Does a company have to act selflessly to be considered socially responsible For example, when building a new plant, a corporation voluntarily invested in additional equipment that enabled it to reduce its pollution emissions beyond any current laws Knowing that it would be very expensive for its co...

The legal system normally does this when differentiating between different degrees of guilt ...

Does a company have to act selflessly to be considered socially responsible? For example, when building a

Question:

Does a company have to act selflessly to be considered socially responsible? For example, when building a new plant, a voluntarily invested in additional equipment that enabled it to reduce its pollution emissions beyond any current laws. Knowing that it would be very expensive for its competitors to do the same, the firm lobbied the government to make pollution regulations more restrictive on the entire industry. Is this company socially responsible? Were its managers acting ethically?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...