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StarSpecial CSR
2 CSR
Bringing young
entrepreneurs to the fore
Winners of the Money & Math Challenge from SJK (C) Puay Chai 2 with their trophy and mock cheque. Looking on is Raymond
Leung (far left), group chief operating officer of Alliance Bank.
children below the age of 12.
Young adults in college are not
left behind either. Upon invitation,
the bank has been conducting
financial management talks on
specific subjects such as wealth
management and investments at
local colleges and universities.
Investing in continuous
education
Alliance Bank also runs various
financial management initiatives
to cater to the different Malaysian
demographics to enable them to
make informed decisions.
Many say that education begins
at home and it is the same case at
Alliance Bank.
The bank understands that
its staff also appreciate financial
planning and wealth management
advice and thus holds various
programmes regularly to help
them and their children make
informed decisions about their
investments and plan their fiscal
future.
The well-received Alliance
Expert Series continues to grow
since its inception two years ago.
The series features three financial
experts who participate in a
forum to discuss local and global
markets as well as investment
The finalists of the SME Innovation Challenge work on their assignments at one of
the training sessions.
Alliance Bank
believes that
awareness and
education are the
foundation on
which the success
of a nation and
its people stand
upon.
opportunities to the public.
To date, the bank has held more
than 26 Expert Series sessions in
various locations in Malaysia. The
annual Alliance Corporate Day,
hosted by Alliance Investment
Bank, avails insights from wellknown market players and
consultants for the benefit of its
institutional clients.
In strengthening its
commitment and partnership
with the small and medium
enterprises (SME) community,
Alliance Bank launched the
BizSmart Academy last year, a
first-of-its-kind holistic approach
combining business education,
coaching and funding for young
entrepreneurs.
The BizSmart Academy is the
banks 360o proposition to help
SMEs accelerate their businesses
through business support,
business networking, advisory
services as well as formal and
informal learning.
The online knowledge centre,
found on www.BizSmart.com.my,
features articles on marketing,
technology, branding, human
resource and much more to enable
businesses to grow profitably and
sustainably.
Existing customers can also
sign up for relevant business
seminars via the online site.
The BizSmart Academys
annual Young Entrepreneurs
Conference (YEC) is one of the
highlights of the young SME
segments calendar.
Commended for its relevance
and networking opportunities, the
TED talk-styled conference focuses
primarily on issues faced by young
Malaysian SMEs.
It features a well-balanced mix
of successful young and seasoned
entrepreneurs who share stories of
their SME journey.
This years YEC, held in Kuala
Lumpur in July, was a soldout event and featured seven
entrepreneurs as speakers.
The KL event was attended by
more than 1,000 participants.
During the YEC2014 in Kuala
Lumpur, the #bizsmartacademy
hashtag was one of the top 10
trending topics on Twitter from
the active online chatter of
YEC2014 delegates.
A smaller scale YEC2014 was
organised in Penang where 350
people attended. Perhaps the
most novel aspect of the BizSmart
Academy is the Banks SME
Innovation Challenge.
Launched in tandem with
the academy last year, the
Alliance Expert Series speakers and organisers at the August 2014 session. They
are (from left): Sim Lian Si, senior vice-president, head of investment and treasury
products, Alliance Bank; Aaron Loo, executive vice-president, head of group
consumer banking, Alliance Bank; Mohd Zayd Zainal Abidin, manager, enterprise
transformation, Bursa Malaysia; Sue Tang, senior vice-president, head of share
trading and investment lending, Alliance Bank; and Cheah King Yoong, vicepresident, equity research, AllianceDBS Research Sdn Bhd.
StarSpecial
4 CSR
Meeting commitments
by creating shared value
T
It acknowledges trade-offs
between short-term profitability
and social or environmental goals
but focuses on the opportunities
for competitive advantage from
building a social value proposition
into corporate strategy.
CSV is a main component of
Nestls business strategy in
fact, it is at the very core of its
existence and part of a legacy set
by its founder Henri Nestl.
Henri Nestl founded the
company in 1866 on the success of
a life-saving infant formula.
As a chemist and pharmacist,
he was aware of the high infant
mortality rates at the time but was
especially concerned about the
plight of a neighbours baby who
was unable to breastfeed.
He had already started work
on an infant formula and was able
to produce a viable powdered
milk product, which was easy to
prepare.
This was the beginning of a
legacy that has lasted until today.
