Question

Why do corporations need to be socially responsible? Why do they need to be active in the preservation of natural resources?

Answer 1

Why do corporations need to be socially responsible ?

Answer : Here we have mentioned some major reasons behind the social responsibility of corporations -

1. It reduces the social cost

2.It can generate excess profit.

3. It can improve public image.

4. It helps to avoid the rules and regulations of the authorities.

5. It leads to industrial settlement.

6. It enhances the health by non polluting measures.

Why do they need to be active in the preservation of natural resources ?

Answer : Here we have mentioned some key points for the need to be active in the preservation of natural resources-

1. Cost savings

2. Brand reputation and publicity.

3. Resources limitations.

4. New income sources

5. Relexation from several taxes.