The Business Times
SUBSCRIBERS

Asean's uneven consensus on corporate social causes

Published Wed, Dec 2, 2020 · 09:50 PM

AMONG the many things that forecasters got wrong about 2020 was the big upswing in support of social causes from brands, particularly in the West. Multinational corporations endorsed social movements, audited their corporate culture for compliance and created new roles for diversity, equality and inclusion officers.

Their counterparts in Asia, however, continued with business-as-usual - as far as that was possible during the pandemic. And many of the most enthusiastic social warriors among the Western brands have been somewhat less vocal about these causes the further away they moved from the head office.

Pragmatism accounts for some of the dilution of corporate social activism in Asia. The Asean region, for instance, has different priorities and very different concerns even among neighbouring countries. Member-states have struggled with numerous domestic and geopolitical upsets this year beyond the global upheaval of the pandemic, perhaps making them less receptive to the causes championed by Western multinationals. This was one of the clear findings of a September 2020 survey by GlobalData PLC, a UK research firm, of 4,317 respondents across the six largest Asean countries by GDP.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Columns

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here