Amit Banka, founder of WeNaturalists, discusses why mandated Indian corporate social responsibility (CSR) funds struggle to effectively finance environmental initiatives.
“There is a lack of probably intent or understanding of where to spend when it comes to climate action and who to really back.”
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Insight
Startups don't need to be unicorns to create real value
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Opinion
Banka: Humans cannot save nature; climate action is purely self-preservation
“I don't think we can save nature. Nature doesn't need your input. Nature will figure out its own course. Whatever you're trying to do is for your own selfish reason to save yourself.”
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AssertionNot checkable as stated
Banka saw 100-crore corporate loans lacking borrower signatures in 2003
“I've been exposed to some of the loan documents at that time, which didn't even have the borrower's signature. And there were a hundred plus crore loans.”
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Insight
Banka: Corporate and climate NGO sectors struggle to cross-pollinate talent
“The corporate world and the NGO and social world and the climate action world are two distinct environments. Right. Someone who's In the corporate world cannot see a career for himself or herself in that particular zone and vice versa. One is lack of skill, la…”
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Insight
Every Indian city has a Mumbai, and Mumbai has a village
“And I also, and just to add to that thought process, I've seen a Bombay in every city. So there's a part of, in, and there is a village in every Bombay.”
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AssertionSupported
Banka: UTV's three global acquisitions made it India's largest gaming company
“We acquired India games. We acquired another company in London and another MMO company in in U S true games. And with all these three acquisitions, we were the largest gaming company in the country.”
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