MANILA, Philippines — The House of Representatives on Monday approved on third and final reading a bill that encourages business organizations to engage in corporate social responsibility (CSR) activities. The lower chamber approved House Bill No. According to the bill, CSR efforts include charitable projects, scientific research, youth and sports development, cultural or educational promotion, services to veterans and senior citizens, social welfare, environmental sustainability, health development, disaster relief, specialized and low-cost housing, and employee and worker welfare programs. The measure also mandates the Department of Trade and Industry to recognize and reward business establishments for outstanding CSR activities. It also asks local government units to extend necessary assistance to businesses conducting CSR efforts.

Source: Philippine Daily Inquirer May 20, 2019 09:22 UTC