BEthics Reports
BEthics Reports
BEthics Reports
A company must integrate its CSR practices into its culture and operations to
ensure they are authentic. This can be done internally or by a third party. Companies
should consider their values, business mission and core issues to determine which
initiatives align best with their goals and culture.
Values, reputation, and social and environmental activism are key to attracting
new customers, and Millennial employees are drawn to businesses that prioritize
people, planet, and revenue.
Recycling
Waste reduction
Reducing water consumption
Reducing energy use
Reducing plastic consumption
Using renewable energy providers
Reducing GHG emissions
Adopting sustainable transport policies
3. Ethical labor practices involve providing workers with legal, fair, and decent
treatment. The minimum employment act or standard must be met for an employer to
be considered ethical, but organizations can go beyond this by paying the living wage
or training and developing employees. It is widely believed that ethical treatment
requires organizations to go beyond the legal minimum. Paying the living wage or
training and developing your employees are examples of this.
Becoming a socially responsible business can be simple, but there are a few caveats.
1. Don’t choose unrelated initiatives. Avoid charitable efforts that are not related to
your business focus or violate ethical standards. Instead, find a nonprofit that your
company believes in and invest in it.
3. Don’t wait for the industry to catch up. Adopt socially responsible norms early
on to set the bar and refine your process. [Related read: 14 Examples of Socially
Responsible Businesses] CSR initiatives can have a positive impact on both
consumers and employees, making a real difference in the world.
OBJECTIVES
1. The objectives of this Best Business Practice Circular 5/2013 (BBPC) are:
The CR Agenda does not place companies and businesses under an obligation to
work on specific corporate responsibility activities, but instead promotes that they
should be able to do so without compromising their business focus. It also encourages
companies to be more transparent about their work on corporate responsibility and
communicate their efforts to ensure they reap the optimum benefits.
Sime Darby began as a small British firm in 1910 and has since grown to over 25
countries. It has launched a subsidiary, Yayasan Sime Darby, to carry out
sustainability work and developed an in-house Child Protection Policy to address the
well-being of kids.
CIMB is one of the biggest investment banks in Asia Pacific, providing services
such as corporate banking, consumer banking, and strategic investments in Malaysia,
Thailand, and Indonesia. Their CSR division, CIMB Foundation, has contributed
RM76 million to community development, earning the first position in 2013 in The
Edge Billion Ringgit Club Corporate Awards.
Malayan Banking Berhad, also known as Maybank, is the fifth largest Islamic
bank in the world and has launched the Maybank Foundation to improve the lives of
communities. They have won several awards for their CSR programs, including the
Best Corporate Social Responsibility Reporting Award (Platinum) at the National
Annual Corporate Reporting Awards (NACRA) 2015.
The Telenor Group was one of Forbes' 100 World's Most Innovative Companies
in 2014, known for creating social-economic developments and assisting companies
with technology advancement. DIGI's program helped 38,098 school kids and 130
ICT teachers understand online safety methods.
Petronas is an oil and gas company founded in 1974 and owned by the Malaysian
Government. It is in the Fortune Global 500's largest corporations and is known for its
CSR activities, such as supporting health and safety, environmental conservation, and
promoting education. It also sponsors community-based activities such as science and
exhibitions, and drug prevention.