Sime Darby: Corporate Social Responsibility

Corporate Social Responsibility or CSR for short is basically a concept used by most companies to instill in their business operations and interactions with their stakeholders the concern for the environment as well as the people around them or also known as social concerns. The balance of environmental, social imperatives and economic ("Triple-Bottom-Line-Approach") while dealing with the expectation of shareholders and stakeholders simultaneously is generally comprehended as part of CSR. Several key issues connected with CSR are environmental management, stakeholder engagement, labour standards and workplace quality as well as many others. Sime Darby as well as most other major corporations takes CSR seriously as they adopt the Broad

One of the main channels that Sime Darby uses to conduct its CSR is through "Yayasan Sime Darby" or the Sime Darby Foundation which is the main philanthropic arm of Sime Darby Bhd. The group 's CSR efforts, both external and internal in nature, covers factors ranging from promoting education and environmental preservation, sports development, health research to preserving cultural heritage. Education is one of the most effective method to improve the welfare of the local community and the group believes that the eradication of society 's inequality is essential. The group strives to give children living in rural areas equal educational opportunities as those living in the city

Sime Darby undertakes a wide range of CSR with its various projects and programmes which is directed to benefit society as well as preserve the environment. The group 's CSR which is both internal and external in nature covers the 5 pillars of the groups beliefs towards CSR which is education, community and health, youth and sports, environment, and arts and culture. They used these 5 pillars concept as a foothold and guidelines to improve their business as well as prepare for future developments. It 's clear that the group takes into account the effects on the environment as well as society before they start any new project and they try to reduce the effects if any damage had already occurred. Sime Darby also takes into account other factors that other companies had never thought of before in Malaysia. For example, Sime Darby is the first to develop a Child Protection Policy in the workplace which upholds children rights. This shows that the group thinks out of the box and truly cares about other factors besides just maximizing