As Well as Making Money, Businesses Should Also Have Social Responsibilities – IELTS Writing Task 2

As well as making money, businesses should also have social responsibilities. Do you agree or disagree?

Outline

Essay Type

Opinion Essay (Agree or Disagree)

Introduction

Sentences 1 & 2: Introduce the given topic with some background information.

Sentence 3 – I agree that companies should have social responsibilities.

Body Paragraphs

Paragraphs 1 – Companies exploit employees and small-scale companies. They also evade taxes.

Paragraph 2 – Companies do not take precautions for preventing environmental degradation.

Conclusion

Sum up and state your opinion.

Sample Essay

Earlier, it was considered that the sole purpose of building a business was to make a profit. After the Bhopal Gas Tragedy, the Indian government came up with the Environment Protection Act in 1986 to emphasize the social responsibilities that every business should bear. In this essay, I will present my agreement with the fact that besides profit-making, companies all over the world should be accountable to society.

When an individual or a group of individuals establish a venture, their main aim is to make a profit. No one in the right frame of mind would want a loss or a failed company. Keeping that in mind, companies should also be indebted to the people who work to make the company successful. Unfortunately, in order to increase their gains, most companies exploit their employees by not providing proper incentives and working conditions and evade taxes. Sometimes, business giants even thwart small commercial houses by controlling the market.

Although a good percentage fulfill the above-mentioned duties, 90% of the companies do not follow the environmental regulations. It is a well-known fact that due to overexploitation, the environment is degrading at an alarming rate. So, it is of utmost importance that the companies make their products and services environmentally friendly. Moreover, corporate giants like Apple, Microsoft, Reliance Industries should contribute some of their earnings for the betterment of certain sections of the society as well as improve the basic living conditions in the society.

However, there are certain instances that business houses fulfill their social devoir by creating employment opportunities and paying taxes. They offer scope to the innovative and hard-working youth to make a living and develop their skills. The taxes they pay every year help the government to bring in more development and better infrastructure to the country.

In the end, I would like to concur with the notion that even though their main motive is to earn profits, multinational and successful regional companies should motivate small companies to grow, help the youth to strive harder and aid the government to develop and preserve the environment.

Vocabulary

• Sole

Meaning: being the only one
Eg: He is the sole heir to the Frazen dynasty.

• Accountable

Meaning: completely responsible for what they do and must be able to give a satisfactory reason for it
Eg: The manager was held accountable for the misbehavior of the chef.

• Venture

Meaning: undertake a risky or daring journey or course of action
Eg: The adventurer undertook the venture to bring back the pride of the country.

• Indebted

Meaning: grateful to someone because of help that person has given you
Eg: We are indebted to our soldiers for their sacrifice.

• Incentives

Meaning: something that encourages a person to do something
Eg: This year, the government did not give much tax incentive.

• Thwart

Meaning: to stop something from happening or someone from doing something
Eg: The pirate tried to thwart the plan of Peter Pan for saving his friends.

• Degrading

Meaning: causing people to feel that they have no value
Eg: His behaviour on the stage was quite degrading to the whole family.

• Devoir

Meaning: duty, responsibility
Eg: The organization fulfilled its devoir of protecting the orphans.

• Innovative

Meaning: using new methods or ideas
Eg: “Bring me more innovative ideas and we will have a meeting.”

• Concur 

Meaning: to agree or have the same opinion as someone else
Eg: My parents concur with most of my decisions regarding education.

More Writing Task 2 Essay Topics

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• With Deforestation, Urban Development and Illegal Hunting, Many Animal Species are Becoming Endangered as They Lose Their Habitat 
• With The Increased Global Demand in Oil and Gas, Undiscovered Areas of the World Should be Opened Up to Access More Resources
• With the Development of Online Communication, People will Never be Alone and Will Always be Able to Make New Friends
• With an Increasing Population Communicating via Internet and Text Messaging, Face to Face Communication Will Become a Thing of The Past