Winners of the Asian CSR Awards 2008 Announced - Asia's Foremost CSR Awards Programme

Singapore, Nov 22, 2008 - (ACN Newswire) - Five companies from India, Philippines and Sri Lanka were recognized this evening for their outstanding initiatives in corporate social responsibility.

Dr. Noeleen Heyzer, Under-Secretary General of the United Nations and Executive Secretary of Economic and Social Commission for Asia gave away the awards to the winners this evening.

The Asian CSR Awards, co-presented this year by Intel, is Asia's premier Awards program on corporate social responsibility. This year's awards attracted 170 entries representing 120 companies from 15 countries. It recognizes and honors companies in Asia for their projects and programs in corporate social responsibility. The annual Awards are given in five categories: Best Workplace Practices, Concern for Health, Environmental Excellence, Poverty Alleviation and Support and Improvement of Education. There is an exhaustive search and selection process for the Awards that include the generation of entries, initial screening, and short listing by a panel of experts and final judging.

2008 Asian CSR Awards Winners and Excellence Awardees

I. Best Workplace Practices - Winner: Microsoft Philippines, Employee Wellness Program, Philippines- Excellence Awardees:City Developments Ltd, Work-Life Harmony, SingaporeCLP Power Hong Kong Ltd., CLP Quality Work Life (QWL) Programme, Hong Kong

II. Concern for Health- Winner: Johnson & Johnson Philippines, War on Worms in Western Visayas (WOW-V), Philippines- Excellence Awardees:Bangkok Hospital Medical Center, BMC Sky ICU, ThailandDialog Telekom PLC, Providing Accessibility: Sri Lanka's first state-of-the-art Hearing centre, Sri Lanka

III. Environmental Excellence - Winner: Bharat Petroleum Corp. Ltd. BOOND India- Excellence Awardees:City Developments Ltd., "1 Degree C Up" Pilot Campaign, SingaporeCity Developments Ltd., Water Recycling and Silt Water Treatment Programme at Construction Sites, Singapore

IV. Poverty Alleviation- Winner: Federation of Chambers of Commerce and Industry of Sri Lanka, Business for Peace Initiative, Sri Lanka- Excellence Awardees:Philam Foundation, The GoodWell Fund, PhilippinesHindustan Zinc Ltd., Zinc Integrated Poverty Alleviation Programme, India

V. Support and Improvement of Education- Winner: Bharti Foundation, Satya Bharti School Program, India- Excellence Awardees:ABS-CBN Broadcasting Corporation, Educational Television (ETV), PhilippinesJohnson & Johnson Phils., War On Worms In Western Visayas (Wow-V), Philippines

The INTEL-AIM Corporate Responsibility Award (IACRA) honors specific companies, NGOs, organizations in Asia for excellent CSR projects in one or more of the following areas: Education, Community Involvement, Environmental Stewardship and Poverty Alleviation through providing innovative use of ICT. The winner is Shakarganj Mills Ltd. with NTPC Ltd. as the excellence awardee.

The Banyan Tree Value Challenge is an opportunity for eligible NGOs to get additional funding by making a competitive presentation of a CSR project or program. This year's winner is Tulir Centre for Prevention (India) and the runner up is Center for Health, Education, Training and Nutritional Awareness (CHETNA).

A Special Achievement Award was given to Singapore Compact for Corporate Social Responsibility for their outstanding CSR contribution and the Award was received by Ms. Claire Chiang, President of Singapore Compact for CSR.

More than 480 delegates from 30 countries attended the Asian Forum on Corporate Social Responsibility (AFCSR) 2008 at the Grand Copthorne Waterfront Hotel, Singapore on November 20 & 21, 2008.

Recognized as the largest and most significant conference and awards program on Corporate Social Responsibility (CSR) in Asia, AFCSR 2008 was co-organized by the Asian Institute of Management's RVR Center for Corporate Social Responsibility (AIM-RVR Center) and Singapore Compact for CSR. Co-chairing the event were Ramon R. del Rosario, President and CEO of Philippine Investment-Management (PHINMA), Inc., Mr. Boon Yoon Chiang, Chairman and Managing Director, Jardine Matheson (Singapore) and Ms. Claire Chiang, President of Singapore Compact for CSR and Senior Vice President of Banyan Tree Holdings Limited. The organizing committee is composed of representatives from major sponsors, regional NGOs, International organizations and CSR organizations.

