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Contact: Isha Mohanty
MohantyI@mail.dnb.co.in
URL : www.dnb.co.in

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.”
While emphasizing on corporate value and social responsibility, Mr. Deepak Arora, CEO, Essar Group Foundation said “The corporate and social sectors are natural partners. They complement each other’s skills in many ways.”
Speaking on the occasion, Mr. Ashish K. Chauhan, MD & CEO, BSE Ltd. “CSR and sustainability are two extremely important topics for 2013, especially with the passing of The Companies Act 2013. They also represent the aspirations of youth as well as society. This conclave being very timely and the discussions being detailed, I’m sure the participants will be able to gather a lot of executable knowledge about how to go about in setting up the CSR framework in their organizations when they go back.”

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.”
The conference saw participation from top CSR leaders who have built successful social initiatives for as a part of CSR, practiced by various businesses.
About Dun & Bradstreet (D&B):

Dun & Bradstreet (NYSE:DNB), the world’s leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for 171 years. D&B’s global commercial database contains more than 225 million business records. The database is enhanced by D&B’s proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network – an unrivaled alliance of D&B and leading business information providers around the world – customers gain access to the world’s largest and highest quality global commercial business information database.

Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability, D&B Sales & Marketing Solutions to analyse markets, locate prospects and increase revenue from new and existing customers; D&B Learning Solutions to facilitate professional growth and excellence among their executives and D&B Economic Analysis Group to derive pragmatic and solution-oriented analyses of strategic economic and business developments, thereby aiding informed decision making.

D&B featured on FORTUNE Magazine’s Most Admired Companies Industry List for four consecutive years (2006 -2009), ranking first in the Financial Data Services category. D&B ranked first in the areas of employee talent, financial soundness, long-term investment, quality of management and use of corporate assets. In 2013, D&B featured on the World’s Most Ethical Companies list in the Business Services category by Ethisphere, for the fifth consecutive year. The World’s Most Ethical Companies designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action.