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Pioneering rapid growth in technology via CSR

By Princewill Ekwujuru

The technological revolution of the past 150 years has given people around the world easy access to everything from smartphones to life-saving medical devices. While one may not yet be aware of all the implications of our hyper-connected society, it is abundantly clear that the rapid growth in the capability and availability of smart technology is a net positive for everyone. However, despite the progress that has accompanied bringing futuristic technology to so many homes, the technological revolution has had a negative impact on the environment and emerging markets still lag far behind their developed peers.

csr6The rise of mobile technology means more consumers are spending more time with more devices and power consumption has risen around the globe, particularly in emerging markets. The increased demand for smartphones has also fuell ed exploitative labour practices and environmentally hazardous strip mining for coltan and other minerals in underdeveloped parts of central Africa.

Unfortunately, the costs associated with the massive steps forward in technological development are being borne by those living in emerging markets.

The solution to these difficult issues is not to give up our technology. Rather, technology has the power to solve these problems and prominent firms are taking hands on roles in affected communities and seizing the initiative in creating products and projects that are affordable, sustainable and ethical. One of such companies is LG Electronics with its extensive Corporate Social Responsibility, CSR activities aimed at giving back to its host communities.

LG is helping to lead the way with its highly energy efficient products and CSR activities that are helping to redefine the company as both a green innovator and a humanitarian crusader. LG’s involvement in charitable causes has set the company apart from profit-driven competitors and helped improve countless lives.

Speaking at the opening ceremony of the Academy, Managing Director, LG Electronics West Africa Operations, Mr. Seonghak Kim said: “As a socially responsible and purpose driven organization, LG Electronics believes that in order to get the best out of students, the right learning environment ought to be created, which is what informed the establishment of the LG Commercial Air Conditioning Academy in the University of Lagos. Indeed, we believe this will go a long way to boost the intellectual and technical capabilities of the students.

“This scholarship is being awarded to 10 students of 400 and 500 levels from the Faculty of Engineering who emerged as best students after a careful selection by both the university authority and LG Electronics based on their Grade Points of 4.0 to 5.0, which made them stand out from their colleagues.”

Also speaking, Vice Chancellor, University of Lagos, Professor Rahamon Bello said: “on behalf of the University of Lagos, we are highly appreciative of this gesture from the people at LG Electronics- for counting us worthy to be the site for this iconic academy. All over the world there is a great push for more of our young people to be involved in engineering and it is good to see a company of this magnitude investing in the development of Nigerian Youths, giving them the enabling platform to live their dreams”.

Speaking further, Professor Bello said that the annual LG scholarship grants to deserving UNILAG Engineering students which is in its third year is really empowering its students enabling them focus on the things that matter.

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