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Asia Responsible Entrepreneurship Awards 2016 Honors 59CSR Projects and Initiatives

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A total of 59 projects across Asia were selected as the recipients of this year’s Asia Responsible Entrepreneurship Awards (AREA) by Enterprise Asia. The Awards, often dubbed the Nobel Prize for Sustainability, returned this year to Singapore, after having been held in Delhi and Macau over the past two years. The Awards also recognizedthree business leaders for their roles in promoting CSR practices within their organizations and across their industries.

Over 300 submissions from 28 countries were received from companies across Asia, with judges led by former Minister of Environment of Taiwan, Dr Eugene Chien, sieving through the submission over a two-months judging period. Besides being able to demonstrate the design and execution of sound and effective CSR programs, nominees are required to demonstrate the extent that CSR practices have been institutionalized within their organizations and the measurable impact of their programs to people, community and environment.

The Awards honor Asian businesses for championing sustainable and responsible business practices, demonstrating companies’ leadership, sincerity and on-going commitment in incorporating responsible and ethical values, compliance, respect for people and individuals, involvement in communities and protection of the environment into the way they run their businesses.

Dato’ William Ng, president of Enterprise Asia said, “the quality of this year’s submission is outstanding. It was a truly monumental task to decide on the best, as every submission was of very high quality – demonstrating the expertise and capability of the region’s CSR practitioners. This is a far cry from when we first started giving out the awards in the year 2009. Much thought has been given to impact and measurability, as a result of increased reporting requirements.”

Prizes were awards in six categories:

  1. Social Empowerment
  2. Investment in People
  3. Health Promotion
  4. Green Leadership
  5. SME CSR
  6. Responsible Business Leadership.

Dr.Chiensaid, “through these Awards, we highlight the efforts by businesses to promote sustainable corporate practices and an ethical and compassionate business culture. More than ever, we now see the urgency to institutionalize responsible entrepreneurship as a mean to protect our market share, shareholder’s value, and the sustainability of our businesses.”

Asia Responsible Entrepreneurship Awards 2016 Honors59 CSR Projects and Initiatives

The three business leaders named as recipients of the AREA Responsible Business Leadership Award are ShehzadMunim, Managing Director of British American Tobacco Bangladesh, Sun YipingPresident of China Mengniu Dairy Company Limited andYen Wen Long, Chairman of CTBC Financial Holding Co., Ltd.

Among the notable projects winning the Asia Responsible Entrepreneurship Awards are Aircel’s ‘Save Our Tiger’, Maritime and Port Authority of Singapore’s ‘Coral Relocation’, Hai-O Enterprise Berhad’s ‘Talent Development Through Education Excellence’, Pfizer Taiwan’s ‘A Warmth During Winter’, Nu Skin Malaysia’s ‘Southeast Asia Children Heart Fund’, and The Bangchak Petroleum Public Company Limited’s ‘Healthy Communities Initiatives’.

“The successof these programs are perhaps best measured in the number of lives touched and saved, communities uplifted, tears of joy shed, and how the future of our children, and their children, are secured. There’s really no better recognition for having contributed to making the world a better place, than the satisfaction of witnessing the difference you have made. I congratulate all award recipients, and hope that this will encourage them to continue with their generosity of spirit,” Ng said.

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About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Enterprise Asia builds on its two pillars of existence: investment in people and responsible entrepreneurship. Enterprise Asia work with governments, NGOs and other organizations to promote entrepreneurial and sustainable development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generations.

 

Full List of Recipients of the Asia Responsible Entrepreneurship Awards 2016

 

== Responsible Business Leadership ==

  1. ShehzadMunim, Managing Director, British American Tobacco Bangladesh
  2. Sun Yiping, President, China Mengniu Dairy Company Limited
  3. Yen Wen Long, Chairman CTBC Financial Holding Co, Ltd

