Social Responsibility
The principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits. Investopedia Says:
Socially responsible companies can act in a number of ways to benefit society. For example, companies can give money to the arts, fund academic scholarships, support community-building initiatives, and so on. They can also commit to not pollute or to reduce the pollution they put out, to not build weapons, and so forth. Related Terms:
Domini 400 Social Index
Dow Jones Sustainability World Index
Green Fund
Land Rehabilitation
Marginal Social Cost - MSC
Pigovian Tax
Sinful Stocks
Socially Responsible Investments - SRIs
True Cost Economics
Utilitarianism |