In: Economics
Social responsibility refe4re to the responsibility of a firm towards the society as well as environment. It is essential for the success of every firms and organizations. Social responsibility helps a firm to achieve its long term sustainability. It helps to increase brand recognition, trust, growth and sales of a firm.
EDUCATION
The firm can conduct its social responsibility in the area of education by taking necessary initiatives in the area of research and development. The firm can give education and training to develop certain creative skills of the workers. It is a basic responsibility of a firm towards the society. The firm need to take all the necessary steps to educate the people in effective way. The firms need to give donations in educational sector to improve its quality. The rim can provide awareness to the society about the relevance of education in ,modern society.
EMPLOYEMENT
The firm can perform social responsibility in employment by providing good working conditions to the employers. Fair and correct payment should be made to all the workers for their contributions. The authorities need to treat all the workers equally without any ki9nd of discrimination. The employees should be provided with adequate time intervals in between the work. The company need to fulfill the employment act in all means. The firm should provide equal employment opportunity to everyone in the society.
ENVIORNMENT
Corporate social responsibility is observed in many sectors especially in environment sector. It helps to enhance environmental consideration for companies. The firm need to perform by taking all measures to reduce the environmental pollution. The firm need to make proper investments for environmental protection and to reduce carbon footprints. It can be done by replacing the environment polluting machineries. Resource management should be given more importance. The firm needs to recycle the plastic product which effects the environment negatively. Better energy use, water use and waste management are all other relevant methods.
TECHNOLOGY
CSR or corporate social responsibility helps to increase popularity of companies. Innovations and sharing of advanced technologies enhance the productivity of companies. In area of technology proper implementation of ethical code, ensured safety of workers, environment friendly pollution less technologies are methods to show CSR in technology. Companies can also decrease use of flux, posters for advertisements which cause pollution. It can be done through internet which is more advanced.