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Social responsibility
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{{Short description|Ethical framework}} {{for|other types of responsibility|Responsibility (disambiguation)}} [[File:Sorted waste containers in Taiwan.jpg|thumb|Social responsibility from businesses such as providing recycling bins can in turn provide opportunities for people to be socially responsible by recycling.]] '''Social responsibility ''' is an [[ethics|ethical]] concept in which a person works and cooperates with other people and organizations for the benefit of the community.<ref>{{cite book |last1=Jensen |first1=Derrick |title=Endgame |chapter=Responsibility |volume=II |location=Toronto, Ont. |publisher=Seven Stories Press |year=2006 |page=696 |isbn=978-1583227305 }}</ref> An organization can demonstrate social responsibility in several ways, for instance, by donating, encouraging [[volunteerism]], using ethical hiring procedures, and making changes that benefit the environment.<ref name=Ganti>{{Cite web |first=Akhilesh |last=Ganti |title=Social Responsibility in Business: Meaning, Types, Examples, and Criticism |url=https://www.investopedia.com/terms/s/socialresponsibility.asp |access-date=2023-08-27 |website=Investopedia |language=en |archive-date=2023-08-27 |archive-url=https://web.archive.org/web/20230827090039/https://www.investopedia.com/terms/s/socialresponsibility.asp |url-status=live }}</ref> Social responsibility is an individual responsibility that involves a [[Balance (metaphysics)|balance]] between the [[economy]] and the [[ecosystem]] one lives within,<ref>{{cite book|first1=Helmut K.|last1=Anheier|first2=Stefan|last2=Toepler|title=International Encyclopedia of Civil Society|publisher=Springer Science & Business Media|location=U.S.A.|year=2009|page=577}}</ref> and possible [[trade-off]]s between economic development, and the welfare of society and the environment.<ref>{{multiref2 |1={{cite journal|last1=Palmer|first1=Karen|title=Tightening Environmental Standards: The Benefit-Cost or the No-Cost Paradigm?|journal=The Journal of Economic Perspectives|date=1 September 1995|volume=9|issue=4|pages=119β132|jstor=2138393|doi=10.1257/jep.9.4.119|doi-access=free}} |2={{cite journal|last1=Preston|first1=Lee E.|title=The Social-Financial Performance Relationship|journal=Business & Society|date=1 December 1997|volume=36|issue=4|page=419|url=https://finance.uw.edu/sites/default/files/The%20Corporate%20Social-Financial%20Performance%20Relationship%20a%20Typology%20and%20Analysis.pdf|access-date=20 July 2015|doi=10.1177/000765039703600406|s2cid=153778049|archive-date=13 October 2017|archive-url=https://web.archive.org/web/20171013014130/http://finance.uw.edu/sites/default/files/The%20Corporate%20Social-Financial%20Performance%20Relationship%20a%20Typology%20and%20Analysis.pdf|url-status=live}} |3={{cite journal|last1=Emerson|first1=Jed|title=The Blended Value Proposition|url=https://wuecampus2.uni-wuerzburg.de/moodle/pluginfile.php/235946/mod_resource/content/0/Emerson03%20-%20The%20Blended%20Value%20Proposition%20-%20Integrating%20Social%20and%20Financial%20Returns%20(California%20Management%20Review).pdf|url-status=dead|archive-url=https://web.archive.org/web/20160304043439/https://wuecampus2.uni-wuerzburg.de/moodle/pluginfile.php/235946/mod_resource/content/0/Emerson03%20-%20The%20Blended%20Value%20Proposition%20-%20Integrating%20Social%20and%20Financial%20Returns%20(California%20Management%20Review).pdf|archive-date=2016-03-04|journal=California Management Review|volume=45|number=4|year=2003|doi=10.2307/41166187|jstor=41166187|s2cid=153947907|access-date=20 July 2015}} }}</ref> Social responsibility pertains not only to business organizations but also to everyone whose actions impact the environment.<ref>{{cite web|url=http://inni.pacinst.org/inni/corporate_social_responsibility/standards_definitions.pdf|url-status=dead|archive-url=https://web.archive.org/web/20061007123308/http://inni.pacinst.org/inni/corporate_social_responsibility/standards_definitions.pdf|archive-date=2006-10-07|date=May 2004|title=Perceptions and Definitions of Social Responsibility|publisher=International Institute for Sustainable Development|location=Winnipeg, Manitoba|page=1}}</ref>
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