The View from the Boardroom - UNDP Trinidad and Tobago

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The View from the Boardroom - CEO Study on Corporate Social Responsibility in Trinidad and Tobago“The biggest CSR leader in any company needsto be the CEO”Charles Percy, CEO Methanex Trinidad and Tobago Ltd.on Sweat Equity, Corporate Volunteerism and the Value of HumanCapitalQ: What do you make of the fundamental thought underlying CSR thatthere is something that in terms of responsible behaviour – internallyand externally – goes beyond just the bottom line, goes beyond the corebusiness?InterviewCP: The raw material that all businesses use is “human capital” and thereforethey owe something toward the nurturing of that source of human capital toensure the quality of the resource which comes into their businesses, as well asto ensure its continuous development.The question is how do businesses influence the society in which they operate sothat they leave it the better for their presence. For me, CSR needs to be lookedat as human capital development. How do we influence the human capital whichis the real engine of any organization? Do we influence it through the schoolsystem; do we influence young people who are the leaders of tomorrow in theway we position them to see the future? How do we also influence the sheerfabric of society with the debates and actions which occur within and outside ofour organizations? All businesses therefore need to recognize that they do have amoral responsibility for replenishing, renewing and developing the human capitalin their immediate environment and sphere of influence. That is where I see allbusinesses having a stake in social responsibility.Q: And you would not feel guilty if a critic of CSR would tell you that thisis a very selfish way of looking at it? After all, human capital is of crucialrelevance for the success of your business and therefore what you are doingon the social front is something that you expect to be beneficial to yourcommercial operations.CP: There are four ‘P’s’ in social responsibility from the viewpoint of a corporation:there are the “pet projects” which are neither good for business nor society,but may only serve to stroke the ego of some CEO or owner/manager. Thenyou have “philanthropy”, which is just about giving some money that may helpa few NGO’s, but really does nothing for the corporation. And then you have“propaganda”, which pushes the company’s line for whatever selfish reasonand benefits only the company, not society. And finally there is “partnering”,which is truly designed to help society as well as the business. Businesses fund44
The View from the Boardroom - CEO Study on Corporate Social Responsibility in Trinidad and TobagoAll levels of business need to recognise that they have aresponsibility for the replenishing, the renewing and thedevelopment of the human capital stock that they utilise.And therein lies for me social responsibility.CSR initiatives from the profit they make and this is only sustainable in good aswell as lean times, if the ‘value proposition’ remains credible. Am I thereforeselfish in favouring true partnering? Yes, I am, if at the end of day I am satisfiedthat both society and business truly benefit.Q: How do your colleagues in the business world react to your veryoutspoken and very strong stance on the issue of CSR? Do they see this asa distraction from the core business?CP: When you have lived the journey and seen the transformation and power thatis unleashed when an organization is fully engaged, then you know how integralsocial responsibility is to your business. When I started at Methanex TrinidadLimited as CEO in 2006, our employee engagement survey score was 32 outof a possible 100 and none of the other Methanex Corporation companies wereless than 50. Through a disciplined approach over five years, we were able tomove from 32 to 74 per cent and now we sit on the top quartile of MethanexCorporation’s employee engagement. We now have an engaged workforce thatis not just delivering internally, but delivers externally as well. We have won theEnergy Chamber’s CSR Award for ‘Recognizing the Value of People’ in 2009 and2010; and through Methanex’s commitment to Responsible Care, we have built areputation for being an employer of choice and a good corporate citizen.We have also seen the value of our efforts through our ‘Mentoring Our Children’program, which engages young professionals in our organization as mentors forhigh potential secondary school students who are all from “humble means”. Itis amazing to see the positive changes in the lives of these children as well asthe personal growth of our young professionals. It is so rewarding to see theinnovation of our professionals, the engagement of the students, their familiesand the entire organization and especially the desire by all “to live; to love; to learnand to leave a legacy”. We also partner with Habitat for Humanity to build andrenovate homes for the families of these students in the program, so that theycan all learn and live in a comfortable environment. Imagine how powerful it isfor an employee here to be part of that experience. When they come back intothe company, work means more than earning a salary; it is about developing anindividual, a family, a society and a corporation.45
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The View from the Boardroom - UNDP Trinidad and Tobago

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