Nestl aims to enhance the
quality of life of its consumers
by offering tastier and healthier
food and beverages, as well as
information and services to enable
them to make informed choices at
all stages of life.
Nestl is also investing in the
Tan Sri Datuk Seri Syed Zainol Anwar Jamalullail, Nestle Malaysia chairman (left),
and Alois Hofbauer, region head of Nestl Malaysia and Singapore, at one of the
contract chilli farms in Kelantan.
Programme in Malaysia
entails the implementation
of two components that run
concurrently:
l Primary schools: The
Nestl Healthy Kids Programme
l Secondary schools:
Program Cara Hidup Sihat
(Healthy Lifestyle Programme)
The Nestl Healthy Kids
Programme is aimed at schoolgoing children, parents and
teachers. The programme
includes an awareness campaign
on nutrition and physical activity
that is done in an interactive
manner.
It also includes intervention
programmes that consist of
educational modules that focus
StarSpecial
6 CSR
Engaging customers
and employees
Publicity stunts and green
washing (dissemination of
disinformation to present an
environmentally responsible
public image) have driven the
public to become increasingly
wary of the motive of corporate
social responsibility activities,
which places the onus back on
companies to start being truly
responsible.
By showing the community
that you are serious about
mitigating the adverse effects of
your business on the people or
environment, you are building a
bridge of trust and acceptance.
After all, a satisfied customer
tells three or four people while an
angry customer passes the bad
news on to 10 people.
Referrals by satisfied customers
can do wonders for the growth of
a company.
Retaining customers is just as
crucial as recruiting new ones,
and maintaining a solid client
base is more plausible when social
responsibility is exercised.
Global brand Nestl, for
example, recognises the
importance of firstly creating
long-term value for society
in order to do the same for
shareholders.
Through its Creating Shared
Value approach, Nestl focuses
on creating value for society in
three areas nutrition, water
and environment, and rural
development which have the
greatest potential and influence
for joint-value creation.
These areas are core to our
business and it is also where
we can contribute most to the
society, says Alois Hofbauer,
region head of Nestl Malaysia
and Singapore.
A mutually
beneficial responsibility
CSR is no longer
an annual
altruistic
gesture but an
increasingly
important
component of
business strategy
that is being
integrated into
the proceedings
of several
corporations.
One of its water and
environment efforts is Project
RiLeaf, a reforestation and palm
oil sustainability initiative in
collaboration with Sime Darby
Foundation.
The riverine vegetation
restoration efforts along the
lower Kinabatangan River unites
the needs of people, nature and
agriculture to demonstrate how
CSR can be an effort of mutual
interest and co-existence for all
stakeholders.
The project engages local
community members and oil palm
smallholders, strengthening the
relationship between the company
and the community it serves.
At the same time, Nestl is
able to do its part in protecting
the environment while building a
respectable corporate reputation
as a responsible member of the
Roundtable on Sustainable Palm
Oil.
Human capital development is
yet another return of CSR. Nestl,
for example, seeks to foster a
holistic approach to work with
its employees through promoting
social responsibility.
An important message is
conveyed to employees their
skills and contributions not only
Spearheading innovation
and sustainability
CSR is closely linked with
the principles of sustainable
development, calling on
corporations to consider the social
and environmental consequences
of their activities instead of
putting profit-making first.
Society expects companies
to be good corporate citizens
and with the expedient nature
of information transfer today,
are able to identify companies
that fail to address their social
responsibilities.
Businesses that create and
carry out effective CSR initiatives
are not just being philanthropic;
they are being smart.
With the increasing
significance of the people, planet,
profit triple bottom line, being
socially and environmentally
conscious is vital in todays
competitive climate.
Companies have found that
incorporating sustainable
measures in their business and
products spur innovation and end
Maximising impact
to match needs
Tandemic is an enterprise
dedicated to innovation and
social change by engaging various
companies in building impactful
CSR strategies that address social
challenges.
Chief executive officer Kal
Joffres believes there are certain
approaches to maximising the
benefits of CSR to both company
and community.
The biggest impact happens
when a company adopts an
organisation for two to three
years getting to know them
and their challenges well and
implementing a whole set of
different projects to help them
grow, says Joffres. Companies
that focus their CSR initiatives
by investing for the long term
maximise potential impact on the
society they serve.
We need to move beyond
building good brand image as a
motivation for CSR, adds Joffres.
