Spending money on corporate social
responsibility activities will not benefit the society if
companies make profits by "corrupting" the political brass and
damaging the environment, according to Planning Commission
Member Arun Maira.
He said the level of people's trust in
both public and private institutions are declining worldwide.
"If you keep making profits by corrupting
the political brass, by damaging the environment, by being
unfair to people whose land you take and so on, and then you
spend about two per cent of your profit back on some so-called
CSR, you are not going to improve the condition of the society,"
Maira told PTI here.
Maira said business responsibility is not
just about CSR activities but also about understanding its
overall impact on communities as well as the environment.
He was speaking on the sidelines of a
seminar organised by NGO 'Cuts International'. In response to a
query on whether there are concerns about cronyism in the
country, Maira said: "Of course, we are concerned".
"If business behaves in a fashion which is
sort of getting things for itself in the political system, in
the government and the governance system, then it is destroying
the institutions on which people fundamentally depend for
ensuring justice, fairness and equity," he noted.
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