2017 marks the seventeenth year of The AmCham Scholarship Program. During the last 17 years, the program has been devoting to improving the business environment in Vietnam in general, and the HCM City area in particular,  by helping develop high quality human resources for member companies, as well as helping students develop essential professional working skills.

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OECD Guidelines for Multinational Enterprises (MNEs) (Executive Summary

The OECD Guidelines for Multinational Enterprises are recommendations addressed by governments to multinational enterprises operating in or from adhering countries. They provide non-binding principles and standards for responsible business conduct in a global context consistent with applicable laws and internationally recognised standards. The Guidelines are the only multilaterally agreed and comprehensive code of responsible business conduct that governments have committed to promoting.

The Organization of Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises (MNEs) have served for over 35 years as the only comprehensive corporate social responsibility (CSR) instrument to be formally negotiated and endorsed by governments. The Guidelines are voluntary recommendations to foster sustainable development through responsible business conduct by MNEs. The focus areas are:

• Information Disclosure
• Human Rights
• Labor
• Environment
• Combating Bribery
• Consumer Interests
• Science and Technology
• Competition
• Due Diligence and Supply Chains

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FSG Social Impact Advisors and Consultants • Discovering Better Ways to Solve Social Problems “The fact is, the prevailing approaches to CSR are so fragmented and so disconnected from business and strategy as to obscure many of the greatest opportunities for companies to benefit society. If, instead, corporations were to analyze their prospects for social responsibility using the same frameworks that guide their core business choices, they would discover that CSR can be much more than a cost, a constraint, or a charitable deed. It can be a source of opportunity, innovation, and competitive advantage.

In this article, we propose a new way to look at the relationship between business and society that does not treat corporate success and social welfare as a zero-sum game. We introduce a framework companies can use to identify all of the effects, both positive and negative, they have on society; determine which ones to address; and suggest effective ways to do so. When looked at strategically, corporate social responsibility can become a source of tremendous social progress, as the business applies its considerable resources, expertise, and insights to activities that benefit society.” “Strategy and Society: The Link between Competitive Advantage and Corporate Social Responsibility, by Michael E. Porter and Mark R. Kramer, Harvard Business Review, Dec 2006.

FSG • Social Impact Advisors www.fsg.org

Guided by FSG’s co-founder and Senior Advisor Michael E. Porter of Harvard Business School, FSG Social Impact Advisors has worked with dozens of global corporations, such as GE, Microsoft, Nestle, Pfizer, Shell, and Swiss Re, to build competitive advantage and social value through innovative practices in corporate social responsibility and philanthropy.

FSG takes an individualized, company-specific approach to develop a proactive corporate social agenda for clients. Experienced strategy consultants will map your company’s value chain to understand how your business activities impact society, while factoring in the surrounding social factors that influence productivity and competitive strategy.

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Sep 7, 2011. The labour standards organisation Social Accountability International (SAI) has signed an agreement with the China National Textile and Apparel Council (CNTAC) aimed at improving conditions in clothing factories across the country.

A Memorandum of Understanding signed by the two groups will focus on five areas of possible cooperation, with activities due to kick off at a meeting of the multi-stakeholder advisory committee (MAC) in December.

The advisory committee will provide government, local and global companies, workers, social auditors and other stakeholders with a platform to discuss how to implement best practices in industrial relations and sustainable business.

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