Businesses that practice social responsibility pledge to behave morally and make meaningful contributions to society in addition to pursuing their own financial goals. It entails taking into account how decisions made by the company will affect different stakeholders, such as the environment, communities, customers, and employees. Companies that uphold social responsibility frequently take part in initiatives that advance social welfare, such as contributing to community development, supporting charitable causes, and using fair labor practices. Making a profit while taking social and environmental concerns into account is the aim.
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Arsalan (2020). ETHICS, SOCIAL RESPONSIBILITY AND SUSTAINABILITY. [online] Academic Master. Available at: https://academic-master.com/ethics-social-responsibility-and-sustainability/.
Starbucks Coffee (2019). Follow Starbucks 15 year journey to 100% ethically sourced coffee with conservation International. YouTube. Available at: https://www.youtube.com/watch?v=X9g6Z0FYTn8.
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"Business ethics, social responsibility, and environmental sustainability are crucial for long-term success, fostering trust, and creating a positive impact on society and the planet."
ReplyDeleteAbsolutely! Doing business the right way, being nice to people, and taking care of the environment are really important. It helps companies do well in the long run, and people trust them more. And it's good for the world we live in. So, it's like a win-win – companies succeed, people trust them, and the planet stays happy too!
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