BUSINESS

FM tells corporates to embrace PM’s social charter

PEOPLE WELFARE: Union Finance Minister P. Chidambaram presenting Businessworld FICCI-SEDF corporate social responsibility award 2007 to Sheetal Mehta Chief-CSR, Mahindra & Mahindra, in New Delhi on Friday.

PEOPLE WELFARE: Union Finance Minister P. Chidambaram presenting Businessworld FICCI-SEDF corporate social responsibility award 2007 to Sheetal Mehta Chief-CSR, Mahindra & Mahindra, in New Delhi on Friday.   | Photo Credit: — PHOTO: ANU PUSHKARNA

Special Correspondent

Six companies get corporate social responsibility awards

NEW DELHI: Finance Minister P. Chidambaram on Friday exhorted corporates to embrace the Prime Minister’s 10-point social charter for companies and drew the attention of corporate honchos to the sixth point in the charter that calls for desisting from ‘non-competitive and cartel-type behaviour.’

Speaking at the FICCI-SEDF corporate social responsibility (CSR) award function here, Mr. Chidambaram pointed out that the charter’s sixth point had contemporary relevance as while growth can be sustained by good governance and good politics, inclusive growth could only be sustained through social conscience, leading to social responsibility. He appealed to the captains of industry to employ one lakh differently-abled people for which the Government would foot the ESI and EFP bill for the first three years.

Management, boards of directors and employees of companies, he said, must be driven by a refined social conscience and social responsibility and not by short-term gains and urged apex chamber FICCI to publicise the Prime Minister’s social charter to bring about genuine inclusive growth.

Earlier, the Finance Minister gave away the CSR awards to six companies. The Businessworld FICCI-SEDF CSR Award 2007 Corporate Citizen I was bagged by Mahindra & Mahindra; Corporate Citizen II by Tata Tea and Corporate Citizen III by NTPC. The Jury’s Special Commendation was awarded to Apollo Tyres, while Certificates of Recognition were given away to ONGC and MSPL.

Senior FICCI Vice-President Harshpati Singhania, in his address, noted that the CSR award was of great significance to all, especially the corporate sector, as it recognised the work of business in enhancing the well-being of the society at large.

With the concept of CSR getting more relevant and focused, “we realise that the companies operating in both global and domestic markets are increasingly required to incorporate the social, economic and environmental concerns into their business while building shareholders’ value and taking care of stakeholders’ interest,” he said.

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