Social Responsibility
The principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits.
Investopedia Commentary
Socially responsible companies can act in a number of ways to benefit society. For example, companies can give money to the arts, fund academic scholarships, support community-building initiatives, and so on. They can also commit to not pollute or to reduce the pollution they put out, to not build weapons, and so forth.
Related Links
Socially Responsible Investing Tutorial
A Prelude to Sinful Investing
Socially Responsible Mutual Funds
See also: Sinful Stocks, Socially Responsible Investments - SRIs