Interactive Session: CSR Impact on Communities
The Eastern Region hosted an interactive session on ‘CSR Impact on Communities’ on February 4th. The speakers were Mr. Ambarish Dasgupta, Sr. Partner, Intueri Consulting, Mr. Subhasis Majumdar, Risk & Quality, Ethics, Information Protection and Digital Leader, PwC SDC, Mr. Jayant Kataria, HR Manager, Hyatt Regency Kolkata. Mr. Subrata Bagchi, Chairman – Eastern Region, AMCHAM and President, TCG Digital Solutions, in his welcome address said the CSR business approach contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. It is how companies manage their business processes to produce an overall positive impact on society. It covers sustainability, social impact and ethics, and done correctly, should be about core business – how companies make their money – not just add-on extras such as philanthropy.
Mr. Majumdar said that personal social responsibility was equally important as corporate social responsibility because corporates are run by individuals who in turn touch the lives of greater number of individuals. Therefore, in order to really make a difference in society, the corporate world should encourage and support volunteering initiatives of their employees in discharging corporate social responsibility in a comprehensive manner. Such efforts to enable employees to participate in community services would also drive higher employee engagement and would result in multiplier effect in supporting the causes which the corporates want to advance.
Mr. Ambarish Dasgupta said that at the Davos Summit this year, the very important issues discussed at great length and virtually dominating the sessions, were CSR and environment. He said that leaders around the world agreed that these two are linked to the future of the new millennium. He said that corporate social responsibility as “a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders” with the key point being “sustainable development.”
Mr. Jayant Kataria spoke about the Hyatt’s global CSR programs and how it worked around the world with local players. He also highlighted their supporting partners in Kolkata and spoke about the skill development program that Hyatt Kolkata was doing which gives students with financial challenges an opportunity for employment. Mr. Joydeep Datta Gupta, Partner, Deloitte Touché Tohmatsu India and Eastern Region Executive Committee Member, AMCHAM, moderated the session and spoke about the Deloitte CSR program. Mr. K.P. Sengupta, Co-Chairman Data Core Systems gave the concluding remarks and vote of thanks. Ms. Amada Kidwai, Regional Director – Eastern Region, AMCHAM, gave introductions and also introduced the NGO’s invited to attend the session.