The Business Bytes
BHUBANESWAR, JULY 26, 2024 (TBB BUREAU): Odisha’s Industry Minister Sampad Charan Swain delivered a powerful address at a high-profile CSR and sustainability event on Friday, emphasizing the transformative role of Corporate Social Responsibility (CSR) in Odisha. Speaking to an audience of industry leaders, government officials, and social advocates at the Odisha CSR and Sustainability Excellence Awards ceremony, Swain called for CSR initiatives to transcend mere compliance and prioritize impactful societal improvements.
“Our government is committed to the industrial development of the state,” Swain stated. “Corporate Social Responsibility is crucial for societal betterment. It is incumbent upon companies to develop their peripheral areas. While I recognize that every corporate entity invests in CSR activities, this investment should not be limited to compliance. Instead, it should target crucial areas such as women’s empowerment, education, and healthcare in the region. Multinational companies, particularly those benefiting significantly from Odisha, should allocate a greater portion of their funds here.”
The event served as a platform for key figures in industry and government to discuss the future of CSR and its role in sustainable development. A.T. Mishra, Deputy Director General of Forests (C) at the Ministry of Environment, Forest, and Climate Change, stressed the importance of connecting CSR efforts with environmental stewardship. “CSR should extend beyond constructing school buildings or hospitals,” Mishra stated. “We need to focus on outcomes and strive for continuous improvement. To mitigate the environmental impact of industry, we need more plantation and sustainable initiatives.”
Pankaj Lochan Mohanty, Chairman of ASSOCHAM Odisha, delivered the welcome address, emphasizing the organization’s commitment to the four key pillars of growth: sustainability, empowerment, entrepreneurship, and digitalization. “These are the foundations of a future-ready economy,” Mohanty remarked. “We are working closely with the government, community, and industry to balance economic development with social responsibility.”
Prashanta Hota, Chairman of the ASSOCHAM Odisha State CSR & Sustainability Council, echoed Swain’s sentiments, adding, “Social responsibility without sustainability is merely donation. Emissions are a global issue. Industries focused on profit and dividends should prioritize sustainability and the planet. We need to create a vibrant, efficient, and equitable model for this, and the government must play its part.”
The event featured two engaging panel discussions. The first, titled “Driving Sustainable Growth: Innovative Strategies for CSR in Odisha,” explored cutting-edge approaches and best practices for businesses to foster sustainable growth through CSR. The second, “Building Resilience: Navigating Climate Change and Environmental Challenges in Odisha,” addressed the urgent need for resilience-building strategies tailored to Odisha’s specific climate and environmental challenges. Both discussions highlighted the importance of collaboration, innovation, and strategic planning in achieving sustainable development goals.
An exhibition showcased various CSR initiatives from stakeholders across the state, aiming to raise awareness about impactful projects and encourage more businesses to engage in sustainable development efforts.
The event concluded with an awards ceremony celebrating organizations excelling in CSR and sustainability. The awards not only recognized these organizations but also served as a testament to the dedication and innovation driving positive social and environmental change. The awardees were acknowledged as inspirational role models for other businesses striving to make a difference.
The event underscored a shared commitment among government officials, industry leaders, and social advocates to enhance CSR practices, ensuring they contribute meaningfully to societal advancement and environmental sustainability.
