Socially responsible business represents a particular strategic business concept that focuses on the needs of the society in which it is located. Through socially responsible business, companies strive to harmonize their business with the needs of society, without any legal compulsion, with the aim of spreading positive business practices that are increasingly popular today, provide benefits such as a positive image and lead to a better competitive position on the market. The practice of social responsibility is different, it depends on the context in which it operates, needs, management practices, traditions of the country, etc. Social responsibility programs must be connected to the company's core operations. The purpose of existence and the main goal of every company is successful business that brings profit. Nowadays, there is more and more evidence that supports the study that socially responsible business practices increase profits. Business takes place in an uncertain environment; more and more companies are trying to integrate risk management functions into their management system. Risk management means a systematic method through which potential events and the effect of uncertain events on business are predicted with the main goal of minimizing harmful events, i.e. the negative impact of risks on the business itself. Managing and knowing how to control risk is the key to success in running a business. We cannot completely eliminate risk in business, it is an integral part of every business venture. If companies know how to anticipate threats and turn them to their advantage, they also know how to manage risk.