Firms shine light on social impact

University lecturer Stephen Wong Yuen-shan says the Nobel prize-winning economist Milton Friedman missed the point in his doctrine that the only social responsibility of business was to increase profits.

"No company has a zero social impact," said Wong, a banker-turned-lecturer at Chinese University. The social impact of business was "quantifiable and measurable", he said.

via Business feed http://www.scmp.com/business/companies/article/1261117/firms-shine-light-social-impact