How do companies balance profitability with social responsibility? - IELTS Speaking Part 3

Answer: Companies balance profitability with social responsibility by adopting sustainable business practices, engaging with stakeholders, and being transparent about their impact on society and the environment. Reason: Companies have a responsibility to operate ethically and consider the impact of their business on society and the environment, while also being profitable and sustainable in the long term. Example: For example, some companies might adopt sustainable sourcing practices for their raw materials, reduce waste and energy consumption in their operations, or invest in social programs that benefit their employees or the communities they operate in. Alternative: Additionally, companies can engage with stakeholders such as customers, employees, and local communities to understand their needs and concerns and incorporate their feedback into their business practices.