Levels of social responsibilities
1. Financial responsibility:

A company’s first responsibility is economic responsibility. This means a company primarily needs to earn profit. The reason behind earning profit is primary reason is that if the company does not make profit, it won’t last, its employees will lose jobs and so company won’t be even able to think of social responsibility.

2. Legal responsibilities:

A company’s legal responsibilities are the requirements that a company need to fulfill as per the law. A company needs to follow ali the laws put on it. Legal responsibilities includes following labour laws, environmental law, etc.

3. Ethical responsibilities:

• After a company has fulfilled the two big responsibilities i.e. economic and legal, a company can think of ethical responsibilities.
• Ethical responsibilities are responsibilities that a company needs to fulfill because its owners believes it’s the right thing to do and not that they have to do it forcefully. Ethical responsibilities could include being environment friendly, paying fair wages, participating in government programmes, etc.

4. Responsibilities by choice (Philanthropic responsibilities):

• Once the company meets all its other responsibilities it can focus on fulfilling philanthropic responsibilities i.e. responsibilities by choice.
• These responsibilities focus on making an effort to benefit the society. For example, doing some donations for opening a public school, hospital, etc., setting-up a public park or orphanage, etc.