Corporate philanthropy in Odisha: A study on public sector and private sector corporates

The philanthropic instinct is perhaps as old as human civilization. It is an intrinsic urge of our higher nature and a well-developed entrepreneurial temperament has a natural urge for philanthropy. The field of Corporate Philanthropy (CP) has grown exponentially in the last decade. A large number of companies than at any time previous are engaged in the serious effort to define and integrate corporate philanthropy into all aspects of their businesses. An increasing number of shareholders, analysts, regulators, activists, labour unions, employees, community organizations, and news media are asking companies to be accountable for an ever-changing set of Corporate Philanthropic issues. There is increasing demand for transparency and growing expectations that corporations measure, report and continuously improve their social, environmental and economic performance. The present study is to give a glance about the socio, economic and equitable challenges of Odisha and how the public sector and private sector corporate operating in the state are involved in philanthropic activities.