The Rockfeller Foundation has chosen Ratan Tata, chairman of Tata Sons, as the recipient of Lifetime Achievement Award. Tata was honored by the Foundation for incorporating public good into the business model of the Tata Group.
Tata said businesses should be sensitive to the fact that they are making a difference in places where they operate and they have to do things to help the community prosper. He gave the example of a voluntary group in his organization in which employees get leave from their jobs to help victims of natural disasters like tsunamis and earthquakes in India.
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Here are the star companies that have succeeded in their corporate social responsibility (CSR) programs. The companies were gathered by Civic 50, a national initiative to survey and rank S&P 500 corporations on how they engage with the communities they serve and utilize best practices in their corporate cultures.