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Ratan Tata on corporate citizenship

March 8, 2010

We’ve written before about Ratan Tata (left), head of India’s biggest business conglomerate and recognized philanthropist.  Tata spoke recently at the inaugural Thomas J. Bata Lecture Series on Responsible Capitalism hosted by the Schulich School of Business, here at York University in Toronto.  The talk, and a panel following, were very well received from what I heard.

According to Tata, his company spends four per cent of its annual net profit on building infrastructure in the Indian communities in which they operate. Projects include running mobile medical facilities that offer treatment and services to people who otherwise could not afford it, as well as providing communities with proper nutrition and clean water.

I was glad to read that Tata talked about the importance of corporate citizenship and philanthropy beyond helping the business bottom line:

Providing clean drinking water to impoverished communities in India adds nothing to his firm’s bottom line… But it does create the sort of goodwill that no corporate ad campaign could ever achieve.

Read more about the event here.


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