
Social responsibility of business
Social responsibility of business refers to a company's duty to operate ethically and contribute positively to society. This includes ensuring fair treatment of employees, minimizing environmental impact, and operating honestly with customers and stakeholders. It involves balancing profit goals with actions that benefit communities and the planet. Essentially, responsible businesses recognize that their success depends on the well-being of society and aim to make a positive difference beyond just making money. This approach helps build trust, reputation, and sustainable growth in the long term.