|Dun & Bradstreet organizes “CSR & Sustainability Conclave 2013”|
|Mumbai, 20 Nov 2013
In its endeavor to create a platform to bring together stalwarts to share their knowledge and experiences on key issues pertaining to corporate social responsibility and sustainability, Dun & Bradstreet (D&B), the world’s leading source of global business information, knowledge and insight, in association with State Bank of India organized the first edition of the CSR & Sustainability Conclave in Mumbai.
The Conclave focused on the need to create awareness amongst Indian companies on how CSR can be an extension of good corporate governance. The recent enactment of the New Companies Act which mandates 2% compulsory CSR elicited different views on whether CSR should be compulsory or voluntary. The event also showcased some of the best sustainable and social practices adopted by the various companies and welfare organizations.
In his opening remarks, Mr. Kaushal Sampat, President & CEO – India, Dun & Bradstreet said, “As per a survey conducted by D&B on CSR initiatives practiced by PSUs, around 28% of companies feel that identifying appropriate social projects and their beneficiaries is a key challenge while implementing CSR programs. Hence, CSR should be made an integral part of core strategic thinking and corporate value creation rather than just a ‘tick the box’ activity”, which was echoed by Dr. Vandana Lulla, Director, Podar International School said “Life should be lived as if each day is a new day – serving the community, is living life to its fullest capacity.”
Highlighting what CSR means to L&T, Mr. Ajit Singh, Executive Vice President and Head CSR expressed “Sustainability is embedded in the vision and growth plans of Larsen & Toubro. L&T’s social responsiveness long predates the entry into corporate lexicon of terms like ‘CSR’. We are conscious of the need for responsibility in every aspect of engineering, construction and manufacturing. From decision-making to innovation and product portfolio to process adoption, with every passing year climate change finds deeper resonance in L&T. Considerable reduction in carbon intensity, utilisation of clean and renewable energy sources and engineering of green buildings are some of the many initiatives at L&T. The creation of shared value is our ethos, while creating value for the company, value addition to the community and other stakeholders is our business philosophy.”
Highlighting the importance of CSR activities, Mr. Krishna Kumar, MD & Group Executive State Bank of India said, “I am very happy that Dun and Bradstreet has thought of organizing a CSR conclave. CSR activities of corporates these days are very critical. Apart from doing business that corporates are involved in, they also need to look into the areas of development, especially in the downtrodden areas where the poor of the country need a little more support.”
“CSR has to be at the core of business operations as CSR is all about responsible behavior in the market place, environment, workplace and eventually in the communities. CSR cannot be treated as a cost of doing business and has to be intertwined with business competencies as well as the long term sustainability goals of the organization.” said Mr. Praveen Aggarwal, Chief Operating Officer, Swades Foundation while Mr. Venkat Rolla, Group Head – CSR, RPG Enterprises said, “Whatever we do in CSR should help in changing lives and destinies of people instead of just giving someone little education or a livelihood program. It should not stop there and it has to be from end to end.”
Speaking on this occasionMr. R. K. Das, Country Head, SIDBI, “I am happy that Dun and Bradstreet has taken this initiative. CSR has to go beyond corporate philanthropy and has to be an encompassing protection of our environment, promotion of clean technologies and green growth.”
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