Thai firms may need CSR for European ties
Sweden, for one, looks for social responsibility in the companies it does business with.
- Published: 28/11/2011 at 02:24 AM
- Newspaper section: Business
It is widely believed that while big companies involved in exporting know a lot about the importance of corporate social responsibility (CSR), smaller companies don't care very much.
The biggest challenge in Asian countries can be explaining what CSR is, especially when small companies and investors look at it as a cost, as they are likely to equate it with philanthropy.
But now that CSR plays a larger role in global development, it is also a tool for free trade as businesses that do not take responsibility for their actions might face sanctions.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
About the author
- Writer: Nanchanok Wongsamuth
- Position: News Reporter
Latest stories in this category:
- Gold prices for Thursday
- Leading change with high flexibility
- Supalai warns of risks ahead of new city plan
- Private sector lauds two decree approvals
- TUF eyeing European companies to meet goal
- Q2 electronics recovery 'vital' for export sector
- TTA steams back into black on higher rates
- Egco eager for upsurge in foreign acquisitions
