### Introduction to CSR 2025
On June 16, 2023, HCM City hosted the eighth international conference centered on “Corporate Social Responsibility and Sustainable Development” (CSR 2025). This event, co-organized by the Southern Institute of Social Sciences, India’s Education Research and Development Association, and the University of Finance-Marketing, aimed to ignite conversations surrounding the essential shift in business focus—from merely generating profits to fostering responsible practices that benefit society and the environment.
### The Call for Responsible Business Practices
As global environmental concerns escalate, experts at the conference compelled businesses to rethink their operational perspectives. The emphasis was on shifting from a profit-centric model to one that prioritizes responsible and sustainable products and services. This fundamental change is not just beneficial; it is necessary for the survival of businesses in today’s eco-conscious market.
### The Importance of ESG Standards
A major goal of the CSR 2025 conference was to encourage the adoption of Environmental, Social, and Governance (ESG) standards within corporate strategies. These standards serve as guidelines for companies to operate responsibly while addressing global challenges like climate change, pollution, and resource management. By embracing these standards, businesses can significantly contribute to societal well-being and environmental sustainability.
### Key Discussions and Topics
During the two-day conference, a diverse group of stakeholders, including academics, government representatives, and non-profit organizations, engaged in dynamic discussions. These dialogues centered around innovative research in CSR practices, exploring materials and methodologies for sustainable businesses, and tackling pressing issues such as climate change.
A standout theme was the role of corporate governance in the digital age and how environmental responsibility and climate action can be integrated into corporate frameworks. The insights shared by participants were invaluable in addressing the complexities of social impacts and promoting sustainable business models.
### Engaging with Global Research and Participants
The conference witnessed an impressive submission of nearly 200 scientific papers and attracted over 150 participants from various countries such as India, Indonesia, and Malaysia. The diversity of voices enriched the discussions, enabling a deeper understanding of global CSR issues and the unique challenges faced by different nations.
### Perspectives from Academia
Associate Professor Dr. Vũ Tuấn Hưng, rector of the Southern Institute of Social Sciences, highlighted how the conference acts as a catalyst for opening new research avenues. The interdisciplinary and international collaborations forged during these discussions are poised to lead to innovative solutions and advancements in the field of corporate social responsibility.
### Exploring Extended Producer Responsibility
Associate Professor Rajkishore Nayak from RMIT University Vietnam shed light on Extended Producer Responsibility (EPR), a pivotal environmental policy that assigns producers responsibility for their products’ entire lifecycle. This initiative is particularly significant in Vietnam, where recent laws on environmental protection, such as the Law on Environmental Protection 2022 and Decree 08/2022/NĐ-CP, mandate businesses to engage in recycling or contribute financially to the Environmental Protection Fund.
### Addressing Challenges in Waste Management
Vietnam’s textile industry—the country’s largest export sector—faces escalating challenges related to production and consumer waste. The adoption of EPR could play a critical role in alleviating these challenges by promoting sustainable design, effective waste management, and conservation of natural resources. However, the implementation of these practices often encounters hurdles, particularly for smaller businesses that may struggle due to financial limitations and insufficient infrastructure.
### The Need for Government Support and Public Awareness
While the principles of EPR hold promise for enhancing sustainability across industries, many smaller enterprises find themselves at a disadvantage. Financial constraints, low awareness, and a lack of supportive infrastructure hinder their ability to comply with these regulations. Consequently, a collaborative approach involving government support and public awareness campaigns is essential for driving effective implementation and fostering a culture of sustainability within the broader business community.
### Final Thoughts
The CSR 2025 conference served not only as a platform for sharing knowledge but also as a beacon of hope for a future where businesses play an active role in advancing social and environmental causes. By adopting responsible practices and embracing ESG standards, businesses stand to benefit not just the planet, but their own long-term viability in an ever-evolving marketplace.