social responsibility

(redirected from Social obligation)
Also found in: Legal.

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 ?
Ofgem's Domestic Suppliers' Social Obligation in 2013 report published last week showed around 300,000 new gas and 300,000 new electricity prepayment meters were installed last year, up 20% on 2012.
Fund Dreamer believes in social obligation to help and address this underserved market by connecting them to affluent investors.
Speaking on the occasion, Salman Wassay said that Ufone was well aware of its social obligation towards the populace and the organisation strived to ensure that they supported public service causes such as the 'lane discipline campaign'.
Speaking on the occasion, Salman Wassay said that Ufone was well aware of its social obligation towards the populace and the organization strived to ensure that they supported public service causes such as the 'lane discipline campaign'.
The situation is for sure hurting us, but we feel like we have a social obligation to the Saudi community and government to continue our production despite any losses,' he said.
To start bandying around some notion of a noble collective mindset or sense of social obligation based on your socio-economic standing is asinine and (since I assume Mather considers himself to be middle class) unbearably self-regarding and smug.
The Children, Schools and Families Select Committee heard this month how companies in "adjacent sectors" to engineering had a social obligation to help foster interest in engineering and technology among young people.
Providing work experience opportunities is part of Batelco's social obligation to the community.
AT under its social obligation will ensure that OFC capacity and bandwidth is also available to other companies and organisations operating in Afghanistan, the company said.
It is brimming with evocative prose - "Heroism is a kind of social obligation inflicted at the font" - and liberally built on broad stepping-stones of verse, delivered faultlessly.
Reciprocity is a social obligation inherent in human nature and it doesn't take long to activate.
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.