Corporate social responsibility increasingly key issue for firms

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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