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Thoughts of few leaders on Corporate Social Responsibility (CSR)

19/06/2011

“Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”
– “Making Good Business Sense” by Lord Holme and Richard Watts, The World Business Council for Sustainable Development

“Corporate social responsibility must not be defined by tax planning strategies alone. Rather, it should be defined within the framework of a corporate philosophy, which factors the needs of the community and the regions in which a corporate entity functions.”
– Manmohan Singh
(Prime Minister of India)

“[Business has] responsibility to itself, to its customers, workers, shareholders and the community … every enterprise, no matter how large or small, must, if it is to enjoy confidence and respect, seek actively to discharge its responsibilities in all directions …and not to one or two groups, such as shareholders or workers, at the expense of community and consumer. Business must be just and humane, as well as efficient and dynamic.”
– Lal Bahadur Shashtri
(Prime Minister India)

“Everyone is aware that the strength of the country is its people, one can't be part of the growth story by ignoring them. It will be a foolish thing to do.”
– Shefali Chaturvedi
(The social development initiative director at the Confederation of Indian Industry)

Corporate Social Responsibility is gaining importance amongst the members of the society. World over Society is now aware and rewards entities working for the harmonic co-existence of business and society. In India CSR as a concept is still evolving and at the forefront of this evolution are few proud companies like Tata Motors Ltd (TML).
Perhaps the first Indian name that strikes to most people on mentioning CSR is Tata group, and Tata Motors Ltd (TML) is a part of the same prestigious group. Since its inception TML has undertaken various initiatives under their CSR program. As the initiatives have evolved so has the spectrum of society to whom TML has been able to reach out through those initiatives.

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