CSR Lessons from Vedan Deeds

Abstract

Corporate social responsibility (CSR) policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The concept of CSR has yet seemed to reach the businesses in emerging markets. Many firms are still exploiting these cheap labor markets with sweatshops, shady businesses and unethical conducts, with the most prominent example be Vedan Vietnam’s pollution of Thi Vai River, destroying the trust of local governments and people.