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Social Impact Investing

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activities as those in other industries. This duality complicates assessments of such<br />

firms with respect to CSR.<br />

The Kizhakkambalam Takeover<br />

Textile company Kitex has taken over the administration of an entire Indian village<br />

called Kizhakkambalam near Cochin by winning the local body elections.<br />

Environmentalists and mainstream politicians of India point out that this can lead to a<br />

dangerous precedent because the company got actively involved in CSR only after they<br />

were caught red-handed in polluting the village.<br />

Page 57 of 140

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