social responsibility

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Social Responsibility

The practice of appropriate behavior in a public setting, regardless of the behavior's legality. In investing, social responsibility helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore may refrain from investing in tobacco companies. Social responsibility in investing may be either positive or negative; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting socially responsible investing. See also: Green fund, Islamic finance.

social responsibility

a business philosophy that stresses the need for firms to behave as good corporate citizens, not merely obeying the law but furthering the interests of the STAKEHOLDERS - shareholders, employees, customers, suppliers and the community Social responsibility is an alternative goal to PROFIT MAXIMIZATION for firms. See CORPORATE GOVERNANCE, FIRM OBJECTIVES.
References in periodicals archive ?
A sense of social obligation is no more a middle class trait than social apathy is a working class one.
Waugh's central character in A Handful of Dust, Tony Last, never misses church on Sunday--but attends out of a sense of social obligation, not of religious duty.
The members of UIMTNASC have demonstrated a strong social obligation by holding two benefit concerts in 2005.
Even I as a defiant non-faster can see what's beneficial and spiritual about fasting if done right and not as some social obligation.
First, schooling replaced work as the child's primary social obligation, a radical departure from the norms that had predominated, for most families, in agricultural economies.
Senior, seasoned researchers in earth science departments have a social obligation to see their younger colleagues do well and obtaining an NSERC DG is a key step in this direction.
So here, the women will neglect even the social obligation to greet those they encounter on the way, intent on their sole purpose: to carry out the angelic command to go and tell the disciples of Jesus' resurrection and his promised meeting with them in Galilee.
Out of social obligation, MAS needs government approval for any review of its domestic flights.
They seem godlike beings today, free from social obligation, highly sexed and freely sexual, more compelling for their flaws--small eyes, thick lips, or chipped teeth.
He states that "our common social obligation to the elderly is only to help them live out a natural life span; that is, the government is obliged to provide deliberately life-extending health care only to the age that is necessary to achieve that goal.
Siegfried Sassoon, played by Daniel Llewelyn-Williams, is the grandee, who says: "Heroism is a kind of social obligation on me, inflicted at the font.