/  Event Reports   /  CommonWealth Magazine's 2017 CSR rankings

CommonWealth Magazine's 2017 CSR rankings

On 25 August 2016 the ECCT's Corporate Social Responsibility committee hosted a lunch on the of topic "Excellence in Corporate Social Responsibility - CommonWealth Magazine's 2017 CSR rankings and index" with guest speaker Jimmy Hsiung, Supervisor of CommonWealth Magazine's Survey Center. The speaker presented some of the highlights of CommonWealth Magazine's recently-released Excellence in Corporate Social Responsibility rankings and CSR index.

CommonWealth Magazine has been running its Excellence in CSR programme for 10 years. The list of companies covered has grown from the top 50 (30 large enterprises, 10 medium-sized enterprises and 10 foreign enterprise) to the top 100 (50 large enterprise, 15 medium-sized enterprises and 15 foreign enterprises) as well as 20 so-called "little giants" (companies with three consecutive years of profits and annual revenue of NT$5 billion or less).

The survey ranks companies based on corporate governance, corporate commitment, community involvement and environmental protection, among other indicators. The stress this year was on social return on investment (SROI).

Many global enterprises have adjusted their CSR activities in line with international and national sustainable development goals, such as those outlined at the United Nations Sustainable Development Summit on 25 September 2015. At that summit world leaders adopted the 2030 Agenda for Sustainable Development, which includes a set of 17 Sustainable Development Goals (SDGs) to end poverty, fight inequality and injustice, and tackle climate change by 2030. The SDGs, build on the Millennium Development Goals (MDGs), eight anti-poverty targets that the world committed to achieving by 2015 such as slashing poverty, hunger, disease, gender inequality, and access to water and sanitation. The new SDGs, and the broader sustainability agenda, go much further than the MDGs, addressing the root causes of poverty and the universal need for development that works for all people.

The survey focused on 11 categories. Results revealed that social projects undertaken by Taiwan enterprises are mostly concentrated in vulnerable care (32.6% of projects), personnel training (17.2%) and environmental sustainability (15%).

Hsiung proceeded to summarise some of the activities of companies in these various areas. He noted that many projects are not just one-offs. Many companies are continuing their projects year after year. In addition many companies cooperate with other companies or non-profit organisations on certain projects.