Guidebook for Sustainability and Corporate Social Responsibility by the French Chamber of Commerce in Singapore
As part of its efforts to promote business sustainability, the French Chamber of Commerce in Singapore (FCCS) recently launched a new publication, Guidebook for Sustainability and Corporate Social Responsibility, which is tailored for the small and medium-sized enterprises (SMEs) in Singapore.
The guidebook aims to inspire SMEs to engage in sustainability and to provide them with practical guidance and tips.
You can read online or download the free Guidebook for Sustainability and Corporate Social Responsibility at the FCCS website.
The guidebook begins by explaining the rise of social and environmental expectations in Asia and Singapore, and introduces the concept of sustainable development and corporate social responsibility (CSR), including the new ISO 26000.
Next, the guidebook shares some of the drivers and benefits for SMEs that embrace sustainability and CSR, such as:
- Complying with clients’ requirements along the supply chain
- Being a preferred supplier through sustainability initiatives
- Gaining access to finance and funding
- Benefiting from awards and recognition
- Improving employees’ commitment
- Saving costs and anticipating future regulations
- Building capacity for innovation
The guidebook recommends that SMEs adopt the continuous improvement approach of Plan-Do-Check-Act when implementing sustainability initiatives.
1. Conduct an initial assessment
If your company is interested in sustainability, first understand the main opportunities and risks for engaging your company in sustainability, identify the steps that your company is already taking on sustainability, and list the topics on which your company wants to take action.
2. Plan – Design policy and objectives
Your company can start by defining a sustainability policy and its long-term objectives, and make commitments to international CSR instruments such as the UN Global Compact and ISO 26000. Next, formalise your sustainability policy and communicate it to your clients, business partners, employees and other stakeholders.
3. Do – Design and implement an action plan
Based on your company’s sustainability policy, define a roadmap with an action plan and a timeframe, including:
- Commitment of the top management
- Have a manager responsible for sustainability
- Identify the roles and responsibilities for managers of different departments
- Involve your staff
- Implement management systems and programmes related to human resources, health and safety, and the environment
- Identify, analyse and engage with your key stakeholders
4. Check and Act – Putting in place KPIs for monitoring and communicating
Your company should set sustainability KPIs (Key Performance Indicators) for monitoring your programme, checking if it is on track with the objectives, taking corrective action when needed, and using the indicators for internal reporting. You can decide to release a sustainability report to the public or to your stakeholders.
The Guidebook for Sustainability and Corporate Social Responsibility is a useful guide for SMEs in Singapore to learn more about how to implement sustainability and CSR in their business. Get your free copy or read it online now at the FCCS website.
Have you read the guidebook? What are your thoughts? Are you implementing sustainability and CSR in your company? What’s your experience? Please leave your comments in the box below.