This is the 590th most frequent Croatian word.
društvo
The Croatian word "društvo" means "society" or "company" (as in a group of people).
In this sentence, 'društvo' is used in the derived form 'društveno' to describe something relating to society, in this case referring to social responsibility.
Naša tvrtka ima odgovorno društveno poslovanje.
Our company has responsible social operations.
In this context, 'društvo' refers to society in general, as a collective of individuals and their culture.
Društvo je važan dio ljudskog života.
Society is an important part of human life.
Here, 'društvo' refers to a group of close friends or acquaintances.