Asean CSR Network backs League of Corporate Foundations

The Asean CSR Network (ACN) continues to urge stronger multi-sector collaboration to promote corporate social responsibility (CSR) and responsible business practices across the Association of Southeast Asian Nations (Asean).

Established in 2011 by seven founding organizations representing six of 10 Asean-member countries, including the Asean Foundation, ACN has since advanced CSR as an integral strategy in putting the region on the course towards sustainable and inclusive socio-economic growth.

ACN’s founding organizations consist of the Philippines’ League of Corporate Foundations (LCF), Global Compact Network Singapore (formerly Singapore Compact for CSR), Indonesian Business Links, International Chamber of Commerce-Malaysia, Thailand’s Thai Listed Companies Association CSR Club, Vietnam Chamber of Commerce and Industry and the Asean Foundation.

The ACN, having been formally incorporated in January 2011 under Singapore laws, is being run by a Secretariat with a diverse group of staff represented by the member organizations that helped assure transparency and accountability towards stakeholders. The ACN is led by a Board of Trustees representing the seven founding groups.

To promote its vision of a sustainable development that works for all, the regional organization uses its platform to strengthen networking and partnerships for CSR, support capacity-building and training activities, and connecting regional and international bodies who share the same goal of enhancing CSR practice in the region.

Moreover, ACN promotes international standards on CSR practices such as the United Nations Global Compact Ten Principles and the ISO 26000 Guidance on Social Responsibility. The Network also formulated an Asean regional cooperation strategy that guides stakeholders in policy development and capacity-building, and aligning this as well with international standards and Asean goals and realities.

At present, ACN continues to engage with a wide range of partners composed of business networks, international agencies, academic institutions, and civil society organizations.

In the Philippines, the Network partners with the League of Corporate Foundations (LCF), one of its founding members, in promoting stronger collaborations for CSR and incorporating the United Nations’ 17 Sustainable Development Goals (SDGs) in local CSR frameworks.

In the LCF CSR Expo and Conference 2016 held at the Makati Shangri-La Hotel themed “Co-creating the Future through CSR,” ACN supports the event by arranging for Ong Boon Hwee to take up the role of guest-of-honor and keynote speaker. Ong Boon Hwee is the chief executive officer of Stewardship Asia Center (SAC), a Singapore-based thought leadership center that focuses on promoting stewardship and governance of companies and organizations across Asia. Ong Boon Hwee directs SAC’s efforts to develop and propagate a greater understanding of stewardship – a concept that emphasises safeguarding and enhancing an organisation’s ability to create economic and societal value over time.

The strong partnership of ACN and LCF was formed since 2010, when LCF was tapped by the ASEAN Foundation to lay the groundwork for its formation. The League organized consultation meetings and drafted the framework for the latter which was later on adopted by the other founding organizations.

The LCF CSR Expo and Conference, slated on July 14-15 this year, is an annual gathering of the business community, government and non-government sectors to discuss the latest trends, models and practices in CSR to come up with a streamlined framework for planning and implementing CSR efforts in the country and share best practices to support sustainable national development.

ACN and LCF share the same thrust of enabling responsible business conduct to achieve sustainable, equitable and inclusive social, environmental and economic development in the scope of their networks with the ultimate goal of contributing to the world at large.

Source: Tribune