By Abhishek Rahman, MDiv Candidate, Harvard Divinity School
Are corporations improving their environmental, social and governance footprint? According to the panelists at a SAI Special Event on November 18th titled ‘The Use of Philanthropy and Corporate Social Responsibility for Social Change in South Asia and the US,’ there is good reason to be optimistic, though there is much work to be done.
Moderated by Alnoor Ebrahim, Harvard Business School, the event, which took place at the Harvard Faculty Club, highlighted models of philanthropy and corporate social responsibility in India and the U.S. and included panelists Rohini Nilekani, chairperson of Arghyam Foundation, and Geeta Pradhan, an executive at the Boston Foundation.
Drawing from their diverse experiences in the private and public sector, the panelists agreed that progress in the field of philanthropy and corporate social responsibility in the past decade has been driven by a combination of evolving global guidelines, increased stakeholder expectations, and more demanding corporate disclosure requirements.
Recalling her personal trajectory in the social sector space, Nilekani talked about how the definition of philanthropy in India has changed from “having a big heart to now having big wealth.”
Commenting about the influence of her left-of-center political beliefs on her philanthropy, she told the audience, “I believe, in a country like India, only when we build a strong society or samaj, can development happen. So, I spend my philanthropic capital to build people’s institutions, which can resist the oppressive forces of the state and the market.”