== Green Leadership ==

  1. AAG Energy Holdings Limited
    AAG’s Contribution to the Environment, Economy, and Society
  2. Advanced Lithium Electrochemistry (Cayman) Co., Ltd
    Aleees – New Frontier of Green Power Energy
  3. AirAsia Berhad
    Green24
  4. Arthaland Corporation
    KabataangKaibigan ng Kalikasan (Youth Friends of Nature)
  5. Far Eastern New Century Corporation
    Invention of the First 100% Bio-based PET Bottle in the World
  6. Hair O’right International Corporation
    The greenest shampoo from Taiwan washes away the challenges of a global carbon foot-printing scheme
  7. JLanka Power & Energy (Pvt) Ltd
    Online Electricity Monitoring & Controlling System
  8. Malaysian Mosaics SdnBhd
    Green Leadership in Tile Manufacturing – MML Leading The Way
  9. Maritime and Port Authority of Singapore
    Coral Relocation and the Innovative Use of Excavated and Dredged Materials for Reclamation
  10. Metropolitan Waterworks Authority (Thailand)
    Watershed Forest Conservation Project to Honor His Majesty The King
  11. Taipei Financial Center Corporation
    TAIPEI 101 as the new paradigm for high rise green buildings
  12. YFY Inc.
    Every Byproduct has Its Value – Rediscovery of Hydrogen Energy

== Social Empowerment ==

  1. S. Watson Group

Project LOL

  1. ASE Group (Advanced Semiconductor Engineering, Inc)

ASE30 Environmental Conservation Fund

  1. Asian Alliance Insurance PLC

WIN Youth Empowerment Program

  1. Berjaya Starbucks Coffee Company SdnBhd

Connecting Communities

  1. Cathay Financial Holdings

Foster Social Enterprise Ecosystem

  1. Ceylon Tobacco Company PLC

Sustainable Agricultural Development Programme

  1. China Mengniu Dairy Company Limited

Teaching in My Hometown

  1. CTBC Financial Holding Co, Ltd

“Light up a Life” Fundraising Campaign

  1. Eduspec Holdings Berhad

Cyber Security & Wellness

  1. Fubon Insurance Co, Ltd

Foster social charity with Fubon Insurance’s Core Competencies

  1. FWD Life Insurance Public Company Limited

FWD Helps PWD

  1. Hai-O Enterprise Berhad

Talent Development Through Education Excellence

  1. Hindustan Petroleum Corporation Limited

Able Disabled All People Together (A.D.A.P.T) Programme

  1. HSBC Sri Lanka

Restoration of the Cascading Tanks in Anuradhapura

  1. IRPC Public Company Limited

Lam Sai Yong Model

  1. MitrPhol Group

Community Enhancement through the Collaboration of Disability

  1. Oxford College of Business (Pvt) Ltd

Out of Darkness

  1. Pfizer Limited, Taiwan

A warmth during winter – Helping the Elderly Live Longer and Happier

  1. Prudential Malaysia Assurance Berhad

Cha-Ching

  1. PT DarmaHenwaTbk

DarmaMandiri

  1. Puritas (Pvt) Ltd

Going Beyond

  1. Sampath Bank PLC

SampathSaviya

  1. Sinyi Realty Inc.

We are ONE

  1. Tai O Heritage Hotel

Promoting Sustainable Tourism and Cultural Heritage Conservation

  1. Thai Life Insurance Public Company Limited

Thai Life Insurance and Mae Joe University Boost Local Economies Bring Happiness

  1. Uflex Limited

Sports For Growth

 

 

== Health Promotion ==

  1. P. Honda Co. Ltd

Big Blood Donation Across Thailand

  1. FrieslandCampina (Hong Kong) Ltd

Tailored Nutrition For Age

  1. Nu Skin (Malaysia) SdnBhd

Nu Skin Malaysia Southeast Asia Children Heart Fund

  1. SENA Development Public Company Limited

Baan Ruam Tang Fun

  1. Puritas (Pvt) Ltd

PuritasSathDiyawara

  1. The Bangchak Petroleum Public Company Limited

Healthy Communities Initiatives

== Investment in People ==

 

