My thoughts
Socially responsible can improve the company’s profit margins. Socially responsible companies demonstrate their ethical practices in how they conduct business. Customers are highly aware of local, national and global issues. These issues influence their buying decisions – they will buy more from companies that show concern and take positive actions over issues that resonate with customers.
Socially responsible can improve the attractiveness of the business to investors. Potential investors use a company’s social responsibility as part of the criteria for deciding whether or not to invest in the company. CSR is also crucial for improving the company’s stock prices, which is essential for attracting investors.
The above are reasons why I prefer to invest in socially responsible companies.
To conclude, socially responsible helps the companies in long run.
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