Meaning of the word "Social responsibility" in English

What does "Social responsibility" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Social responsibility

US /ˈsoʊʃəl rɪˌspɑːnsəˈbɪləti/
UK /ˈsəʊʃəl rɪˌspɒnsəˈbɪləti/

Noun

the idea that businesses should balance profit-making activities with activities that benefit society; it involves developing businesses with a positive relationship to the society in which they operate

Example:
Many companies are now focusing on social responsibility initiatives.
Our company's commitment to social responsibility is evident in our sustainable practices.