Anant G. Geete, Union Minister of Heavy Industries and Public Enterprises will be inaugurating a three day long CSR Fair today at Pragati Maidan in New Delhi.
This mega event is being organised by the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises; PHD Chamber in collaboration with ONGC, to provide a platform to all stakeholders, including central ministries/departments, CPSEs/state PSUs, private companies, NGOs/foundations etc. to showcase their CSR activities, sharing of their best practices and also an opportunity to connect with other stakeholders.
The event will also see launch of CSR Compendium, an exhaustive review of success stories of CSR initiatives of CPSEs/state PSUs, private companies, and NGOs/Foundations.
The objective of fair is to provide a leading platform to corporate leaders, organizations, implementing agencies and business experts to identify practical solutions for the problems concerning the participatory implementation of CSR projects at the ground level. Besides, this it helps in giving an opportunity to network and build mutually enriching strategic relationships with various stakeholders and key partners.
On this occasion the success stories of creative and innovative CSR interventions will be shared and the stake holders will also be sensitized about leveraging CSR for competitive advantage.
In the realm of business sustainability, SEBI has mandated business responsibility reporting for top 500 listed companies based on their market capitalization from April 1, 2016. This move is an effort to improve corporate governance practices and transparency in terms of reporting of socially responsible activities carried out by the business houses.