Hong Kong firms lagging on CSRFebruary 2009
Most leading Hong Kong listed companies ‘fail to adopt sound corporate social responsibility policies and practices, particularly associated with supply chain, environment and workplace’.
The criticism is voiced in Oxfam Hong Kong’s new publication Corporate social responsibility survey of Hang Seng Index constituent companies. John Sayer, Oxfam Hong Kong’s director-general, said the companies in the survey could also improve on their disclosure and transparency.
The consultancy CSR Asia conducted the survey, which considered seven key areas following internationally recognized standards such as the Global Reporting Initiative Guidelines and the FTSE4 Good Sustainability Index.
The report’s recommendations included the gradual adoption of the GRI Guidelines and their related sector supplements into sustainability reporting regimes.
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