Social responsibility and sustainability are two closely related concepts that emphasize the ethical and environmental obligations of individuals, organizations, and communities towards society and the planet and environmental considerations in addition to pursuing financial goals. There is significant overlap between social responsibility and sustainability, as both advocate for actions that consider the well-being of people, the planet, and future generations. This includes promoting ethical business practices, supporting social justice initiatives, advocating for environmental conservation, and addressing systemic inequalities. These practices are becoming increasingly important as consumers, investors, and governments place a higher emphasis on corporate responsibility and sustainability.
Here's an overview of these concepts:
Social Responsibility in Business:
Ethical Practices: Social responsibility involves adhering to ethical business prac…