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Thai bourse joins with Thaipat to present CSR direction and vision in 2009

Development of human assets and innovative approaches to corporate social responsibility (CSR) will be their main foci in 2009, The Stock Exchange of Thailand (SET)'s Corporate Social Responsibility Institute (CSRI) and Thapat Institute ("Foundation for Thailand Rural Reconstruction Movement Under Royal Patronage) disclosed. CSR activities that are eco-conscious will expand to social concerns. Organizations will improve operation processes to create socially-friendly products and comply with new laws about hazardous products, while the public sector and educational institutes will join in CSR activities also.

"In the current economic crisis, most organizations have adjusted their operational policies and budgets,including their CSR activities. CSRI believes that bringing CSR strategies into every part of daily business operations, affecting all stakeholders, e.g., employees, customers, or shareholders, will enable the organizations to deal with future problems more effectively," Mr.Paiboon Wattanasiritham, CSRI advisor, noted in the "CSR Direction and Vision in 2009" seminar held today (February 3,2009) in the SET building in Bangkok.

"CSRI plans to support CSR activities of listed companies in all business sectors with its CSR Academy training projects and workshops, cooperate with other groups to hold CSRI Forum and CSR Club activities, including developing the Socially Responsible Investment Index (SRI)," he added.

"This seminar aimed at informing SET listed firms of CSR activities directions in 2009, to encourage them to develop CSR strategies suited for their businesses and economic situations. This seminar is considered part of CSRI's main mission, which emphasizes the continuing support of understanding good governance. This includes the social responsibility of listed companies to enhance the country's good governance standards to meet international standards," said Mr. Chaiyoot Chamnanlertkit, executive director, of SET's Industry Development Center.

Thaipat Institute Director Mr Pipat Yodprudtikan disclosed that the organizations that develop CSR strategies to a certain level will later shift to creative CSR, which will launch innovative products and operating platforms for CSR activities, including develop socially-friendly products and create value-added impact for society.

In addition, top executives from different industries joined the forum and gave interesting perspectives;including the automobile industries, Mr. Ninnart Chaithirapinyo, the vice chairman of Toyota Motor (Thailand), the energy industries, Mr. Wattana Opanon-amata, senior executive vice president Bangchak Petroleum PCL, and telecommunication industries, Mr. Peerapong Klinlaor, head of the CSR department of Total Access Communication PCL.

For more information, please contact Public Relations Unit, the Corporate Communications Dept.:Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel:0-2229-2792

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