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Industries Urged to Merge CSR in Business Strategy

Published: 14th May 2015 06:03 AM  |   Last Updated: 14th May 2015 06:03 AM   |  A+A-

Industries

BHUBANESWAR: The State Government has called upon industries to integrate corporate social responsibility (CSR) into their core business strategies to contribute to economic development while improving the quality of life of their workforce as well as the community and society at large.

The CSR activities should not only refer to compliance of human rights standards, labour and social security measures but also to fight against sustainable management of natural resources and climate change, Industries Minister Debi Prasad Mishra said here on Wednesday.

The Minister was speaking at the Corporate Governance and CSR Symposium 2015 organised by Indian Chamber of Commerce (ICC) here.

Speaking on the occasion, Director General, ICC, Rajeev Singh said there has been a sea change in the way companies used to look at CSR. It has now moved away from philanthropic to more professional activity.

“Over the last few years, an increasing number of companies worldwide has started promoting their businesses through CSR strategies because customers, investors and the public expect them to act in sustainable as well as socially responsible manner. The ICC looks forward to work closely with stakeholders of the sector for all-round development of the State,” Singh said.

Among others, Chief Secretary GC Pati, Chairman, OMC, RK Sharma and Secretary, Steel and Mines Sanjiv Chopra also spoke.



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