PINAKI MAJUMDAR
Jamshedpur, Feb 5: The two-day International Conference on ‘Enabling Social and Business Responsibility in Our Globalised World’, hosted by the JRD Tata Foundation for Business Ethics and XLRI, in collaboration with international partners concluded successfully at Jamshedpur.
The conference, held at the XLRI campus brought together a diverse group of leaders, scholars and practitioners from various corners of the globe, all united by a common interest in fostering ethical practices within the business community and beyond.
The conference began with opening remarks that set a reflective and aspirational tone, emphasizing the critical role of ethical leadership in shaping a more just and sustainable world.
The messages from Fr. George, SJ (Director of XLRI), Fr. Jerry Coutinha, SJ (Jesuit Provincial), and Fr. Donald D’Silva, SJ (Dean Admin-Finance at XLRI), underscored the foundational values of the JRD Tata Foundation for Business Ethics and XLRI, highlighting the importance of community, compassion and commitment in leadership.
The participation of distinguished guests like Soni Sinha, Chief Ethics Officer, Tata Steel and Amit Raj Sinha, MD and CEO, Sigachi Industries Limited, Hyderabad, provided invaluable insights into the practical application of ethics in business.
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Soni Sinha advocates ethics for future leaders
Soni’s discussion on Tata Steel’s approach to ethics exemplified how organizations could embody ethical principles systematically.
She urged the future leaders to practise ethics and responsibility in the personal and professional lives.
She quoted JRD Tata, “No success or achievement in material terms is worthwhile unless it serves the needs or interests of the country and its people and is achieved by fair and honest means.”
Amit Raj Sinha emphasizes ethical decision-making and ESG integration
Sinha’s focus on ethics in decision-making and the integration of ESG considerations into business operations offered a roadmap for embedding responsible practices into corporate DNA.
He dwelt on the ethical dilemmas that every individual and industry faces and gave tips on how to resolve these dilemmas ethically.
Drawing from the three pillars of the golden circle, What, How and Why, he urged the leaders to recognise the purpose of one’s own life and that of the industry.
“Discovering the purpose and acting according to it is crucial in the lives of every business entrepreneur,” he added. The prime reason human beings continued to prosper and grow is not intellect or adaptability, but our sense of culture and community.
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He urged the participants and practitioners to contribute to our community with hard work, commitment and responsible ethics.
The conference featured a rich array of paper presentations, covering a wide range of topics from ethics in higher education and corporate governance to innovative practices in green technology and ethical AI applications.
