HK companies lag behind in social duties-survey
(CRIENGLISH.com)
Updated: 2006-07-19 10:42 A survey conducted by CPA
Australia has revealed Hong Kong companies lag behind Singapore and Malaysia in
fulfilling corporate social responsibilities.
The survey, which interviewed 350 qualified accountants and associates in the
three regions, found only 16 percent of Hong Kong residents agreed the
firms fulfilled corporate social responsibilities, compared with 40 percent in
Singapore and 30 percent in Malaysia.
Only 43 percent of Hong Kong respondents said the organization they worked
for acted in a socially responsible way, whereas 62 percent of Singapore
respondents and 57 percent of Malaysia respondents said their organizations were
socially responsible.
Hong Kong also scored the lowest when asked about listed companies and the
government acting socially responsible, with only 27 percent of the respondents
saying they did. Thirty-four percent of the respondents in Malaysia and 45
percent of the respondents in Singapore said government and listed companies
played a socially responsible role.
CPA Australia Hong Kong China Division Derek Lai explained Hong Kong
companies tended to focus on short-term business profits, concentrating less on
social responsibilities as it required long-term planning
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