Financial Daily from THE HINDU group of publications
Sunday, May 29, 2005
Financial Daily from THE HINDU group of publications Sunday, May 29, 2005 |
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Corporate
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Environment `Sustainable development, corporate responsibility must go hand in hand' Our Bureau
New Delhi , May 28 THE Union Commerce and Industry Minister, Mr Kamal Nath, has said sustainable development and corporate responsibility must go hand in hand. Speaking at the Corporate Awards Ceremony of The Energy and Resources Institute here, the Minister said: "If trade and commerce - and by extension, business and industry - is not sensitive to its social and environmental contexts, it will not be sustainable. And if it is not sustainable, it will collapse." He said at a time when Indian companies are developing global outreach and widely spread business networks it is necessary that they be careful about their footprints on society and on the environment. "This is where I see an immense potential of corporates in being partners with the Government and with their stakeholders. Indian industry today has to think beyond traditional ways of doing business and creating wealth".
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