Instead, try to look for real
business benefits from doing
CSR. For example, a volunteering
opportunity can serve as team
building. A technology companys
prototyping workshops inspire
underprivileged teens to get into
electronics and they become
potential employees.
Companies have much to gain
from intelligently practising social
responsibility, which, considering
all the returns, is less of an
obligation and more of a smart
business move.
The best approach to CSR,
however, is still to give earnestly.
Joffres believes it all goes back to
the original intention.
These CSR initiatives cannot
be thinly veiled approaches to
selling products.
Instead, they need to be
grounded in the belief that if we
help people broadly, some of it
will come back to us.
>> TURN TO PAGE 7
CSR 7
ORPORATE social
responsibility encompasses
a three-fold bottom line that
involves people, planet and profit.
According to a 2013 report carried
out by the Massachusetts Institute
of Technology Sloan Management
Review on sustainability and
innovation, 70% of companies
across the US place sustainability
permanently on the top of their
management agenda.
Although providing aid to the
underprivileged is still one of
the most common CSR practices,
organisations have, over the
years, come up with creative and
innovative ways to carry out CSR
initiatives.
The main objective of any
business is to make money but for
this to happen, the business has
to interact with its employees, its
customers, suppliers and other
businesses.
CSR helps businesses maintain
good relationships, create a good
image and positive impact while
generating profit at the same time.
A good example is WPS Parking
Systems that is based in The
Netherlands. Quality, safety, the
environment, CSR and carbon
dioxide reduction are high on
the list of this international
organisation that offers parking
facility equipment as well
as maintenance and parking
management software and
services.
Carbon management, waste
reduction, and purchase and
supply of sustainable products are
all part of WPS Parking Systems
objectives and processes.
CSR helps
businesses maintain
good relationships,
create a good image
and positive impact
while generating
profit at the same
time.
Since 1989, The Body Shop
Foundation has been funding
various innovative charities. It has
also given funds to global projects
that are working towards social
and environmental change.
8 CSR
Opportunities aplenty
JCF is designed to help
marginalised and disadvantaged
students in accessing quality
higher education while moulding
them into dynamic leaders and
innovators.
The award is given to students
who have excelled academically
in school and are looking to obtain
an undergraduate degree from an
accredited institution of higher
learning.
Scholarships offered under
Sunway Education include
the Jeffrey Cheah Foundation
Community Scholarship, Jeffrey
Cheah Foundation-Sunway Group
Scholarship and Sunway Talent
Scholarships.
The Community Scholarship is
open for students 18 to 25 years
old from child welfare homes,
non-governmental organisations
(From left): Tan Sri Dr Jeffrey Cheah, AO, Jeffrey Cheah Foundation founding trustee; Tan Sri Datuk Muhyiddin Mohamad Yassin,
Deputy Prime Minister and Minister of Education; Henry Lee Min Rong, JCFs outstanding scholar who was given the opportunity
to pursue a four-year masters degree in engineering science at University of Oxford; and Liew Ziqing, the first Jeffrey Cheah
Foundation scholar to pursue a four-year masters degree in engineering at University of Cambridge.
or poor communities.
This award provides an
opportunity for underprivileged
young Malaysians to pursue
higher education on par with their
peers.
The JCF-Sunway Group
Scholarship is offered to promising
students in recognising and
rewarding their efforts and
achievements.
Sunway Talent Scholarships
on the other hand, recognise
co-curricular talents by offering
students a chance to undertake
university studies that suit their
learning abilities and interests.
It is open to students with
outstanding achievement in
sports and music who have
been successful in their chosen
discipline at state and national
levels thereby encouraging a
holistic education.
Besides scholarships for
outstanding students, there
are also several collaborative
initiatives with local media
entities and separate awards
available to Monash University
Malaysia students. Monash
University Malaysia is jointly
owned by JCF and Monash
University Australia.
Undergraduate, postgraduate
and research students stand a
chance to receive scholarships to
aid their pursuit of quality tertiary
education.
JCF takes its educational
Education is a
powerful lifetransforming
enabler, and it
acts as a tool to
enrich and improve
lives.
TAN SRI DR JEFFREY CHEAH, AO
corporate social responsibility
initiative one step further by
establishing ties with prestigious
foreign universities such as
Harvard, Cambridge and Oxford,
enabling a two-way flow of
scholars and researchers between
these institutions and Malaysia in
an effort to promote educational
advancement and excellence in
the region.
