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As guests left the CSR International launch event, many were smiling – some bemused, some amused, but most hopeful, having just witnessed the birth of a new era of Corporate Sustainability & Responsibility. This International Event was organized by the Faculty of Management Studies/ Center of Management Excellence & Research (CMER) at the University of Central Punjab, Lahore.
The purpose of the conference was to achieve a series of objectives, of which the most important is raising awareness on the vital role that national and multinational companies can play in the development of commu-nities, they serve.
The research partners for the summit included Boston University, USA, The University of Manchester, USA, International Business Leaders Forum, Global Change Impact Studies Center (GCISC), Pakistan and Pakistan Metrological Department.
City District Nazim Karachi, Syed Mustafa Kamal delivered his address at the inaugural session and talked about various development projects of Karachi. Tariq Hassan, Board Member LEAD Pakistan welcomed the audience while Dr.
Adil Najam, Nobel Peace Prize holder, a renowned international environmental expert and Professor at Boston University briefed the audience about the international climate challenges and insights of the climate response challenge.
CSR is the integration of business operations and values, whereby the interests of all stakeholders including business owners, employees, customers, and the share for community development are reflected in the corporation’s policies and actions.
This conference on CSR highligh-ted many tracks of social responsibility, such as: Workplace; Media; Marketplace; Community Care; Arts & Culture; Environ-ment; Activism; and CSR Focused Activities.
Some of the main outputs of the project phase-1 include effective policy and incentives, including piloting an appropriate tariff level and structure, applicable to wind power IPPs.
The core objective of this seminar was to enlighten the project stakeholders on tariff design, economic & financial cost analysis and components of Energy Purchase Agreement (EPA)/Power Purchase Agreement (PPA) for wind power projects. The informative sessions helped participants understand the dynamics of tariff designs, mutually beneficial to the all concerned entities, and subsequently increase the viability of wind power projects in Pakistan.Climate change is an equally significant threat for the corporate sector.The climate disasters may result in instability of workforce, unavailability of natural raw material and infrastructure.“We have already taken the initiative of Corporate Social Responsibility (CSR) in our organization.The Bio-diesel project of PSO is an example of the same and we are all willing to contribute our share in this larger cause,” said Tariq Razvi, GM Corporate Planning PSO at the occasion. Ramiz Ahmed Faraz, HSE ENGO Chemical briefed about the Clean Development Mechanism while presenting his case study.He leaves behind baby daughter, named CSR 2.0.” Visser’s eulogy was followed by touching tributes from friends and colleagues, who each lit a candle in his memory.As the lights went up, flowers were handed out by Ms Clemence Viel and minstrel Mr Lenny Charles launched into a festive tune on the berimbau, Visser conducted a spontaneous naming and blessing ceremony: “Some of you may be wondering who this innocent child is.The inaugural session was followed by the Technical and CEO session.Various corpo-rations presented their case studies during the session.Supported by British High Commission, the summit has been able to gather good support from all the stakeholders including Government, Corporate Sector and Research bodies.In addition to the role played by governments, social sector and other stakeholders, corporate sector also has to play an active role in this cause.