International CSR & Sustainability Summit 2020: Call for Business to Commit to A Higher Purpose Beyond Profits

September 23, 2020 - 06:47
International CSR & Sustainability Summit 2020: Call for Business to Commit to A Higher Purpose Beyond Profits

SINGAPORE - Media OutReach - 24September 2020 - Enterprise Asia, Asia's leading non-governmental organization forresponsible entrepreneurship hosted its first virtual summit;  the 6thInternational CSR &Sustainability ICS Summit 2020 (ICS) on 23 September 2020. The summit wasreimagined and hosted as a virtual event due to public health and safetyconcerns.


The Summit themed "Purpose Before Profits: An Equilibrium World", convened over 600corporate social responsibility (CSR) and sustainability leaders and practitionersrepresenting 19 countries with high international participation from Cambodia, China,Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailandand Vietnam. Participants gathered online to collaborate and exchange insightson the most stirring conversations in CSR today, and in deliberating solutionsto current society issues.


To drive a fundamentally important shift inthis decade, the Summit serves to urge corporations to share the same centralobjective -- to reshape capitalism for an environmentally endangered age. Thismovement calls for business decision makers to take decisive actions to solveglobal problems; looking beyond financial returns to creating benefits to allstakeholders to achieve a cohesive and sustainable world.


The Summit was officiated by Tan Sri Dr FongChan Onn, Chairman of Enterprise Asia. He expressed that, "how businesses worknow affect not only people, but also the planet. The environmental costscreated by businesses are estimated at US$4.7 trillion per year. Now is thetime for businesses to give back. From reducing environmental impact tocontributing to healthier societies and fighting forced labour, companies canachieve tremendous results if they place purpose before profits."


Among the speakers were Petrus Ng, Chairmanand Managing Director of BASF (Thai) Ltd.; Vivek Pathak, Regional Director,East Asia and the Pacific of IFC -- International Finance Corporation (WorldBank Group); Constant Van Aerschot, Asia Pacific Director of World BusinessCouncil for Sustainable Development (WBCSD); Janet Salem, Economic Affairs Officer. Sustainable Urban DevelopmentSection of Environment and Development Division UNESCAP; Alexandra Tracy,President of Hoi Ping Ventures Hong Kong; Captain Simon Bennett, GeneralManager for Sustainable Development of Swire Pacific Offshore & ChinaNavigation Company; Foroogh Foyouzat, Country Representative of UNICEFCambodia; Dr. Niven Huang, Regional Leader, KPMG Sustainability Services AsiaPacific of KPMG Taiwan; Dr. Naoki Adachi, Founder and CEO of Response AbilityInc. and Executive Director of Japan Business Initiative for Diversity; TracyNilsson Senior Director, Global Environment (Supply Chain), Social &Environmental Affairs of Adidas Group; Shinji Onoda, Policy Researcher of SustainabilityGovernance Center, Institute for Global Environmental Strategies (IGES) andJulie Rezler, Director, Singapore of Global Reporting Initiative (GRI).


Weaving in insights from world class speakersacross the globe, the Summit's key takeaway was the call for globalcorporations to commit in delivering long term value to their stakeholders, andproduce sustainable solutions to global problems in an equal, inclusive andresilient future. The Summit has explored on topics such as measurements andrecovery actions taken by the government and business leaders in mobilizingclimate actions, building an equitable society and in the same time beingfinancial profitable.


The ICS Summit was supported official PR partner Two WayPublic Relations, supporting organizations Circular Economy Club, CSRone Taiwan,Global Reporting Initiative (GRI), Ministry of Science, Technology andInnovation Malaysia, National Institute of Entrepreneurship and Innovation(NIEL) Cambodia, Institute for Global Environmental Strategies (IGES) Japan,Taiwan Institute for Sustainable Energy and Vietnam Business Council forSustainable Development.


About Enterprise Asia

Enterprise Asia is a non-governmental organization inpursuit of creating an Asia that is rich in entrepreneurship as an enginetowards sustainable and progressive economic and social development within aworld of economic equality. Its two pillars of existence are investment inpeople and responsible entrepreneurship. Enterprise Asia works with governments,NGOs and other organizations to promote competitiveness and entrepreneurialdevelopment, in uplifting the economic status of people across Asia and inensuring a legacy of hope, innovation and courage for the future generation.Please visit more information.

About the International CSR & Sustainability (ICS) Summit

ICS Summit is a series of annual regional events in Asia whichgathers top CSR leaders and practitioners to strengthen ties, share experiencesand insights, as well as identify regional challenges and opportunities toshape Asia towards a more responsible, sustainable and progressive socio-economicmarket. Please visit for more information.