Sunway also offers reputable
programmes in partnership with
world-class institutions such as Le
Cordon Bleu, Lancaster University
and Victoria University.
The group aims to change
the landscape of education in
the country having pioneered
twinning programmes to propel
deserving scholars to the global
stage.
Community building
The foundation represents the
Greater good
Sunway Group believes in the
importance of nurturing wellrounded students by providing an
avenue of holistic learning.
At Sunways institutions,
students are exposed to a wide
range of clubs, societies and sports
that provide an extra edge to
students who seek knowledge and
experience in diverse fields.
Coupled with world-class
academia, students are primed
for a rewarding experience, which
will equip them for the future.
Guided by the philosophy of
giving, graduates are nurtured to
be socially-conscious individuals.
JCFs philanthropic efforts
are structured in perpetuity to
advance educational pursuits.
Through this foundation,
Sunway Education has conducted
substantial community works
by adopting a proactive role
in promoting and developing
sustainability, and continues to
do so until today.
n For more information, visit
www.jeffreycheahfoundation.
org.my or www.sunway.edu.my/
university/scholarships
StarSpecial
10 CSR
S Malaysias leading
telecommunications service
provider and broadband
champion, Telekom Malaysia
Berhad (TM) continues to play
a pivotal role in nation building
and its business and services have
made a positive impact, touching
the lives of communities and all
Malaysians that it serves.
TM is committed to creating
sustainable value for all its
stakeholders and in support of the
governments vision of nurturing a
knowledge-rich and skilled nation,
pays particular attention to its role
in helping to develop the nations
human capital through ICT,
innovation and entrepreneurship.
Greener footprints
Creative thinking
TM is collaborating with
Sasbadi Sdn Bhd on its new
initiative TMs Robotics
Programme under TMs Pintar
Programme.
Robotics is one of the
co-curricular activities under
the Ministry of Education and
it encourages students to be
creative and innovative through
experiential learning with the
Each TM Earth Camp
is held at six zones
across the nation.
Innovation
TMs continuous investment
in customer and supplier-related
ecosystems helps the organisation
deliver exceptional customer
experience.
TM is always willing to go a
step further for its customers and
has created an exciting and lively
marketplace while providing
compelling and relevant lifestyle
TM is committed
to enriching
the lives of its
stakeholders and
building Malaysias
human capital,
in support of the
governments
vision of nurturing
a knowledge-rich
and skilled nation.
and business communication
services.
The Radio over Fibre (ROF)
technology, G-FiWi, is an
alternative access network
technology. It has the potential
to support faster network
deployment at a lower cost,
especially in challenging
geographical environments.
TM R&D, a wholly owned
subsidiary of TM, has completed
the proof of concept by
transmitting triple-play content
at a minimum speed of 500Mbps.
TM R&D has been successful in
patenting this technology.
G-FiWi also received the
merit award for Best Research &
Development at the 2013 MSC
Asia Pacific ICT Awards. This led
to TM R&Ds accreditation with
an Order of Merit in material
engineering at the World Inventor
Award Festival (WIAF) 2013,
which was recognised by the High
Commission of the 2013 WIAF
StarSpecial 11
12 CSR
Participants of the Axiata Young Talent Program are thrown into real-life situations to improve their ability to think on their feet.
If we are a country
that aspires to be
a major economic
player and do
businesses on
a regional and
international scale,
we definitely need
competent CEOs.
That is the reason
we are reaching out
to the students to
develop the talent
pipeline even when
our future CEOs are
still in school.
DATIN BADRUNNISA
where the residential University
Leadership Development
Programme is delivered over
two weeks during the summer
holidays.
We select academically sound
students with leadership potential
based on evidence of them having
exercised leadership capabilities
in school. We then develop them
(From left:) Benjamin Ooi Tien Wei, Ain Nurfitrah Aidrul Hisham and Divya Darshini
Sivanandan have benefited from AYTP.
Alicia Tan Yen Fern (left) and Mohd Akram Mohd Yusof gained valuable experience
through the University Leadership Development Programme.
StarSpecial 13
14 CSR
Companies are
embracing social
media and the Internet
to deliver their CSR
messages.
Social media
has played
an important
role in many
successful social
responsibility
programmes in
recent years.
