This action might not be possible to undo. Are you sure you want to continue?
The CSR Diges e st
Exploring the Corpora Conscienc g ate ce
The CS Digest is a web-based SR content on corporate social responsibility (SRI) and sustain nable and res sponsible
publica ation, set to provide quali p ity
Malay ysia: CS Repor Card 2008 - Part SR rt 1 (Ma arketpla ace)
with 2 c comments Quite a number of corporate s social corpo orate social respons sibility (CSR issues were highlight in the press in R) ted p CSR ang in the ne gle ews was no explored. ot
investm ment (SRI). Th CSR Diges he st hopes t make CSR accessible to to R all. The Digest is also currently a e so feel free to send your conten nt or pres releases to us at editor ss o r [at] csrdigest dot co . om free dis stribution ele ectronic digest,
2008. H However, they might ha slipped past readers as the ave
This editorial, the CSR Digest’ inaugural piece, seeks to put ’s togethe a report c er card on how businesses fared on the CSR w t front in 2008, base on press clippings a ed s and news re eported during the year. But first t, • • • •
About t CSR Dige the est Sign Up For CSR Dig p gest Newsletter Malaysia: CSR Repo Card 2008 ort 8 Part 2 ( (Workplace) Malaysia: CSR Repo Card 2008 ort 8 Part 1 ( (Marketplace)
Lat test on the CSR Digest t
What is CSR? ?
In Malay ysia, there is a growing understan g nding that CSR is no C longer j just an option, but a necessity (for example, see the Internat tional Busin ness Report (IBR) 2008 compiled by Grant b action, the governm ment has se aside RM100 mill in the et
Thornto International). Furth on hermore, to spur businesses into recent B Budget to go towards C through the Amal Jariah CSR h J program which wa launched in 2007 in a bid to repair the m, as d n homes of the hardcore poor.
Subscribe to CSR Digest R
Sub bscribe in a reader r
Some suggest that the usual c t charity drive and phila es anthropy initiativ are not e ves exactly wha CSR is all about. The World at
Con nstruction b Leonard C by Clagett
Busines Council fo Sustainable Develop ss or pment descr ribes CSR as
• • • •
CSR Dig gest Editorial Marketplace Transparency Workplace
Fuel hea alth and safety M MalaysiaMelam mine migrant workers Tollunions s
As such. Time Engineering Berhad’s Managing Director. The continuing commitment to behave ethically and contribute to economic development while improving the quality of life of the work force and their families as well as local community and the society at large. and On this basis. or faltered. several companies came under criticism for lack of transparency. integrity as well. Page 2 . and in some cases. the public called for detailed accounts from the Malaysia oil giant. there are a number of instances where Malaysian businesses have come under scrutiny in 2008 for either not having measured up. Malaysians should not be as affected by the increase in the fuel. Fuel The issue began in the first quarter when the government withdrew some of the petrol subsidy. The public directed their discontent to Petronas. the community becomes more prosperous. was reported to have described CSR as A tacit social contract between the two parties. conditions of the community it operates in. The rationale was that since Malaysia world fuel price. Amiruddin Abdul Aziz. Marketplace This year. For a local definition. When the company helps to improve the this ensures the company’s survival. in their CSR duties. leaving consumers with a hole in their pocket when it came to their spending on was an oil producing nation.