AFCSR 2008

AFCSR 2008 has the support of distinguished sponsors including Intel as Strategic Partner: Asian CSR Awards and Official Technology Partner; Microsoft, Shell, The Coca-Cola Company and Unilever as Strategic Corporate Partners; Ballarpur Industries Ltd, Borneo Motors (Singapore) Pte Ltd, City Developments Limited, Fuji Xerox Co., Ltd., Holcim and Standard Chartered Bank as Official Industry Partners, Banyan Tree, Bernhard Schulte Shipmanagement, Senoko Power, Starbucks Singapore Pte Ltd. and Tolaram Group as Cooperating Partners and supported by the Singapore Tourism Board. The Official Public Relations Company Partner is Bang Public Relations Pte Ltd with AMEX Team, Creative Crest, Integrated Public Relations, Masso PR and PR Society of Indonesia as Cooperating PR Partners. Official media partners include International Herald Tribune, ABS-CBN News Channel (ANC), ACN Newswire, Ammado, Asian Quality Magazine, Asia Weekly, Business Monitor International / Asia Monitor, BusinessWorld, China CSR, CSR Asia, Roof and Facade Magazine, Sustainable Innovation, The Employer Magazine, The Training Magazine and XL Media.

- AFCSR has 26 leading NGO partners from all over Asia. These are: - Asian Institute of Management Alumni of Singapore - ActionAid International Vietnam- ASEAN Foundation- Asia Pacific Philanthropy Consortium- Business Ethics Institute of Malaysia- Business in the Community-UK- Center for Development and Integration - Vietnam- Centre for Social Markets - India- Community Business - Hong Kong- Confederation of Asia-Pacific Chambers of Commerce and Industry- Council for Better Corporate Citizenship - Japan- German Technical Cooperation (GTZ)- Habitat for Humanity International- Indonesia Business Links- Kenan Institute Asia- League of Corporate Foundations - Philippines- Makati Business Club- Management Association of the Philippines- Management Institute for Social Change - Malaysia- National Center for Sustainability Reporting - Indonesia- Philippine Business for Social Progress- Population and Community Development Association of Thailand- Prince of Wales International Business Leaders Forum- PPM Institute of Management - Indonesia- Responsible Business Initiative - Pakistan- Singapore Compact for CSR

For further information on the Asian Forum on Corporate Social Responsibility and Asian CSR Awards, please visit www.asianforumcsr.com

About the Asian CSR Awards

Presented by the Asian Institute of Management - Ramon V. del Rosario, Sr. Center for Corporate Responsibility, the Asian CSR Awards Program recognises and honors Asian companies for outstanding, innovative and world-class products, services, projects and programs. The companies are assessed in five categories: leadership, sincerity and ongoing commitment in incorporating ethical values, compliance with legal requirements, respect for individuals, involvement in communities and protection of the environment into the way they do business.

About Asian Institute of Management - Ramon V. del Rosario, Sr. Center for Corporate Responsibility

The AIM - Ramon V. del Rosario, Sr. Center for Corporate Responsibility is a research and programme arm of the Asian Institute of Management (AIM). The AIM - RVR center is committed to develop professional, entrepreneurial and socially responsible leaders and managers for social excellence. It is the Center's belief that only when CSR can be structured as a business model and regarded as fundamental to strategy and general management in order for it be sustainable.

About Asian Forum on Corporate Social Responsibility

Recognized as being the largest and most significant conference on Corporate Social Responsibility (CSR) in Asia, the principal hosts of AFCSR 2008 are the Asian Institute of Management's Ramon V. del Rosario, Sr. Center for Corporate Social Responsibility (AIM-RVR Center) and Singapore Compact for CSR. The organizing committee is composed of representatives of partner organizations from all over Asia and is co-chaired by Ramon R. del Rosario, Jr. Chairman of the Board of Advisors, AIM-RVR Center for Corporate Social Responsibility and AIM Governor in Singapore, Mr. Boon Yoon Chiang, Chairman and Managing Director, Jardine Matheson (Singapore) Ltd and Ms. Claire Chiang, President of Singapore Compact for CSR.

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