StarBiz-ICR Malaysia Corporate Responsibility Award 2010 - driving responsible and sustainable business practices



KUALA LUMPUR, 3 Aug 2010 - The Star and the Institute of Corporate Responsibility (ICR) Malaysia today announced the 3rd StarBiz-ICR Malaysia Corporate Responsibility Awards.

The Awards encourage Malaysian businesses and the public to recognise that Corporate Responsibility (CR) is a critical part of a company’s strategy and should be on the management agenda to build sustainable businesses. The Awards recognise and honour companies which demonstrate outstanding and leading CR practices that go beyond community and philanthropic activities.

Y Bhg Tan Sri Zarinah Anwar, Chairman of Securities Commission (SC) Malaysia and also Chief Judge of the Awards, announced the Awards at a ceremony at the SC. Also present were Group Managing Director and CEO of Star Publications (Malaysia) Bhd, Datin Linda Ngiam, and Dato’ Johan Raslan, Chairman of ICR Malaysia.

As in previous years, awards will be given out in four categories, i.e. Marketplace, Workplace, Environment and Community, and for two market capitalisation segments (RM1 billion and above, and below RM1 billion).

Public listed companies are eligible to participate via an online questionnaire. The deadline for submissions is 1 October 2010. Initial assessments of companies’ responses to the questionnaire will be performed by an independent third-party organisation, CSR Asia. To enhance the screening process this year, the selection criteria will reward any third-party assurance, audit processes or external stakeholder engagement which the leading companies have in place.

The final selection of winners is decided by a distinguished panel of judges, comprising:

  • Y Bhg Tan Sri Zarinah Anwar, SC Chairman (Chief Judge)
  • Y Bhg Dato’ Yusli Mohamed Yusoff, CEO of Bursa Malaysia Berhad
  • Y Bhg Dato’ Kok Wee Kiat, Honorary President of Business Council for Sustainable Development Malaysia
  • Y Bhg Datuk Peter Wentworth, Chairman of British Malaysian Chamber of Commerce

The Awards are supported by the SC and Bursa Malaysia. The working partners are PricewaterhouseCoopers and Securities Industry Development Corporation (SIDC). 

With these Awards, the organisers hope that Malaysian companies will assimilate CR values and sustainable thinking in their business strategies and goals, so as to raise the business standards of companies for the benefit of all stakeholders.

The winners are expected to be announced early 2011. For more information about the Awards, log on to www.thestar.com.my/starbizicrm/

 

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 Notes to editor:

  1. StarBiz (www.thestar.com.my) is one of the main sections in The Star. It provides comprehensive coverage of business developments and trends, financial and economic reports, analysis and opinion, and updates in the stock market.
  2. ICR Malaysia (www.icrm.com.my) is a unique network of corporate institutions committed to advancing responsible business philosophy and practices that will have positive impact on people, environment, and economies. The network is supported by an advisory panel comprising the Securities Commission Malaysia, Bursa Malaysia Berhad and Khazanah Nasional Berhad.
  3. The online questionnaire is accessible at http://www.asiacall.net/survey/starbizicrm2010/
    On the website, there is an extensive FAQ section.
    Further questions may be directed to CSR Asia:
    • Tel: 03 2072-2130 or 03 2070-0130
    • Email: starbiz-icrm@csr-asia.com