Companies should not be legally bound for CSR, this should be the call of conscience: Premji

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By: Paromita Ghosh

Last Update: 2021-02-21 15:51:02 IST

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He said, "When I visit the work areas and see my team or team of colleagues dedicating themselves wholeheartedly to improving the standard of living of people, there cannot be a higher level of satisfaction."

Azim Premji, founder of IT company Wipro and one of the country's biggest philanthropists, has termed CSR's legal obligation as unnecessary. Premji, who donated a total of Rs 7,904 crore last year, said on Saturday that companies should not be legally bound to Corporate Social Responsibility (CSR).

In an event organized by the All India Management Association (AIMA), Premji said, "The spirit of benevolence or charity towards society should be a call to conscience, it should not be imposed through any law from outside. Although this is my personal view."

Currently, CSR is a legal obligation for companies. Premji said that personal philanthropy should be seen as separate from the CSR of companies. Describing the era of the Kovid-19 epidemic as conscious, he said that this period has indicated the importance of investment on basic needs like health to bring equality and justice in the society.

He said, "When I visit the work areas and see my team or team of colleagues dedicating themselves wholeheartedly to improving the standard of living of people, there cannot be a higher level of satisfaction than this."

It is noteworthy that Premji played a key role in making vegetable oil manufacturing company Wipro a billion dollar IT services company. He is known as the wealthiest person in the country and the highest donor. He said that people should do charity wherever and whenever they get a chance. If needed, people should form institutions and support programs.

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