"Our biggest challenge this century is to take an idea that seems abstract—sustainable development—and turn it into a reality for all the world’s peoples." - Kofi Annan, former UN Secretary General
Sustainable Development of a nation is now no longer being considered the primary responsibility of the State. As part of their Corporate Social Responsibility, businesses are walking shoulder to shoulder along with the Government, towards this ultimate goal to attain sustainable development. CSR, an integration of business strategy and ethics, is an important strategy for businesses in 21st century knowledge economy. It is a dynamic business process that has the potential to alleviate the concerns and aspirations of various stakeholders.
Businesses are addressing developmental issues independently as well as together with stakeholder; simultaneously supporting governments with additional resources, management skills and technical expertise for building a robust nation. The increasing influence of business has not overshadowed the Government’s role. The role of the Government is still vital with gamut of actions at its disposal right from providing infrastructure to framing and implementation of legislations etc. Therefore, the model of Public-Private-Partnership shall surely pave way for social and environmental sustainability.
Ethos of aligning CSR goals with the core development goals of the government in purist perspective requires an innovative, effective CSR space. Through facilitating conclaves, symposiums, thematic discussions, the Centre for Excellence shall provide the Government and enterprises with a common podium. This shall encourage better understanding, experience sharing, and learning better ways to address economic growth together with social development. The Centre shall assist enterprises to pragmatically explore target areas for collaboration and formation of Public Private Partnership (PPPs) for long-term partnership between the industry and the Government, thereby enhancing economic performance and social development.