Vice-chancellor of Amity University Balvinder Shukla has advised the industry to take corporate social responsibility (CSR) seriously since they are using the natural resources of the society for their development.
Presiding over the morning session on the concluding day of the third International Conference on Business Ethics and Corporate Social Responsibility at Cordia Group of Educational Institutes at Sanghol on Sunday, she said the industry should voluntarily spend a part of their profit on replenishing the natural resources of the society that they had used for profit making.
She advised the delegates to analyse the impact of the CSR on the development of society so that their real contribution to society could be assessed.
Prof Thomas Fraser, Professor Emeritus, the UK, highlighted Lala Lajpat Rai's contribution in creating educational infrastructure in India when the British Rulers were ignoring the education sector.
Presided over the second session, chairman of the Cordia Group of Educational Institutes Lord Diljit Rana thanked the speakers for sharing valuable insight.
BS Bhatia, professor Emeritus at Sri Guru Granth Sahib World Sikh University, cited the case of industries in Ludhiana for first creating health problems by dumping industrial waste in Budha Nalla and then giving some money for setting up of health facility. “This type of CSR is not helping the society rather creating difficulties for it”, said Bhatia, emphasising that the real contribution of the corporate to the society should be assessed instead of looking at their balance sheet figures.
Presiding over the third session Prof BB Goyal from University Business School, Panjab University, Chandigarh, advised the delegates and students to go in for empirical studies to make the research more useful.
Campus director RK Sharma, proposed the vote of thanks.