“Reports show that there has been substantial growth in CSR spending since the Companies Act came into force. However, at a strategic level, issues such as fair trade, supply chain, human rights, regulations on land acquisition and rehabilitation, environment and energy related issues have also played a pivotal role, building a strong business case for CSR. There are several CSR initiatives that are directly in convergence with government policies. There is no doubt that business both through their CSR initiatives as well as the corporate strategy will remain a key stakeholder in achieving the UN Sustainable Development Goals or in making a success of the Paris Agreement.”
P.V. Narayanan is currently heading corporate social responsibility for General Electric Company (GE), as CSR Leader – GE South Asia. Prior to his role in GE, he served Alstom, Bharti Foundation, Dalmia Bharat, UNDP and TERI. During his role with United Nations Development Programme (UNDP), he played a foundational role in planning and implementing nationally the PPP/private sector initiatives for National AIDS Control Organisation, a role that he found deeply satisfying working on a public health project. He played a central role in establishing the CSR function and the corporate foundation in Dalmia Bharat Group. He led the CSR function for Alstom Group in India, covering Alstom’s energy and transport businesses, in addition to managing Alstom Foundation’s initiatives. Following the takeover of Alstom’s energy businesses by GE, he moved on to lead CSR for GE in South Asia.