Panel Discussion: CSR is it a socially responsible INVESTMENT?
The Net impact club organised an engaging and thought provoking discussion on Corporate Social Responsibility, the need for CSR ,different models and issues with getting share holder buy-in, trends in India and finally questioning whether it truly is one of ‘most responsible ‘ of actions. Mr Siva Kumar , from ITC talked about 4 levels/ladders of social responsibility ranging from a Purist approach of being solely profit oriented , progressing to compliance , transparency and to finally proactively creating business models that are socially responsible. Mr P.S Narayan from Wipro shed light into why Wipro adopts the ‘sustainability ‘ approach and not CSR approach. He spoke about various social initiatives by Wipro especially in the education sector. Wipro did not prefer a check-book approach to CSR but rather preferred a well thought out execution for its sustainability ...