Prof. Lok Sang Ho Centre for Public Policy Studies Lingnan University Peoples Council for Sustainable Development
Why CSR?
Multinational Companies today have become extremely powerful, and are not like any of the private enterprises that existed, say, two decades ago; To put it mildly, the future of humanity is very much at their mercy.
Human Costs
When profits are the result of huge human costs, they are unhonorable and the world should be made aware of it; Productive and hardworking but poor should be history; Avoidable industrial disasters should be history
Sustainable CSR: Corporations generate sufficient profit to sustain their operations over the long term while:
paying their workers and providing a clean working and safe working environment paying their suppliers reasonable prices paying due respect to the environment
A Better World
With a living wage, hundreds of thousands of manufacturing and service workers will be able to unleash their newly found spending power on goods and services, and this will cause a BOOM in investment and a new prosperity More inequality and less waste A sustainable, happier and more peaceful world.