What is the Social Responsibility of Business?

Ever since Milton Friedman famously proclaimed “The Social Responsibility of Business is to Increase its Profits” (NYTimes 1970), pundits have pondered whether his purist interpretation was really the only way.

Profit is certainly a lot easier to quantify than something like ‘happiness’, but the intangible benefits of good, honest business clearly go way beyond pure finance….Must the word ‘profit’ always refer to money in the strictest sense?

Collected on this page are various interpretations of the idea of “social responsibility” and the responsibility of business to take an active, passive or indifferent role in building a more sustainable world.

Read on below, or learn more on TriplePundit’s front page.

The Changing Climate of CSR in 2017

Corporate social responsibility (CSR) is beginning to change along with today's volatile political climate -- and it may soon affect all aspects of…

Reframing Corporate Responsibility: The New Rules for the Trump Era

In the Donald Trump era, the rules of corporate responsibility are in for a major shift.

‘Climate Saving’ Companies Build a Framework for Progress

WWF launched the Climate Savers Program in 1999 as a platform for corporate leadership in climate action. Nearly 20 years later, its members…

Thanks to Donald Trump, Corporate Social Responsibility Just Became Mainstream

The unintended consequence of President Donald Trump’s travel ban is the birth of a new era of corporate responsibility.

Mastercard Winning WFP’s Hunger Hero Award? Priceless.

Mastercard helped the U.N. World Food Program to bring electronic payments to 2.2 million Syrian refugees in Lebanon and Jordan -- giving them…

Purpose Brands Can Be the Next President

While relatively new as a global citizen, the purpose-driven brand has been recently asked to take on a newer and more complicated role.…

Access to Capital & Economic Renewal: The Public Banking Imperative

Public banking is distinguished from private banking in that its mandate begins with the public's interest. Privately-owned banks, by contrast, have shareholders who…

A Year in CSR: The Top 10 Trends of 2016

As the year draws to a close, Cone Communications evaluated a years’-worth of corporate social responsibility (CSR) trends to bring you the top…

Policy Points: 5 Steps to Make Government Encourage Business as Force for Good

The incoming administration is looking to be "business-friendly." But what about the needs of socially responsible businesses? If you strive to run your…

Four Economic Reforms that Can Save the Environment

We shouldn’t rate ourselves by GDP growth, but by sustainable increases in human wellbeing. Four relatively simple reforms will transform how our economies…

What Trump’s Presidency Could Mean for Business

The president-elect won on a divisive message that promises to put America first and turn back the tide of globalization to ensure America's…

Now More Than Ever, We Need Global Solidarity for Sustainability

The 17 Sustainable Development Goals address the major sustainability challenges of today and are the right causes to rally around, explains GRI Deputy…

Let’s Quit Obsessing Over the Business Case for Corporate Sustainability

Are we taking the right approach when we focus solely on the business case for sustainability? Should we inject a bit more balance…

B Lab Co-Founder: This is the ‘Biggest Trend of Our Lifetimes’

B Lab co-founder Jay Coen Gilbert called the transition from shareholder value to stakeholder value "the biggest trend of our lifetimes." And he…

After Trump Tax Fiasco, Time for a New Kind of Corporation?

Donald Trump's recent statements about tax liability and fiduciary obligation highlights what's wrong with corporate law.