Sustainable Development & Corporate Social ... - moodle.utc.fr

Sustainable Development & Corporate Social ... - moodle.utc.fr

Sustainable Development & Corporate Social Responsibility: An Indian Perspective Dr. Subhasis Ray Professor Xavier Institute of Management Xavier University India 1

2 India- A study in contrast

5000+ years of culture, history, philosophy Fastest growing economy (PwC, 2019) Top 5 economy

Ease of doing business Indigenous R&D- space, infrastructure, IT Economic reforms Healthcare reforms Initiatives and progress in renewable energy and sustainable development Democratic governance 3

103/118 in Hunger Index 4 130/189 in Human Development Index 5

12000+ farmer commit suicide every year 6 Can business contribute to the social /sustainable developmental goals in India ??

7 Answer 1 What do you think of this answer ? 8 Answer 1

Most CSR expenditure for ensuring last mile connectivity of government schemes in areas related to health & education AND for brand promotion 9 Answer 1

Politics and politician driven CSR 10 Answer 1 Marketization of CSR 11

Answer 1 Case Study of the Indian state of Odisha CSR may increase inequality as companies spend their CSR fund close to their area of operation, ignoring poorer regions 12

Can business contribute to the social /sustainable developmental goals in India ?? 13 Answer 2 Incubating social enterprise/ hybrid enterprise

Case study of village women making sanitary pads 14 Answer 2 Incubating social enterprise

15 Answer 2 Findings Problems of market linkage Lack of long term corporate interest Lack of interest in entrepreneurship

16 Can business contribute to the social /sustainable developmental goals in India ?? 17 Answer 3

Sustainable Production & Consumption This will require innovation 18 19 IMPACT focus

Healthy Energy efficient Non-toxic Bio-degradable Renewable Eco-label Organic

Performance focus Comfort Power Speed Quality Low-cost Performance ROI

20 Innovation & Sustainability 1. Regulation driven innovation (Failure-Telling customers what they should want) 2. Consumer driven innovation (Failure-May have negative externalities when

scaled up) 3. Donor supported Innovation (Failure-Too small customer group to scale) 21 Innovation & Sustainability Sustainable Innovation should be 1. Good for the system (system thinking)

2. Good for business investors (business thinking) 3. Good for Customers (market thinking) 22 Innovation & Sustainability Sustainability needs to move from 1. Technological (product/ process)/ system

infrastructure to 2. Organizational(Delivery & Business Model charging station) to 3. Institutional (Policy & Market design -tax, regulations) to 4. Social- (Production & Consumption system

(sharing economy) 23 Business Value Drivers for Sustainability COST RISK

REVENUE Resource Efficiency Legal

Market Access Waste as Input Social/ Differentiati

Reputational on Labor Economic/ Productivity Operation New market offerings

24

Personal Organizational Market Institutional Socio-Political Environmental

Are we looking at all levels while decision making ? 25 26 Humanistic Technology/ Humanistic Management at the Bottom of the Pyramid

27 Humanistic Technology/ Humanistic Management at the Bottom of the Pyramid 28

Humanistic Technology/ Humanistic Management at the Bottom of the Pyramid 29 Humanistic Technology/ Humanistic Management at the Bottom of the Pyramid

Those whom you have left behind, will always pull you back 30 Solving the problem of the poor/excluded will solve the problem of the world 31

Merci 32

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