The Securities and Exchange Commission encourages listed |companies to undertake corporate social responsibility (CSR). SEC secretary-general Rapee Sucharitakul says such practices contribute to the sustainable growth of their businesses while gaining support from the communities around their plants.
The Securities and Exchange Commission encourages listed |companies to undertake corporate social responsibility (CSR). SEC secretary-general Rapee Sucharitakul says such practices contribute to the sustainable growth of their businesses while gaining support from the communities around their plants.
In one such project, the SEC is collaborating with SCG Chemical Co to build fish habitats in Rayong province on January 23.
"We started a programme to build fish habitats in 2012 on the Eastern Seaboard, including Rayong and Chon Buri provinces. To date, we have built 400 fish homes," an SCG Chemical staff member said.
The fish habitats, which are designed to replace coral reefs that have deteriorated or been destroyed, are built with waste material from the manufacture of polyethylene black compound 100 (PE100).
"When we produce PE100, |there are some products that are of substandard size or have been cut down lower than the standard. Normally, they will be waste, but they can be used to make fish habitats, thereby creating value while also being friendly to the environment," he said.
He added that tests had found that PE100 can remain in the sea without causing pollution, unlike some other materials.
A senior figure in Rayong's Baan Pla community said: "This is the second time for our community is building fish habitats after doing so successfully two years ago, when we set up 20 of them in the sea."
She said that after those habitats were established near the Baan Pla community, local fishermen were able to catch more fish, shrimp and crab for sale than before.
"We welcome the chance to set up the next 20 fish habitats early this year, which will boost the number of sea products for our local fishing community," she said.
When corporates undertake CSR programmes that support local communities, that will support sustainable growth for their businesses in the long term, Rapee said.