anti-Corruption Initiatives in the Global Compact Office, Olajobi Makinwa, emphasised the importance of the Global Compact as a voluntary framework for addressing Anti-Corruption in both the private and public sectors.

World
Breaking the Constraints of GDP Accounting: The Happy Planet Index

 By Jack Hall

In 1947, the development of the United Nations System of National Accounts marked the point in time when nations across the world started to become judged on their Gross Domestic Product (GDP) ahead of all other factors. Since then, the pursuit of growth in the name of an increased GDP (and consequently, national performance) has produced a globally recognised justification for the inefficient utilisation of natural resources, the extensive degradation of the world's environment and the exploitation of those unfortunate enough to be born into lives destined for the bottom of the value chain.

 
Environment
Eco Rangers hits first anniversary Toyota Eco Rangers, UMW Toyota Motor's tree-planting programme, celebrated its first anniversary recently. The event was marked by an awards ceremony to participating schools for their environmental efforts. Twenty-two participating schools received the Green Merit award for their efforts in the programme.
 

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