Two decades
ago, the Internet
was a new way
to gain access
to information
that would have
been unreachable
before.
companys touted philosophy that
purportedly embraces diversity
and inclusion.
After a huge public outcry,
Jeffries eventually issued a formal
apology but the damage was done.
The company still suffered
losses in profits and its reputation
suffered among its target
consumer group of those aged
between 18 and 34.
Share price for the brand
dropped by 40% last year.
On the other hand, one of
the earliest and most successful
companies that had improved
consumer awareness of its
products is Unilever, which,
through its Dove brand, tackled
Online engagement
matters
Social media is a relatively new
medium for businesses to reach
out to its consumers, potential
consumers as well as the society at
large. Some businesses are doing it
well, while others are still playing
catch up.
Regardless, social media is a
critical communication medium.
With this medium, companies
will need to not just improve their
business procedures, supplies and
products but they will also need
to meet the expectations and
behaviours of their consumers
that demand fair business
practices.
Yet, despite the growing
concern for social and
environmental issues that
further spur the interest in CSR
activities, 63% of respondents
in a 2012 CSRWire study said
that they do not know where
to find information regarding a
companys CSR efforts.
Furthermore, 55% of them
also claimed that they do not
understand the impact of buying
socially responsible products.
Evidently, there is clearly still a
lot of grounds for organisations to
cover to ensure that the message
of their CSR campaigns reach their
audience clearly and effectively.
Utilising social media as a
communication platform will
allow companies to engage with
a following of online users on a
more personal level, allow realtime performance monitoring and
share CSR-related information
concisely.
Social media is here to stay
as the new frontier in business
communication but unlike
traditional communication tools,
this is the one that consumers
use to discuss brands openly and
one the world pays instantaneous
attention to.
CSR 15
ORPORATE social
responsibility has been part
of the long history of Fuji
Xerox and is deeply ingrained into
its DNA and culture.
Joseph C. Wilson, founder of
Xerox Corporation, describes
Xeroxs corporate value and
business domain, Our value is
creating better understanding
among men. Our business
domain is promoting better
communication.
Former chairman of Fuji
Xerox Yotaro Kobayashi says,
Companies exist to serve society
and contribute to creating a better
society.
Kobayashi also established the
good company concept. Fuji
Xerox would be strong company
for shareholders, a kind company
for local communities and future
generations, and an interesting
or exciting company for its
employees.
These principals were
established 34 years ago and since
then all subsequent presidents
have set the same tone from the
top.
Tadahito Yamamoto, current
president of Fuji Xerox, teaches
the leaders and managers of the
company that CSR at Fuji Xerox
is synonymous with corporate
management and hence, they
aspire to live it out in every aspect
of the business on a daily basis.
Fuji Xeroxs journey started
in 1960 when there was a need
Companies exist
to serve society
and contribute to
creating a better
society.
YOTARO KOBAYASHI
Malaysia launched its first
Sustainability Report 2013 and the
journey continues.
Fuji Xerox Malaysia continues
to embark on its CSR journey by
16 CSR
Typically, private
foundations are
established by
economically
well-to-do
individuals who
are more often
than not big
names in the
global business
community.
Economic development
The Bill, Hillary & Chelsea
Foundation was established
by the former president of the
Transparency
Economic growth and equal
opportunity cannot really happen
in a country with an unstable
government.
Two foundations that
fund projects that focus on
development programmes on
accountable and democratic
governance are the William and
Flora Hewlett Foundation and the
Ford Foundation.
Established by the co-founder
of Hewlett-Packard William
Hewlett and his wife Flora, the
Health
Health care is a big issue
globally, but especially in third
world countries where facilities
and the requisite skills to use
them are lacking, and, even if they
are available, millions do not have
proper access to them.
Many private foundations
dedicate some of their efforts
to improving the state of health
care in these countries. The Bill
& Melinda Gates Foundation,
for example, funds projects that
address immense global health
issues such as HIV, malaria and
polio.
It also brings attention to areas
that are not commonly given focus
but are nonetheless significant
infectious diseases that are
rare and therefore, somewhat
neglected, and discovery and
translational sciences.
According to the Gates
Foundation, many health
conditions in the developing
world lack effective and affordable
The Clinton Foundations initiatives provide skills training to farmers and work to
ensure they have fair access to markets.
The Ford Foundation and the Hewlett Foundation both fund programmes that
promote transparent governance and policy making.