You should spend about 40 minutes on this task. Write at least 250 words. Write about the following topic: Companies are responsible only for making money for their investors. Therefore, they should not be held accountable for the environmental and social costs of their business activity to society as a whole. Businesses should do no more than concentrate on making profit. To what extent do you agree or disagree with this opinion?
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The idea that
companies
are responsible only for making money for their investors and should not be held accountable for the environmental and social costs of their activities is a narrow and outdated perspective. While
the pursuit of profit
is indeed a fundamental objective of any business, I strongly disagree with the notion that this
should be their sole focus. Businesses
have a broader role in society
, and their operations inevitably impact various stakeholders, including employees, customers, communities, and the environment. Therefore
, they must take responsibility
for these impacts rather than concentrating solely on financial gain.
Firstly
, businesses
operate within a society
and rely on the resources and infrastructure provided by it. This
interdependence creates an obligation for companies
to act responsibly, considering the broader implications of their actions. For instance
, industries that pollute the environment or deplete natural resources impose significant costs on society
, such
as health problems, loss of biodiversity, and climate change. Ignoring these issues in the pursuit of profit
is not only unethical but also
unsustainable in the long run. The damage caused by environmental neglect can lead to stricter regulations, legal liabilities, and loss of consumer trust, ultimately harming the company's bottom line.
Secondly
, the social responsibility
of businesses
cannot be overlooked. Companies
that exploit their workers, engage in unfair trade practices, or contribute to social inequalities are not only harming individuals but also
destabilizing the very society
they depend on. Ethical business practices, including fair wages, safe working conditions, and respect for human rights, are essential for maintaining a stable and productive workforce. Moreover
, businesses
that actively contribute to the well-being of their communities can build stronger relationships with their customers and enhance their brand reputation, leading to long-term success.
Furthermore
, the argument that businesses
should focus solely on profit
fails to recognize the growing importance of Environmental, Social, and Governance (ESG) factors in the modern economy. Investors and consumers are increasingly aware of the need for sustainable and ethical business practices. Companies
that ignore these factors may find themselves at a competitive disadvantage, as more socially and environmentally responsible businesses
attract investment and customer loyalty. In this
context, pursuing profit
and being accountable for environmental and social impacts are not mutually exclusive but are rather complementary goals.
In conclusion, while
making a profit
is undoubtedly a primary goal for businesses
, it should not be their only focus. Companies
must be held accountable for the environmental and social costs of their activities, as they have a responsibility
to the society
in which they operate. Ignoring these responsibilities may lead to short-term gains, but it is likely to result in long-term consequences that could undermine the very profits they seek. Therefore
, I firmly believe that businesses
should balance their pursuit of profit
with a commitment to environmental and social responsibility
.Submitted by yabloothedinesh on
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task achievement
Consider providing more specific examples or case studies that illustrate businesses successfully balancing profit with environmental and social responsibilities. This would provide stronger evidence for your arguments.
coherence cohesion
Ensure that each paragraph transitions smoothly to the next by explicitly linking the ideas between paragraphs. While the overall flow is good, some transitions could be made more explicit.
task achievement
The essay presents a clear and thorough response to the task, effectively addressing the prompt and offering a well-rounded argument.
coherence cohesion
The introduction and conclusion are well-defined, providing a strong opening and a satisfactory closure to your essay.
coherence cohesion
Main points are well-supported and logically structured, demonstrating a strong understanding of the topic and coherence in argumentation.
Support ideas with relevant, specific examples
Examples make your writing easier to understand by illustrating points more effectively.
Examples, if used properly, not only help you get higher marks for ‘Task Response’ but also for ‘Coherence’.
When giving examples it is best to put them after your main idea or topic sentence. They can be used in the middle of supporting sentences or they can be used to start a new sentence. There is no rule for where exactly to give examples in essays, logically they would come after your main idea/topic sentence or just after a supporting sentence.
Linking words for giving examples:
- for example
- for instance
- to illustrate this
- to give a clear example
- such as
- namely
- to illustrate
- take, for example