Delhi Management Association (DMA) hosted a workshop on CSR Act and its Implications for Companies on 30th September 2020 to create awareness and disseminate information about the CSR Act and notified amendments so far, while elaborating on the various aspects of execution by the companies and its implications for the companies.
The workshop was conducted under the aegis of CSR and Sustainability Committee of DMA, chaired by Dr Neelam Gupta, Founder President and CEO of AROH Foundation. Gayatri Subramaniam, a CSR professional and Director, Association for Women in Business, and Nikhil Pant, Principal Consultant & CDO, REACHA joined as the key speakers.
In her welcome address and opening remarks, Dr Neelam Gupta said, “Challenges like climate change, global warming, depletion of natural resources, unequal distribution of resources and ongoing issues of poverty and inequality, and now the current COVID pandemic, have made us understand that profitable growth of companies depends on the economic, environmental, and social sustainability of the communities they serve. And the businesses today realize that it is in their best interest to contribute to the sustainability of these communities. CSR is not a choice any more, but an imperative”.
Gayatri Subramaniam enlightened the audience through a comprehensive presentation elucidating the genesis, evolution and voyage of CSR Act in India. She further stated how CSR act was framed to reduce the gaps between the ‘Haves’ and ‘Have not’s’, especially post-covid, which has worsened the situation in the society, it shall create a “Covid-specialised vertical” winged out of present CSR framework.
An educating question answer session by Nikhil Pant further nurtured the audience to resolve various queries regarding the CSR implications and arbitrate further courses in their businesses and profiles.
Dr Rajan Pandhi, Director DMA, thanked the distinguished panelists and the participants in his valedictory remarks for an interactive and stimulating session and assured the audience that DMa would be taking up more such initiatives and knowledge sharing sessions for the benefit of CSR stakeholders.
