Corporate Social Responsibility Practices in Listed Companies

Abstract

Business ethics is a contemporary issue in nowadays business, it involves application of standards of moral behavior to business situations.To general public, apart from business ethics, they also concern whether corporations are operating socially responsible nowadays. Although one of the key objectives of a business corporation is to earn maximum profits for shareholders or owners, it is expected to conduct its operations in a manner to fulfill its social obligations. Big corporations are expected to have more corporate social responsibility practices because they have more resources. This study is to examine the current practices of corporate social responsibility in three Hong Kong Blue Chip companies. The selected companies are ranked top three in an Oxfam Hong Kong Survey 2009.Similarities and differences of their practices are discussed in the study. The analysis provides insights to other companies in taking up the corporate social responsibility, such as resources allocation and action plan towards better community and environment etc. Furthermore, government or stock exchange can also take it as a reference for setting rules and practices for companies.