  1. AP (Thailand) PCL

AP Academy

  1. Apex Circuit (Thailand) Co, Ltd

TUK KAI

  1. Global Indian International School

People Development Through Innovative Initiatives

  1. Holcim Philippines, Inc.

Galing Mason Program

  1. Index Creative Village PCL

Our People, Our Index Creative Village

  1. Prosperous Capital & Assurance Limited

Women Empowering through Women

  1. Resorts World Manila

League Of Volunteer Employees (LOVE) Program

  1. Strategic Public Relations Group Limited (SPRG)

20 years: A Solid Foundation For Sustainable Growth

== SME CSR ==

  1. Auden Techno Corp

The Environmental Education for Teenagers: WildView Taiwan Film Festival Tours

  1. Helping Hand Group

Last Donor Standing

  1. Infinity Development Holdings Company Limited

Fundamental works for Social Responsibility and the Company’s Sustainability

  1. Strategic Public Relations Group Limited (SPRG)

Care.Connect.Contribute by SPRG

Entrepreneurship

Women on Top in Tech – Daphne Ng, CEO of JEDTrade

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(Women on Top in Tech is a series about Women Founders, CEOs, and Leaders in technology. It aims to amplify and bring to the fore diversity in leadership in technology.)

Daphne Ng is the CEO of JEDTrade, a blockchain technology company focused on trade, supply chain, and financial inclusion projects in ASEAN. She is also the Scretary-General at ACCESS and Exco. of Singapore Fintech Association

What makes you do what you do?
I was introduced to blockchain technology in 2016 after I left my corporate banking career after 10 years. It was my mentor who first got me interested in this technology, which I then went on to delve further into, on its potential applications in the lending and trade finance space – domains where I came from.

How did you rise in the industry you are in?
Being in the space for 2 years and actively involved in the ecosystem, I was able to bring on the projects, network and a good degree of thought leadership in this vertical. Early on in the startup journey, our team faced many challenges. And to me, the key to rising above failures are two essential factors – resilience and support. While resilience is innate, I received a lot of help be it in terms of connections or advice. ‘Nobody succeeds without help’ rings very true for me.

Why did you take on this role/start this startup especially since this is perhaps a stretch or challenge for you (or viewed as one since you are not the usual leadership demographics)?
From the start, I focused on my domain expertise in trade finance and the application construct of how blockchain and DLT can be applied to these use cases. Also, my strategy from the start was to build a technology company made up of 80% tech and engineers, which is also our key competitive advantage today. At the end of the day, deliverables are about strategy and execution, which includes building and leading an ‘A’ team.

Do you have a mentor that you look up to in your industries or did you look for one or how did that work?
I have many mentors, which includes our company advisors (all of whom are well-known in this industry) and mostly informal mentors I meet via my connections, and on various occasions and circumstances. Creating opportunities also means putting myself in the right place, at the right time. And in my case, these were mostly organic and genuine friendships formed from the initial connection.

How did you make a match if you and how did you end up being mentored by him?
To me, a match in values is very important. It also takes humility to ask for help and be willing to listen to advice, which is important in order for mentorships to be successful – be it formal or informal.

Now as a leader how do you spot, develop, keep, grow and support your talent?
I love this question! I am passionate about building strong teams and helping my people grow. I abide by the 3Rs when identifying talents: resourcefulness, resilience and right values. And then I invest in the ‘potential’ and this means giving them room to lead, make decisions and take risks.

Do you consciously or unconsciously support diversity and why?
My support of diverse talents, skillsets and characters can be seen in the make-up of our core team – all helming specific roles and each bringing their own value to the table. We need the sum of all parts to build a great company.

What is your take on what it takes to be a great leader in your industry and as a general rule of thumb?
Great leaders emerge in times of failures and challenges, never abandoning the team, and always putting the team’s interests before her own. And I consciously live by these mottos every day.

Advice for others?
My advice to other entrepreneurs: be resolute and dare to be different. If you are going to follow others, then you will end up on the same path as them. No right or wrong; but I would rather chart my own path. This June, we are officially launching our blockchain project, Jupiter Chain (www.jupiterchain.tech), which have garnered much interest in the industry, even before we made it public. We believe this project is the epitome of marrying innovation with practical implementation, and we want to be the first to truly operationalize blockchain for our ecosystem projects in this region.


If you’d like to get in touch with Daphne Ng, please feel free to reach out to her on LinkedIn: https://www.linkedin.com/in/daphne-ng-%E9%BB%84%E7%91%9E%E7%8E%B2/

To learn more about JEDTrade, please click here.

