GSB urges firms to focus more on social contributions

The Government Savings Bank (GSB) is encouraging businesses to focus more on addressing poverty and inequality issues as well as to shift from implementing conventional CSR (corporate social responsibility) programmes to CSV (creating shared value). 

GSB President and Chief Executive Vitai Ratanakorn made the call at the GSB Forum 2023 on the theme “ESG: Social Pillar Driven” held at Siam Kempinski Hotel Bangkok on November 21

With investment in ESG (environmental, social and governance) a growing global trend, many organizations are putting significant emphasis on environmental goals such as net zero emissions or banks’ issuance of green loans.

However, there is still a lack of full-fledged efforts to introduce social contribution projects that create lasting and positive change, said Vitai in his speech on “How does a social bank work on the journey towards…