CSR is about responsibility: Richard Welford


Corporate social responsibility goes far beyond what is envisaged in India’s current CSR rules, says Welford

Richard Welford, co-founder and chairman of CSR Asia, an independent think tank and consultancy firm that is a strategic partner of IRBF Index 2015, has been working on environmental management and social responsibility for over two decades. A pioneer of social auditing in the UK, Welford is of the opinion that corporate social responsibility (CSR) goes far beyond what is envisaged in India’s current CSR rules. In an email interview, Welford shared his views on the value of conducting business in a responsible manner. Edited excerpts:

What is corporate social responsibility (CSR) according to you?

It is about how you do business and not how you give away or utilize the profits you make from that business. In India, CSR is about how you give away your profits and not how you make those profits. I feel the approach of the companies in India has been narrowed down to just doing philanthropy rather than taking affirmative action towards business processes—barring a few top companies—with the new legislation..................Read more

 

Source: livemint


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