Understanding Corporate Social Responsibility in Hong Kong
Corporate philanthropy is widely practiced in Hong Kong where many large companies donate staggering amount of money to various local and international charitable organizations. However, while these companies are praised for their philanthropic activities, they may not be environmentally and socially responsible. There have been articles arguing that Hong Kong companies are more focused on philanthropy than corporate social responsibility (CSR). This research investigates into Hong Kong companies’ philanthropic and CSR activities. The results show that companies are no doubt philanthropic but they are not lagging behind in CSR as many perceived. Many Hong Kong companies are at the early stage of CSR and slowly progressing, especially those companies with business operations in overseas countries. Non-governmental organisations can play an important role in assisting Hong Kong companies to incorporate CSR to their business operations than the government can.
Keywords: Corporate Social Responsibility, Corporate Philanthropy, Hong Kong
Instructor, Department of Applied Social Sciences, The Hong Kong Polytechnic University