ssteinhagen Submitted by
Susan Steinhagen

Malaysian Premier urges businesses to give back to society

17. March 2010 08:44

Malaysian Prime Minister Datuk Seri Najib Tun Razak, in a separate CSR award ceremony, urged business leaders to give back to society by helping the needy through CSR initiatives. He said businesses and corporations did not operate in a vacuum as they were part of society and depended not only on their stakeholders but society at large for their existence and operations.

 "It is clear that we need to move CSR up the business agenda and embed it into the DNA of every company. This presents an enormous challenge, as well as a huge opportunity to get things right from the start," he added.

 Najib said the government had demonstrated its commitment to push the CSR agenda by stressing on holistic and sustainable development in the 2010 Budget. Companies, he said, were required to integrate aspects of CSR as part of business sustainability and it was mandatory for them to disclose the CSR activities in their annual reports.

He presented awards to winners of eight categories and the overall award went to national oil giant Petronas which also bagged the education, culture and heritage awards.

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Categories: CSR | Corporate Social Responsibility

jbee Submitted by
John Bee

Developing micro-businesses: ice cream street selling

13. October 2009 16:18
The ice cream street selling business gives people the opportunity to develop their own business and helps small and medium scale entrepreneurs to become micro-distributors. While Nestlé invests in freezers, vending carts and motorbikes, the micro-distributors provide capital for buying the products which the NESTLÉ Ice Cream vendors sell.

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Categories: Rural Development

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Amir Dossal from the United Nations Office for partnerships explains why the private sector - with its expertise, technology, management skills, and global reach - must be encouraged to "invest its creativity" in the Millennium Development Goals.

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Water management

How can we solve the world's water crisis?

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The non-profit organisation, International Development Enterprises (IDE) Cambodia, was awarded the first Nestlé Prize in Creating Shared Value for a rural development project which aims to improve the living standards of the Cambodian rural population by increasing agricultural productivity and income.

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