Bangkok Post : Thai firms may need CSR for European ties

Bangkok Post : Thai firms may need CSR for European ties: It is widely believed that while big companies involved in exporting know a lot about the importance of corporate social responsibility (CSR), smaller companies don't care very much.

The biggest challenge in Asian countries can be explaining what CSR is, especially when small companies and investors look at it as a cost, as they are likely to equate it with philanthropy.

But now that CSR plays a larger role in global development, it is also a tool for free trade as businesses that do not take responsibility for their actions might face sanctions.