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Singapore 'should lead way on CSR'

December 2004

Singapore should champion CSR in South-east Asia, an ethical business conference was told in July.

Asian companies have no choice but to practise CSR - it is demanded by shareholders, stakeholders, non-governmental organizations and the media, Professor Tommy Koh, the Singapore foreign ministry ambassador-at-large, said at the Asia Pacific CSR conference.

Koh, who is also director of Singapore's Institute of Policy Studies, told delegates: 'CSR serves both a company's external and internal goals. Whether you're a small or medium-sized enterprise, a government-linked corporation or a listed company, the time has come for Asian companies to embrace CSR.'

The benefits, he said, were better staff morale, and therefore greater productivity, and an improved reputation for the company, which would help to attract investors.


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