Friday, October 15, 2010

News Update Doing good pays off for companies

By Ang Yiying

COMPANIES in Singapore are getting into initiatives to bring positive change to the community or promote good workplace practices.

Such initiatives come under the clunky phrase 'corporate social responsibility' (CSR), which has taken root deep enough for a series of annual awards to be launched to recognise the best efforts.

The Singapore Compact for CSR, a national body launched in 2005, this week gave out five awards and two 'special mention' prizes, from the 60 nominations it received.

ThaiExpress Concepts, which runs casual dining outlets such as Thai Express and Xin Wang Hong Kong Cafe, and real estate developer City Developments Limited (CDL) are among this year's winners.

ThaiExpress Concepts was recognised for hiring people with disabilities, former offenders, at-risk youth and senior citizens. These employees now make up 3 per cent of its 1,400 employees, a proportion that is likely to go up, said its head of human resources Terence Lim.

CDL has been honoured for its in-house commitment to environmental sustainability. It has been encouraging employees to recycle paper and save water and electricity.