What is a socially responsible company? What is a “Socially Responsible Company”? Socially responsible companies use their position and resources for something more than pleasing their shareholders and increasing their bottom line. They operate on a business model that focuses on social change, sharing its success with their local and global communities.
What is an example of a socially responsible company? An excellent example of CSR on the frontline is big pharma pioneer Johnson & Johnson. They have focused on reducing their impact on the planet for three decades. Their initiatives range from leveraging the power of the wind to providing safe water to communities around the world.
What did Milton Friedman say about a company’s social responsibility? Friedman’s stance was plain: “There is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits.” That view has long influenced management thinking, corporate governance, and strategic moves.
What is the most socially responsible company?
|1||International Business Machines Corp||97.76|
|3||Tata Consultancy Services Ltd||97.52|
|5||Johnson & Johnson||97.21|