New Delhi, December 16, 2014: Centre for Responsible Business (CRB),
has partnered with ISEAL Alliance, UK to organize a day-long seminar on the
topic ‘CSR Mandate & Voluntary Sustainability Standards: Contribution to
Business, Economy, Society and Environment in India’. The event was
organized in Leela Ambience, Gurgaon and included speakers from the Government
of India, United Nations, World Wildlife Fund, International Labor Organization
and Quality Council of India. The entire day was dedicated to discussing various aspects of
engaging with CSR and sustainability through voluntary standards, in both the
public and private sector businesses and was attended by over 120
representatives from government, businesses and civil society organizations.
India is currently ranked 142nd
in World Bank’s ‘ease of doing business’ index, and the Government of India,
under the leadership of Prime Minister Narendra Modi, is committed to reversing
this situation through the ‘Make in India’ initiative. An important step being
taken by the Government in this direction is the effort to ease the regulatory
landscape by reducing government interference and promoting self-regulation.
Voluntary Sustainability Standards (VSS) can play an extremely important role
in providing businesses with frameworks for self-regulation, and making them
more competitive in the sustainability conscious global markets.
Mr. Ashok Kumar Pavadia, Joint
Secretary, Department of Public Enterprises, Government of India, mentioned in
his keynote speech how CSR in India has evolved over a period of 6 years. He
said, “India is a happening place as far as CSR is concerned because of the
number of changes going on here. We have formulated our own perspective since
different stakeholders in different countries have different perspectives on
CSR and sustainability.”
Ms. Karin Kreider, Executive
Director, Iseal Alliance, said, ”In the coming years, India will face
tremendous challenges in terms of sustainability issues like population growth,
climate change, water pressures and sustainability standards offer a roadmap
for both sustainable production and consumption to help producers to improve
their sustainability impact.”
While roll out and implementation of CSR Mandate, enabled through the
Companies Act, is gradually shaping up in India, Voluntary Sustainability
Standards (VSS) as a framework and tools for businesses/industry
self-regulation, are increasing in use and scope, and standard setting, as a trend, is
gaining momentum in India. While use of VSS in the domain of sustainable
development is much higher in the developed economies, awareness and understanding of impacts of VSS in India is relatively low.
Dr. Bimal Arora, CEO for CRB,
said “We try to achieve 8 percent growth target with balanced growth in all
sectors. While this is commendable, it also has negative impacts on environment
and biodiversity. Correspondingly, there has been increase in number of
institutions working on CSR, and CRB is one such institution working towards
sustainability in a trading context”.
For further information, please
contact Tilak Pattnaik at 011-41088853 or drop a mail at communications@c4rb.net
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