Explain the social responsibility of business
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Answer:
Social responsibility is a means of achieving sustainability. Adopting key social responsibility principles, such as accountability and transparency, can help ensure the long-term viability and success of any organization or system.
In 2010, the International Organization for Standardization (ISO) published an international standard, ISO 26000, to help organizations assess and address their social responsibilities. ISO 26000-2010: Guidance on Social Responsibility defines social responsibility as:
The responsibility of an organization for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior that:
Contributes to sustainable development, including health and the welfare of society
Takes into account the expectations of stakeholders
Is in compliance with applicable laws and consistent with international norms of behavior
Is integrated throughout the organization and practiced in its relationships
Organizations can achieve sustainability by paying careful attention to their impact on society and the environment. Behaving in a transparent, ethical manner ensures an approach that helps protect the long-term success of society and the environment.
Another tenet of social responsibility is the triple bottom line, also known as "people, planet, and profit." This is the belief that achieving profit does not require harm to the planet or the exploitation of people. Organizations can profit while also taking care of the planet and people.
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Answer:
The Social responsibilities of corporate companies are known as Corporate Social Responsibility. It is a duty of the corporate body to protect the interest of the society as well as the environment. ... So the companies should provide goods and services legally, efficiently and profitably to the society.
Explanation:
Social responsibility is the obligation of businessmen towards the society. ... According to Peter F Druker, “Social responsibility requires managers to consider whether their action is likely to promote the public good, to advance the basic beliefs of our society, to contribute to its stability, strength and harmony please mark me brainlist