New shift in social responsibility is good for corporate citizenship

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In the past, businesses primarily concentrated on maximising profitability as their core objective. However, in the contemporary landscape, there has been a notable shift in perspective. Major stakeholders, including consumers, investors, and employees, along with increasing government regulations, now demand that entities go beyond mere profit generation. They are expected to demonstrate a deeper commitment to social and environmental responsibility by actively engaging in initiatives that give back to society. This evolution underscores a broader recognition of the role that businesses play in addressing pressing societal challenges and contributing positively to the communities in which they operate.