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Bacolod City, PhilippinesTuesday, February 12, 2013
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‘Business not just about money
but a social responsibility, too’

Business is not just about making money, it is also a way to achieve peace through respect for human rights and social responsibility, Fr. Oliver Williams, a member of the board of directors of the United Nations Global Compact Foundation, said yesterday.

Williams was in Bacolod City to talk on “Peace through Commerce: The Global Corporate Role in Promoting More Peaceful Societies” at the University of St. La Salle.

He said that aside from making money, doing business must have a common goal and that is to create jobs, wealth, and improve the management skills of its workers.

Williams said he would like to explain to the students that UNGCF is a great agency throughout the world particularly in areas where there is not much peace.

The Philippines is one of the135 countries in the world that is part of UNGCF and 55 companies and non-government organizations are registered with them, he said.

Williams said becoming an effective business leader must start in schools, thus there is a need to broaden the role of universities of bringing peace through commerce aside from teaching students the basics of financing, marketing, and accountancy.

He also encouraged conflicting labor and business groups to sit down and negotiate to achieve harmonious solutions and industrial peace.

Labor groups have good points to make that is why they clamor to their management but sometimes they ask for more than they should, Williams added.

He also said, there are wonderful companies doing admiral work while others just do what they have to do, however, he assured that UNGCF works with companies that want to make the world a better place using their resources and management skills.

Williams has been in the country in the last two weeks giving lectures to business schools and hopes to get them involved in the Principles for Responsible Management Education, an attached organization of the UNGCF.*LTG

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