Companies enter into business ventures with the goal of generating profits. If those ventures are addressing some of the pressing needs of the society, they are even better. However, even if a product is not recognized as having socially redeeming values, as it might be in the case of expensive cosmetics, it might still meet the needs and desires of some individuals. Further, companies engaged in creating and selling such products employ people, generating income for many families.
Wealthy individuals who are unwilling to share a small but significant portion of their income with those who are helpless cannot hide behind the claim that their companies are doing meaningful social good.
Abraham M. George