a course that enterprises have to take as their decision-making and conduct of enterprises should be supervised by non-profit organizations, institutional investors and consumers, according to the Taiwan Corporate Social Responsibility Association (TCSRC). The TSCRC, led by associate Kang Pao-jung at National Chengchi University’s Department of Accounting, was established recently as a private organization exclusively to promote CSR.
TCSRC officials said that as quite a few foreign enterprises have published CSR reports and set up departments on the issue of corporate social responsibility, the TCSRC will hold saloons and forums to discuss CSR-related topics, so as to help local enterprises develop a healthier concept of it.
In advanced countries, the officials said, consumers are quite concerned about the quality of producers and distributors, forcing leading enterprises to work out a code of conduct to assess the performance of social environment responsibility (SER) of their distributors.
Furthermore, such famous international financial mechanisms as the Dow Jones Sustainability Index and FTSE 4 Good Index have evaluated the SER performance of listed firms, in a bid to encourage them to pay attention to their social and environmental responsibilities, the officials said.
They continued that enterprises can no longer regard corporate social responsibility as a secondary issue; instead they should put it as a core subject in the corporate management.
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