Summit to discuss tie-ups to boost social development-CSR link

Mumbai, Sep 3 (PTI) Representatives from the corporate world, NGOs, government officials and academicians will gather for a summit that will deliberate on building partnerships among stakeholders to boost social development through CSR activities.

As many as 12,431 companies together shelled out more than Rs 18,625 crore towards social welfare activities in the last two financial years, the government had informed the Lok Sabha in March this year.

The three-day Rise summit, to be held from September 18 here, has been organised by Idobro, a social enterprise that evaluates and reports the impact of CSR (corporate social responsibility) initiates taken up by corporates.

Under the Companies Act, 2013, certain class of profitable entities are required to shell out at least 2 per cent of their three-year annual average net profit towards CSR activities in a particular fiscal.

The 2017 edition of the meet will be steered by Ulrika Sundburg, Counsel General of Sweden, Ranjan Kapoor, Country Head of advertising and marketing services provider WPP and Rupa Naik of the World Trade Centre, a statement said here.

“The future of India is linked with pace of social development and the Sustainable Development Goals.”

“Idobro recognises that for this development to come a full circle, multiple partnerships need to be forged between Central and state governments, NGOs, impact enterprises and even individuals in sectors including education, health care, sanitation, environmental sustainability, poverty alleviation and skill development,” Karon Shaiva, Chief Impact Officer, Idobro, said in the statement.

“The summit aims to catalyse these partnerships. Stakeholders present at the summit will be Corporates, government officials, NGOs as well as academicians,” she said. 

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