What is the impact of social responsibility on business?

What is the impact of social responsibility on business?

Social responsibility can enhance a business's reputation, attract customers, and improve employee morale.

Can you give examples of companies that have benefited from being socially responsible?

Sure! Companies like Patagonia and Ben & Jerry's have seen increased loyalty and sales due to their social initiatives.

How does social responsibility affect a company's bottom line?

Investing in social responsibility can lead to cost savings, increased sales, and better risk management, positively impacting profits.

Are there any risks associated with social responsibility?

Yes, if not managed well, it can lead to backlash or accusations of 'greenwashing', which can harm a company's reputation.