How do Singapore based companies engage their employees around sustainability and CSR? This was the question that prompted me to interview eleven organisations over a four month period to share bright spots that other companies could emulate. The result: an online 42 page resource entitled, ‘The Sustainability Toolkit: A framework for engaging employees for CSR – Using best practices from Singapore based organisations, that is available for free download here.
Why engage employees in CSR: The Business Case
There is increasing pressure on companies from a range of stakeholders to operate in a manner that is socially and environmentally responsible. Companies who respond proactively rather than reactively to legislative and stakeholder pushes, are more likely to experience several benefits. In particular, as research shows, organisations that engage their employees in the process are more likely to:
- Attract quality talent who want to work with responsible companies
- Retain quality talent as it improves employee loyalty
- Lowers absenteeism with improved engagement levels
- Innovate more for competitive advantage, as employees are a source of ideas for sustainability
- Maintain their reputation and branding, as employees are the touch points with customers, suppliers and members of the public, and reflect the company’s culture
7 key elements surfaced in our interviews with the 11 Singapore based organisations that are important for engaging employees in CSR: Read more
NTUC FairPrice is taking the first steps to measure and reduce food waste in its supermarkets. So far, FairPrice is the only supermarket retailer that has publicly commit to food waste reduction efforts, and this leadership is something that the other supermarket retailers need to follow.
After two years of consultative study under its Food Waste Framework, FairPrice today announced a Food Waste Index to track and sustain food waste reduction efforts, which is a first in the Singapore supermarket industry. The Food Waste Index measures the annual total food waste against the total retail space of all FairPrice stores, and will enable FairPrice to track its progress on various food waste reduction initiatives. Read more
The annual International Singapore Compact CSR Summit was held today by Singapore Compact, and provided a platform for companies and thought leaders involved in CSR (corporate social responsibility) to discuss how companies can maintain sustainable growth through adopting CSR and engaging stakeholders to achieve a balanced triple bottom line.
The CSR movement has grown in importance and relevance, and companies can no longer ignore the need to embrace and embed CSR in their businesses. Mr Kwek Leng Joo, President of Singapore Compact, shared that only one-third of the listed companies in Singapore communicate their CSR and sustainability initiatives to stakeholders through various channels, and only 32 companies produced CSR reports in 2013 according to the Global Reporting Initiative (GRI) database. Read more
By Jovin Hurry
No shortage of good projects. Neither of money. To get green private investment, it’s all in the communication, and here’s how to.
A typical recurring storyline in the fight against global warming is that climate-friendly technologies have slow adoption in developing countries. The reasons cited are shortage of good projects and shortage of investment funds. The Climate Technology Initiative (CTI) thinks otherwise.
“The CTI sponsored a series of workshops and consultations with the relevant private and public sector players that led to the conclusion that there was not a shortage of private sector investment, and there was not a shortage of good projects,” said Mr. Elmer Holt, CTI Manager and Executive Committee Vice Chair. Read more
In its 5th year, the annual International Singapore Compact CSR Summit highlights the growth of corporate social responsibility (CSR) in Singapore over the years and looks at the way forward. Organised by the Singapore Compact for CSR, this year’s summit saw over 460 delegates and guests coming together to learn and share ideas and experiences on CSR.
Here are three messages from the summit, which we feel is important in shaping the way forward for CSR in Singapore:
1. Explore beyond CSR to social innovations
In her opening speech, Madam Halimah Yacob, Speaker of Parliament, said that it is heartening to see the growth of CSR in Singapore, where there is now growing awareness of CSR among companies, and it is almost a given for companies to have in place corporate philanthropy and volunteerism programmes to give back to society. Read more