New project promotes corporate responsibility

Vietnamese enterprises will be encouraged to adopt socially and environmentally responsible behavior under a two-year, US$2.5 million project signed Wednesday.

The Vietnam Chamber of Commerce and Industry (VCCI) and the United Nations Development Program (UNDP) said in a joint press release that the project would support the adaptation of a number of international agreements and conventions that relate directly to business operations.

While philanthropic activities remain a part of corporate social responsibility (CSR) strategies, the VCCI-UNDP project will work to ensure that this becomes a core part of any business strategy.

The project will promote CSR through the local UN Global Compact network launched in Vietnam last year. The network is a voluntary corporate citizenship initiative that calls on members to embrace core principles including human rights, labor standards, environment, and anticorruption.

Source: thanhnien