The President yesterday launched a platform for the sharing of ideas on corporate social responsibility.

Corporate Citizenship for Responsible Enterprises aims to strengthen the practice of CSR, with President Marie-Louise Coleiro Preca saying that doing business in a responsible way towards society is a crucial ingredient for sustainable development.

The principle behind CSR was that of adding value to society including by safeguarding the environment and being of benefit to the community, she said.

According to Chamber of Commerce research, 88 per cent of companies in Malta were active in CSR in 2011 and 79 per cent of them said this had benefited the company, the President noted.

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