Coporate Social Responsibility of Leading Property Companies in Hong Kong

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Leading Property Companies in Hong Kong, such as San Hung Kai Properties and Henderson Land Development Comapny Ltd are one of the sectors that are most influencing and profitable in this city. Holding a majority of lands, buildings and much capital, these firms have been being a major concern of the public in regard of their influence on the society. In this essay, differnet views on the coporate social responsibility (CSR) are examinated and justified using the shareholders theory, stakeholders theory and Peter Drucker's view on CSR. Background Information of Leading Property Companies In general, the term leading property companies are often referred to the three largest proerty developers in Hong Kong, the San Hung Kai Properties (San Hung Kai) and Henderson Land Development Comapny Ltd (Henderson) and Chueng Kong Properties (Chueng Kong), which have seemingly achieved a dominance in both the property market and wealth rank among local enterprises. To be detail, San Hung Kai possess about 41.9 million undeveloped total gross floor area and 44 million developed or developing investment properties, while the those of Henderson are 19.8 million and 2.4 million. On the other hand, Cheung Kong holds 0.3 million developed investment propeties and unknown amount of undeveloped land. These three firms have made profits of HKD 11.5 billion, 8.94 billion and 26.478 billion respectively. Companies' Actions Regarding CSR Along with the huge profit gained recently, these firms have also recognized the recent trend of coporate social responsbility, and have taken related actions. For instance, San Hung Kai engages actively in green buildings, social well-being of its employees and sustaniable development. Specifically, it has esta... ... middle of paper ... ...) Limited, “Annual Report 2013”, Cheung Kong.com. Retrieved from http://www.ckh.com.hk/uploaded_files/news/609_e_content.pdf Henderson Land Development Company Limited, “Corporate Social Responsbility”, hld.com. Retrieved from http://www.hld.com/tc/csr/csrlanding.shtml Judd F.Sneirson, “Doing Well By Doing Good: Leveraging Due Care for Better, More Socially Responsible Corporate Decisionmaking”, Corporate Governance Review, 3 October 1970. Vol 3, 438. Milton Friedman, “The Social Responsibility of Business is to Increase its Profits”, The New York Times Magazine, 13 September 1970 Peter Drucker, “A New Look at Corporate Social Responsibility”, McKinsey Quarterly, 1984. Sung Hung Kai Properties, “Corporate Social Responsbility”, Sung Hung Kai Properties.com. Retrieved from http://www.shkp.com/en-US/Pages/corporate-social-responsibility-overview

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