Nearly 90% of Singapore Youths Want to Make Profit Responsibly

As pivotal events such as the BP oil spill in the Gulf of Mexico and misbehaviour by major global financial institutions roil the world, Singapore’s youths are choosing responsible profit-making. In the Hapitalist Survey of Youths’ Attitudes Towards Money and Money-Making 2009-2010, 87% of youths said if they could earn SGD1 million, they want to first weigh the implications of their decisions on society, the community, the environment and socioeconomic systems. Read more

Memorandum of Understanding between UNGC & GRI Celebrated At UN Global Compact Summit

On 24 June, a special event took place during the UNGC Leaders Summit in New York, to highlight and begin action on the important collaboration between the UNGC and GRI, regarding the agreed terms of the Memorandum of Understanding signed on 28 May 2010 at the Amsterdam Global Conference on Sustainability and Transparency. Read more

Transparency International Malaysia Wants Details of Procurement Contracts

Transparency International Malaysia (TI-M) recently called on the Malaysian government to implement the key initiatives identified by PEMANDU to improve transparency and accountability, specifically to disclose details of procurement contracts. Read more

More Preventative Measures in Place to Avoid Corporate Fraud in M’sia

Malaysian Auditor-General, Ambrin Buang, was reported to have said recently that the government has made significant strides in reducing fraud and corruption risks through rigorous preventive measures. Measures include the adoption of an open tender system to ensure transparency in government contracts, public accessibility of information on government tenders using the My Procurement portal and the passing of the Whistleblower Protection Act 2010. Read more

Global Reporting Initiative & Carbon Disclosure Project Release Linkage Document

The Global Reporting Initiative (GRI) and the Carbon Disclosure Project (CDP) recently announced the release of a linkage document between GRI’s Reporting Guidelines and CDP’s 2010 Questionnaire. Disclosure of greenhouse gas emissions (GHG) and reporting on climate change is becoming increasingly important around the world. The linkage document outlines how reporters can efficiently use or adapt the same data in both reporting processes. Read more

M’sia: Renewable Energy Law Underway, Coal Plant Plans in East M’sia

The government is drafting the bill on renewable energy for more aggressive development of energy in Malaysia, according to a news report. Minister of Energy, Green Technology and Water, Peter Chin Fah Kui, was reported to have  said that the new law, expected to be enacted in early 2011, will introduce the implementation of the Feed-in Tariff mechanism. Read more

Companies Commission of Malaysia: CSR Is More Than Philanthropy

The Companies Commission of Malaysia (CCM) has called the corporate world needs to go beyond philanthropy and embrace corporate social responsibility (CSR) as a core business value to ensure sustainable development, according to the Edge Malaysia. Read more

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