An obligation that is not required by the law and economics for a company to pursue yet long term objective that is beneficial to the society but any company has a responsibility towards society and its people.
Behavioral commitment by any company ethically and contribute to economic development and progress of the country participating to improve the quality of life of people as well as society at large.
Managing the company in its business process to produce an overall positive impact on society and its people. Conducting business in an ethical way and in the interests of the wider community without focussing only on the profits. Contributing positively to emerging priorities and expectations of the people living in the society. Willingness to act on behalf of the people and ahead of regulatory confrontations. Coordinating shareholder interests against the interests of the wider community.
Economic responsibility to earn a profit for the shareholders, legal responsibility to comply with the law prevailing in the country, ethical responsibility not acting just for profits but doing what is right just and fair by thinking of the people in the society and environment are also include in the social responsibility.