Adhering to and practicing the values of being socially responsible to the people and the environment are the main reasons for the positive outlook people have on corporations in this part of the world, President Benigno S. Aquino III said Wednesday night.
In his speech keynoting the 10th Asian Forum on Corporate Social Responsibility held at the Edsa Shangri-La Hotel in Mandaluyong City, the President said the latest economic and social crisis sweeping the globe is not wreaking havoc in the Asian region precisely because of corporate social responsibility.
“While of course there will always be exceptions, here in our region, corporations —especially the ones more active in their humanitarian endeavors— are generally seen in a positive light,” the President said.
This he said, has allowed the people to “recognize the value that business can bring to a nation (and) see the opportunities and the possibilities, and realize that corporations and individuals can empower each other and partner toward the achievement of a just society.”
“I believe that this is partly because many Philippine and Asian corporations have been actively engaged in Corporate Social Responsibility activities,” the President said.
“Many, if not all of you present here today have made the conscious decision to play a greater role in the communities in which you do business,” he added.
“Realizing that you do not live and work in a vacuum, you have done your best to help ensure that the people living in the societies in which you operate are given the chance to live a more dignified life,” he said.
He enjoined other corporations to embrace and exert more effort to implementing values of corporate social responsibility in its operations and processes, saying the practice of such programs will “ultimately lead to a more stable business environment.”
“It is, at the bottom line, an investment: in an empowered consumer and professional base, in a more equitable world, and in the future of humanity,” the President said.
“In fact, corporations can do this simply by being aware—by being observant of what’s going on around them, and by acting promptly on the concerns of the people. Now, more than ever, corporations and governments alike must continue to address the yearnings of the people: social justice, accountability, and inclusive growth,” he added.