Corporate social responsibility (CSR) is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives while at the same time addressing the expectations of shareholders and stakeholders.
Business Circles finds out what some Malaysian companies are doing with their initiatives. BC talks to Renuka Indrarajah, Director of the Foundation Management Committee at the G.A.B. Foundation on their efforts to rehabilitate Sungai Way.
Business Circle also hears from Norliza Kamaruddin, the Country Head of Corporate Affairs at Standard Chartered Malaysia on the Standard Chartered Park in Kuala Lumpur.
Located between Jalan Pinang and Jalan P. Ramlee, the park is walking distance from the Kuala Lumpur City Centre.Surrounded by skyscrapers in the air and heavy traffic on the ground, the park is a welcome oasis of greenery and tranquility in the bustling city centre.