CSR in Developing Countries and Develop Countries
The Malaysian Government supports the concept by promoting the idea of how CSR helps and contributes to the growth of the country. Prime Minister’s CSR Award and ACCA Malaysia Sustainability Reporting Awards are just a few examples of awards given for good CSR practices. According to CSR WeltWeit, the CSR activities in Malaysia focus on education, health and environment.
Most of Malaysian companies as well as foreign companies offer scholarships and low-interest-rate loans for students to pursue their studies domestic and abroad. Petronas, said for example, offers academic scholarships to students who have obtained excellent results in the Sijil Pelajaran Malaysia (SPM) to further their undergraduate studies in both local and overseas universities (Petronas, n.d.). As for the healthcare system in Malaysia, although the Malaysian government allots substantial resources in improving the healthcare facilities, the quality is often not as high as the facilities in the private sector. Therefore, private healthcare sector’s helps and supports in carrying out government initiatives are very crucial. KPJ Healthcare Berhad’s first waqaf hospital in Pasir Gudang is a charity clinic that aims to meet the need of those who have unequal accessibility to medical facilities (KPJ Healthcare Berhad, n.d.). In Malaysia, environmental CSR activities are not given much weight as compared to other western countries whereby environment comes after economic benefits (Yap, n.d.). In 24th July 2009, however, the Ministry of Energy, Green Technology and Water Malaysia (KeTTHA) had finally introduced the National Green Technology Policy. The policy, which is built on four pillars – energy, environment, economy and social, is aimed to promote sustainable development while accelerating the country economy (Green Tech Malaysia, n.d.). In line with this policy, Genting Group implements various environmental friendly initiatives to preserve and conserve the environment for future generations,
Most of Malaysian companies as well as foreign companies offer scholarships and low-interest-rate loans for students to pursue their studies domestic and abroad. Petronas, said for example, offers academic scholarships to students who have obtained excellent results in the Sijil Pelajaran Malaysia (SPM) to further their undergraduate studies in both local and overseas universities (Petronas, n.d.). As for the healthcare system in Malaysia, although the Malaysian government allots substantial resources in improving the healthcare facilities, the quality is often not as high as the facilities in the private sector. Therefore, private healthcare sector’s helps and supports in carrying out government initiatives are very crucial. KPJ Healthcare Berhad’s first waqaf hospital in Pasir Gudang is a charity clinic that aims to meet the need of those who have unequal accessibility to medical facilities (KPJ Healthcare Berhad, n.d.). In Malaysia, environmental CSR activities are not given much weight as compared to other western countries whereby environment comes after economic benefits (Yap, n.d.). In 24th July 2009, however, the Ministry of Energy, Green Technology and Water Malaysia (KeTTHA) had finally introduced the National Green Technology Policy. The policy, which is built on four pillars – energy, environment, economy and social, is aimed to promote sustainable development while accelerating the country economy (Green Tech Malaysia, n.d.). In line with this policy, Genting Group implements various environmental friendly initiatives to preserve and conserve the environment for future generations,