#corporate social responsibility

#corporate social responsibility

Most for-profit companies still confine nonprofit relationships to corporate philanthropy. Donations flow through foundations, annual reports highlight community contributions, and nonprofit engagement is framed as evidence of corporate responsibility.

During their 26-year tenure building the Prax Group from a startup oil trading company into a global integrated conglomerate, Sanjeev and Arani Kumar Soosaipillai embedded philanthropy into the organisation's identity. Prax Foundation Roots, the charitable arm they established, focused on supporting orphanages in Sri Lanka and communities near Prax operations on a zero-cost basis. Philanthropy entered the company's DNA from the start, and the Foundation's structure bore the imprint of the co-founders' shared outlook.

As the Trump administration has ramped up its assault on American democracy, many corporations have chosen to look the other way or to curry favor with the president. They have fired employees who were too outspoken in their criticism of Donald Trump ABC's suspension of Jimmy Kimmel's late-night talkshow, after Kimmel's remarks about Maga's reaction to the killing of Charlie Kirk, is the latest example.

Capitalism as we know it is dead. We're going to see a new kind of capitalism. If your orientation is just about making money, I don't think you're going to hang out very long as a CEO or a founder of a company.