Page 296 - Social Enterprise A New Business Paradigm for Thailand
P. 296

Additionally, in 2014, the Group launched an initiative to promote learning through mobile
                  media for out-of-school children, further demonstrating its commitment to educational equity
                  and accessibility. With its extensive experience in educational development, the Group, through

                  its digital technology arm, True Corporation (TRUE), played a pivotal role when the government
                  launched the Pracharath Rak Samakkee collaboration initiative. This initiative opened the door
                  for the private sector to engage in key national development efforts in partnership with the
                  government. In 2016, TRUE became one of 12 founding private-sector organizations involved
                  in the CONNEXT ED project, which aimed to sustainably raise the quality of basic education and
                  leadership development under the Pracharath framework. The project integrated efforts from
                  three sectors: government, civil society, and the private sector. In 2020, the initiative formally
                  evolved  into  the  CONNEXT  ED  Foundation,  with  the  mission  of  building  a  sustainable
                  educational ecosystem. The foundation began by providing ICT equipment and learning media
                  to participating schools. It also selected more than 400 employee volunteers to serve as School

                  Partners, who worked directly with schools to share knowledge, co-develop improvement plans,
                  offer financial support, and train educational personnel, particularly through programs like the
                  ICT Talent Project.


                  9.4  Private Sector Corporations and

                  Support for Social Enterprises in Thailand


                  From  the  preceding  case  studies  of  major  corporations  in  Thailand,  along  with  additional
                  interviews  conducted  with  relevant  stakeholders,  it  is  evident  that  each  company  has
                  consistently  engaged  in  corporate  social  responsibility  (CSR)  initiatives.  The  average  annual
                  expenditure for such activities amounts to approximately 1–2 percent of corporate profits (see
                  Table 9.14).

                  In addition to the quantitative data and CSR implementation models presented below, several
                  key findings emerged from the study:


                  •  High  budgets,  but  largely  self-implemented:  Each  year,  private  companies,  particularly
                      large corporations, allocate substantial budgets to CSR activities, often reaching the 2%
                      profit ceiling. However, these activities are typically carried out internally, with minimal
                      outsourcing or collaboration with external social enterprises (SEs).
                  •  More structured approach through ESG frameworks: Companies now follow a clearer and
                      more systematic approach to CSR by adopting ESG (Environmental, Social, and Governance)
                      frameworks. This includes the use of international standards and measurable performance
                      indicators.

                  •  External international pressure is a major driver: A key motivating factor for CSR initiatives
                      stems from international organizations (such as the United Nations) and key trading partner
                      countries, encouraging companies to engage in CSR with greater seriousness and rigor.


                                                                                                          262
   291   292   293   294   295   296   297   298   299   300   301