Essay > Words: 1259 > Rating: Excellent > Buy full access at $1
What Is Social Responsibility?
How do companies carry out social responsibility?
That is a common essay question.
To effectively write an essay on social responsibility, first, you have to understand what it is.
The term is coined from two words: social and responsibility.
Social refers to society, while responsibility refers to accountability.
Therefore, social responsibility looks into what a company does to be accountable for society.
Social responsibility requires a company to prioritize the needs of society before their own.
How Do Companies Carry Out Social Responsibility?
Examples of social responsibility include:
Organizations all over the world fulfill social responsibility through philanthropy.
Philanthropy, in most cases, involves providing financial aid to those who need it.
Also, providing products and services for free counts as philanthropy.
One organization that can be referenced for its philanthropic acts is the Bill and Melinda Gates Foundation.
The organization funds millions of dollars annually towards charitable courses such as promoting better healthcare and providing education to the less fortunate in Africa, the Middle East, and South America.
Another example of philanthropic social responsibility is Warren Buffets vow to contribute 85% of his wealth to charitable courses.
Google Corporation also donates in an effort to fulfill social responsibility: in 2017, the tech giant set aside a $1 billion grant to fund non-profit innovations aimed at solving global challenges.
2. Environmental conservation
Global warming and adverse climate change are universal calamities that need to be solved if the world is to survive another millennium.
So, it makes sense that organizations use environmental conservation as a way of fulfilling their social responsibility obligation.
An example is the Coca-Cola company, which has launched water projects in more than 80 countries.
Providing access to clean drinking water and improved sanitation are some of the go.............
Type: Essay || Words: 1259 Rating || ExcellentSubscribe at $1 to view the full document.
Buy access at $1