Operating a company in a socially responsible manner refers to running a company or business such that it behaves ethically and contributes to economic development. A company has the responsibility of improving the quality of life of the employees, community and society. The company should be sensitive towards social, cultural, economic and environmental issues. This helps the organization to have a positive impact on development in the society. On a global level, companies must be accountable for their impact on the environment.
Social responsibility matters for companies due to various reasons. First, consumers regard companies with corporate social responsibility highly. More than 88% of ...