What are some examples of social responsibility in business?
Social responsibility in business includes practices like sustainable sourcing, community engagement, and ethical labor policies.
Can you give me a specific example of a company that practices this?
Sure! Patagonia is known for its commitment to environmental sustainability and ethical sourcing of materials.
How does social responsibility benefit businesses?
It enhances brand reputation, builds customer loyalty, and can lead to increased profitability in the long run.
Are there any risks associated with social responsibility?
Yes, if not done authentically, it can lead to accusations of 'greenwashing' and damage a company's reputation.
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