NK Singh backs using part CSR funds for climate

Leading economist and co-chair of independent G20 expert group on multilateral development banks (MDBs) NK Singh on Friday made a strong case for recalibrating corporate social responsibility (CSR) funds for bridging gap in climate financing. He said if a part of this could go towards funding of climate action in the country, it could be a very powerful resource and the large unfunded needs of climate actions can be in some way bridged.

"If part of CSR resources would go towards funding of climate action in this country, it could be a very powerful demonstration of harnessing Public, private partnership for overall, social good," Singh said.