Tag: Philanthropists

Creating Systemic Impact (2)

The Convergence Foundation co-hosts a landmark conference on ‘Creating Systemic Impact’

Bengaluru, 26th June 2024: The Convergence Foundation, in collaboration with Rohini Nilekani Philanthropies, Centre for Exponential Change, and India Impact Sherpas (knowledge partner), hosted a landmark conference on ‘Creating Systemic Impact’, bringing together development practitioners, thought leaders and philanthropists to focus on the practices and enablers of systems change.

Organizations that adopt the systems change approach—System Support Organisations (SSOs)—work closely with governments at both the central and state levels to create large-scale impact by addressing the root causes of problems rather than applying quick fixes or band-aid solutions.

In the keynote address by Rohini Nilekani, Chairperson of Rohini Nilekani Philanthropies, she emphasized, “This decade is one of the most critical decades in human history, demanding inclusive and exponential social change. We have the best chance ever now to create a different future than is feared. But for that, we need risk capital deployed strategically and urgently to reduce the friction between Samaaj, Sarkaar, and Bazaar, and unlock the true potential of each. Philanthropists and foundations must step forward NOW! Let’s think bigger, be bolder in our collaborations, and place better bets on leaders who are invested in systemic change.”

The Convergence Foundation

A highlight of the conference was a panel discussion on ‘Unlocking Funding for Systemic Impact’, moderated by Praveen Khanghta, Head of Strategy and Investments at The Convergence Foundation. The panel featured esteemed speakers including Murugan Vasudevan, CEO of Veddis Foundation; Shruti Shibulal, CEO and Director of Tamara Leisure Experiences; Srikanth Viswanathan, CEO of Janaagraha; and Sumit Tayal, CEO of Give India.

Bikkrama Daulet Singh, Operating Partner at The Convergence Foundation, while emphasising the urgent need to unlock funding for systemic impact, stated, “The systems change approach holds the highest potential for transformative change. Philanthropists seeking maximum return on investment should prioritize supporting organizations that collaborate with governments to achieve scalable and sustainable results. It is crucial for philanthropists and system orchestrators to learn, reflect, and continuously align their efforts to maximize their collective impact.”

The conference also featured the unveiling of Sanjay Purohit’s book, Think Sustain, the third instalment in the Think book series. The book was launched by Rohini Nilekani. Alongside Think Scale and Think Speed, Think Sustain aims to inspire change that leads to impactful transformations. These Think books serve as companions in the journey to achieving impact at scale.

Sanjay Purohit, the author, CEO, and Chief Curator of Centre for Exponential Change, expressed his gratitude at the conference, saying, “C4EC is an emerging space for co-creation and collaboration bringing together system orchestrators, diverse enablers, and influencers to enable exponential change journeys. The reason why we co-founded this Centre is because we know that the exponential change journey is long and winding and we all need to come together to inspire these ripples of change. Like we strive to conserve natural systems (such as coral reefs and rainforests) that sustain the health of our planet, we must strive to enable system orchestrators, who ensure the health of our society.”

The conference marked a significant step towards fostering collaboration and innovation in addressing India’s complex challenges at scale. The commitment and insights shared by the participants underscored the potential of systems change to drive sustainable and impactful development across India.

Vedanta Chairman Mr. Anil Agarwal Ranked Among India’s Top Philanthropists

Vedanta Chairman Anil Agarwal has been ranked among the top philanthropists in the country, according to the EdelGiveHurun India Philanthropy List 2020.

The Hurun Report says that Mr Agarwal’s contribution this year has risen by 90 per cent compared to the previous year and has ranked him among the top five philanthropists in India.

The Hurun report says that Vedanta has contributed more than the government-mandated 2 per cent towards corporate social responsibility. The report includes cash and cash equivalents pledged with legally binding commitments for the twelve months from 1 April 2019 to 31 March 2020 and the latest available CSR data filed with the Ministry of Corporate Affairs.

Vedanta has been at the forefront of the fight against Covid-19 and contributed Rs 101 crore to the PM-CARES Fund. The company also created a special corpus of Rs 100 crore for Covid-related initiatives to support daily wage earners and local communities.

In line with his philosophy of Giving Back, Mr Agarwal has pledged 75 per cent of his wealth for social good. He has created the philanthropic arm of the Group – The Vedanta Foundation – with a deep-seated belief that businesses must give back to society and help people prosper.

“The foundation works towards education and computer literacy, vocational training, women & child empowerment, and community welfare,” the Hurun report has said.

Under the aegis of Vedanta Cares, Mr. Agarwal has created the Nand Ghar – a network of model Anganwadi which are focused on eradicating child malnutrition, providing education, healthcare, and empowering women. Vedanta has rolled out more than 1700 Nand Ghars in India, enhancing the lives of numerous women and children at the grass-root level. The Group CSR initiative comprises of seven key verticals – Education, Healthcare, Water and Sanitation, Sustainable Livelihood, Skilling, Sports & Culture and Employee Volunteering.

Vedanta Foundation, a philanthropic initiative of Vedanta Group is focused on skill development and vocational training programmes for the underprivileged to make them employable. A key healthcare speciality CSR project is the Balco Medical Center, a 200-bed state-of-the-art Cancer care hospital located in New Raipur, Chhattisgarh. The company supports grassroots level sports through their Football academies in Goa and Udaipur.

EdelGive Foundation has partnered with Hurun India towards creating this report to understand philanthropic giving in the country.