news reports did not highlight Grand Saga’s CSR duties in this situation.wanted to know why the total profits of toll operators were RM20. Since 2006. reached a head in May of 2008. and allegations of the police brutality made the headlines. was reported to have countered these calls by stating that Petronas’ annual accounts were made public. said November that the documents had indeed been re-classified under the Official Secrets Act 1972. the stand-off between Bandar Mahkota Cheras (BCM) residents and toll operator. Many wanted to the toll concessionaires’ contracts declassified under the Official Secrets Act 1972. government intervention. the role of the court (which threw out the 3 Page BCM resident’s application for an injunction). . forcing Grand Saga RM0. The Malaysian public. Khairy stated that the company was tasked with safeguarding the nation’s most important natural resource on behalf of the people and. Instead. Meanwhile. In 2006. members of the opposition also called on Petronas to make itself more transparent. was reported to have said. with 5. including members of Parliament. Mohd Hassan Merican. Ramon was reported to have said that the company had been practising accountability. disseminated to various bodies.77bill. Petronas’ accountability has been under heavy scrutiny due to its low ranking in the the World’s Most Sustainable and Ethical Companies survet. and it was up to the people to scrutinize the reports before criticizing. Grand Saga Sdn Bhd.” However. Khairy Jamaluddin. The good news is that Works Minister. Petronas president. should be held to a higher level of scrutiny. as the general feeling was that the agreements were lopsided and profited the toll operators.90 toll per trip. Ramon Navaratnam. Aliran. a few stood in defence of Petronas. Anil Netto. and a digital copy Rembau MP. Tolls Tolls came under public siege when fuel prices went up. Grand Saga built a three-feet high concrete barrier to block an access road to the BCM township. with reports stating that Grand Saga rebuilt the barricade no less than three times. and paying The barricade was destroyed by residents and commuters. All but one of the concessionaires agreed to making the documents public. Again. treasurer of reform movement. On a related matter. Todate. announced in increasing cost. “Petronas belongs to the Malaysian people… We should not be treated like corporate shareholders entitled only to the bare minimum information about a company. was reported to have said that this was not enough. including Transparency International president.000 printed copies available for download on its website. it is not clear whether Petronas will reveal more detailed accounts. Datuk Mohd Zin Mohamed. “therefore. beginning Jan 1 of next year. faced with to be at the expense of the people. residents and commuters to travel an additional six kilometers to the toll plaza.
Former Pempena chairperson. Price Waterhouse Coopers (PWC). In November this year. Toll concessionaires were not oblivious to the public perception on their corporate social motorists using the North-South Expressway (NSE) and North-South Expressway Central Link (Elite) Highway from midnight until 7am. million in June 2008. was reported to have The Oriental Daily’s Lim Sue Goan asked what had happened in from 2006 to 2008 to cause Pempena such a tremendous loss. failed investment projects. and whether proper professional evaluation and procedure had These questions are important. released to the press a five ‘non-functional companies’. Nasional and the Employees Provident Fund (EPF) directly or indirectly control about 74% of Fraud? Newspapers have highlighted the scandal surrounding Pempena Sdn Bhd. responsibilities. although Pempena is not a public listed company. and felt that it was a publicity stunt. Plus Expressway Bhd announced a toll rebate incentive for Liew Ching Wen of the Oriental Daily reported that only 10% of car owners would be able to enjoy the rebate incentive. including The reason why Pempena created headlines was the relationship between this private limited company to the Tourism Ministry.4 mill into 24 companies. PWC recommended that Pempena pull out of these investments. independent audit firm. as it might appear to be a cosmetic exercise. and 4 Page therefore not subject to the Malaysian Bursa requirement. obliging listed companies to include a CSR statement in its annual report. with Khazanah Plus. Lim also questioned who in Pempena approved all the been followed. The journalist also reported that the public might view the measure negatively. To counter this. Losses by Pempena were reported to amount to RM20 said that the company made a profit of RM50 million from 2004 to 2006. Kee Phaik Cheen. which would incur a loss of about RM20 mill to the company. Liew also noted that that the government is the largest shareholder of Plus. report revealing that the company had invested RM54. .
roducts. Fuel Malaysia: CSR Report Card 2008 . Khong the reta shelf. In t meantim biscuit manufactur ail the me. like th rest of th he he world a also experienced the melamine poisoning sca are. Marketplace. Melamine. Melam mine In terms of businesses’ responsibility tow wards consu umers. The contaminan in the bis nt scuits was fo ound to be from ammonium bicarbona m m ate. 2008 at 11:15 am er Posted in CSR Digest E n Editorial. T Toll. while the compan recalled it products from t ny ts s Next we week CSR Rep port Card 2008 . be w Khong G Guan respo onded admir rably to the alert. entified to b tainted with the toxin. sourced from Chin used to bake the pr d na. rers in the c country agre eed to send in d their pr roducts for v voluntary te esting.Part 2 (Workplac ce) • • • Deaths at construction sites Ma alaysian Nike contract f factory not reaching Ni ike’s global standards Ma alaysian com mpanies upg grading employees so that they ar ineligible to join uni re e ions Written b Daniel Edit by Decembe 3. Khong K Guan an Kian Gua were ide nd an. Mala aysia. Guan’s factory in S Sabah stopp ped product tion. while products fro local bis ty om scuit manuf facturers.Part 2 (Workp place) » Page 5 . The Hea alth Ministry took swift steps y t to ensure the safet of the public. Transparency Tagged w with Malaysia.
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue listening from where you left off, or restart the preview.