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Callum Connects

Jace Koh, Founder of U Ventures

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Jace Koh believes cash flow is the lifeblood of your business. Understanding it will enhance your ability to run and manage your business.

What’s your story?
My name is Jace Koh and I am the Founder of U Ventures. I’ve always been inclined towards investment and entrepreneurship. I’ve played a hand in starting businesses across these industries – professional services, cloud integration, software and music. I believe that succeeding in business is tough, but that’s what makes the rewards even sweeter.

What excites you most about your industry?
Everything excites me. These are my beliefs:

  • Why is accounting important?
    The accounting department is the heart. Cash flow is like blood stream, it pumps blood to various parts of the body like cash flow is pumped to various departments and/or functions in a business. It is vital to the life and death of the business.
  • Is accounting boring?
    Accountants are artists too. They paint the numbers the way they want them to be.
  • What makes a good accountant?
    A good accountant can tell you a story about the business by looking at the numbers.
  • Why is budgeting and projection important?
    Accountants are like fortune tellers, they can predict the numbers and if you wish to understand your business and make informed decisions, feel free to speak to our friendly consultants to secure a meeting.

What’s your connection to Asia?
I was born and raised in Singapore, and here’s where I want to be.

Favourite city in Asia for business and why?
Singapore is my favourite city. We have great legal systems in place, good security and people with integrity. Most importantly, we have a government that fosters a good environment for doing business. I recently went for a cultural exchange programme in Hong Kong to learn more about their startups. I found out that the Hong Kong government generally only supports local business owners in terms of grants. They’ve recently been more lenient and changed the eligibility to include all businesses that have at least 50% local shareholding. But comparing that to Singapore, the government only requires a 30% local shareholding to obtain government support. In the early days of starting a business, all the support you can get is precious. It’s great that we have a government that understands that.

What’s the best piece of advice you ever received?
The best time ever to plant a tree was 10 years ago as the tree would have grown so big to provide you with shelter and all. When is the next best time to plant a tree? It is today. Because in 10 years time, the tree would have grown big enough to provide you shelter and all.

Who inspires you?
Jack Ma. His journey to success is one of the most inspiring as it proves that with determination and great foresight, even the poorest can turn their lives around. I personally relate to his story a lot, and this is my favourite quote from him, “If you don’t give up, you still have a chance. Giving up is the greatest failure.”

What have you just learnt recently that blew you away?
I’ve faced multiple rejections throughout my business journey, and recently came across a fact on Jack Ma about how he was once rejected for 32 different jobs. It resonated very deeply and taught me the importance of tenacity, especially during tough times.

If you had your time again, what would you do differently?
Nothing. I live a life with no regrets. Everything I do, regardless of whether it is right or wrong, happy or sad, and regardless of outcome, it’s a lesson with something to take away.

How do you unwind?
I love to pamper myself through retail therapy and going for spas. I also make a conscious effort to take time off work to have a break outside to unwind as well as to uncloud my mind. This moment of reflection from time to time helps me see more clearly on how I can improve myself.

Favourite Asian destination for relaxation? Why?
Taiwan! Good food with no language barriers and the people are great!

Everyone in business should read this book:
I don’t really read books. Mostly, I learn from my daily life and interactions with hundreds of other business owners. To me, people tell the most interesting stories.

Shameless plug for your business:
We’re not just corporate secretaries, we’re “business doctors.”
U Ventures is a Xero certified advisory firm that goes beyond traditional accounting services to provide solutions for your business. You can reach us on our website: http://uventures.com.sg/

How can people connect with you?
Converse to connect. You can reach me via email at [email protected] or alternatively, on LinkedIn here: https://www.linkedin.com/in/jacekoh/

This interview is part of the ‘Callum Connect’ series of more than 500 interviews

Callum Laing is an entrepreneur and investor based in Singapore. He has previously started,
built and sold half a dozen businesses and is now a Partner at Unity-Group Private Equity and Co-Founder of The Marketing Group PLC. He is the author two best selling books ‘Progressive Partnerships’ and ‘Agglomerate’.

Connect with Callum here:
twitter.com/laingcallum
linkedin.com/in/callumlaing
Download free copies of his books here: www.callumlaing.com

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