CSR & ESG News

Progress in life draws from examples and could we cite a better one than the recent historic feat of Chandrayaan – 3? In my reckoning there is a striking similarity between its’ execution and success in the realm of CSR. Professionals in the dynamic and ever evolving field of CSR, continually seek inspiration and guidance to navigate the complexities of this challenging terrain. The pieces that go into creating a vibrant CSR image constitute pieces of strategy, adaptability, trust building, crisis management, leaderships, ethics, and consistency amongst others. Chandrayaan 3- India’s landmark milestone with a giant imprint in the world of lunar space, has etched excellent strategy and execution in large and bold letters. This indeed is an opportune moment

After 1947, a newly independent India began to reconstruct itself. During this time a young and dynamic researcher, Dr.Vikram Ambalal Sarabhai , envisioned the Indian space programme and focused mainly on the use of space technology for the benefit of the common man. The Indian space journey, in a true sense, is set to have begun on 21st November 1963 when the first sounding rocket, Nike Apache, was launched from Thumba Equatorial Rocket launching station (TERLS) in the Southern Indian state of Kerala. Dr. Vikram Sarabhai’s dream project, the Satellite Instructional Television Experiment (SITE), began in August 1975 and lasted one year. As a result, people in 2400 villages across six states in rural India now have access to television.

An advanced mobile community clinic “Wellness on Wheels’’ recently witnessed a joint inauguration by Ma r t i n Lundstedt, President & CEO, Volvo AB and Dr. Devi Shetty, Chairman Narayana Health. This was recently built by the Volvo Group in partnership with Narayana Health. The President and MD Volvo Group India, Mr. Kamal Bali accompanied by a team of doctors from Narayan Health and Group officials of Volvo Bengaluru, were also present at this inauguration. This CSR initiative provides medical services including free screening in the rural parts of Karnataka, and other states in the country as well.

Following the French Solidarity Oxygen mission carried out by Team France in 2021, 60+ French companies are committed to boost their CSR activities in India.   The Indo-French Chamber of Commerce and Industry (IFCCI) launched its CSR Initiative at the fourth edition of the IFCCI CSR Conclave and Awards in the presence of H.E. Mr. Emmanuel Lenain, Ambassador of France to India and Mr. P.K. Sinha, IAS (Retd.), Former Cabinet Secretary to the Government of India and Member Advisory Board, European Business Technology Centre (EBTC) & CSR heads, policymakers, decision-makers, business leaders, CSR foundations and non-profit organizations. The event was held on 23rd November 2022 at the Hyatt Regency, New Delhi, and witnessed a gathering of over 100+ business leaders

Corporate Social Responsibility (CSR) is a reality, and it makes commercial sense for corporates to invest in society. It reflects a company’s value system and a principles-based approach to doing business.   Business involvement in social welfare and development has been a tradition in India and is neither a modern concept nor a Western import into India. Even during India’s freedom struggle, businesses contributed to many social and cultural causes. Many leading business people came under the spell of Mahatma Gandhi and his theory of trusteeship of wealth. They contributed liberally to his programs to remove untouchability, women’s emancipation, and rural reconstruction. Over the years, businesses have learned to operate in ways that, at minimum, meet fundamental human rights, labor,

“In a free enterprise, the community is not just another stakeholder in business but is, in fact, the very purpose of its existence.” ‑Jamsetji Tata Tata Group is known for contributing consistently and vigorously towards CSR activities. The Tata Sustainability Group (TSG) is a part of Tata Sons and serves as the nodal resource on sustainability for the Tata group of companies.  TSG works with Tata Group companies in developing and helping formulate CSR St strategy, CSR Programme Assessment, and Volunteering Strategy TSG is driven by a mission to guide, support, and provide thought leadership to all Tata Group companies in embedding sustainability in their business strategies and demonstrating responsibility towards society and the environment. Since its formation in 2014,

ONGC, as a leading Maharatna of the nation, has set a benchmark continuously for the last two years by achieving 100% utilization of the CSR budget, which has been to over Rs 500 Crore each year. This reflects ONGC’s commitment as a responsible Corporate Citizen to giving back to society in equal measure. Preservation and protection of National Heritage, Art, and Culture: The Company may take up CSR activities aimed at the protection of national heritage, art, and culture, including restoration of buildings, sites of historical importance, and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts. Promotion of artisans, artisans, musicians, artists, etc., for the preservation of heritage, art, and culture Need for

New Delhi; December 18, 2021; UN GCNI organized a Fireside Chat titled “Corruption and Our Role: Reflections and Resolutions for the 2030 Agenda” observing the International Anti-Corruption Day (IACD) on 9th December 2021, with eminent experts from Business, Education, Gender, Sports, Health and Technology to discuss their roles in promoting anti-corruption as individuals, organizations and moreover collectively as a society. Over 400 participants registered and joined us in this discussion. This event was preceded by an awareness campaign from December 1, 2021 to December 9, 2021 titled – “Voice of Leaders on Fight against Corruption” in order to raise awareness against different forms of corruption across the sectors and encourage the leaders towards promoting integrity in business through collective action.