business ethics

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Ethics

The study and practice of appropriate behavior, regardless of the behavior's legality. Certain industries have professional organizations setting and promoting certain ethical standards. For example, an accountant may be required to refrain from engaging in aggressive accounting, even when a particular type of aggressive accounting is not illegal. Professional organizations may censure or revoke the licenses of those professionals who are found to have violated the ethical standards of their fields.

In investing, ethics helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore refrain from investing in tobacco companies. Ethics may be both positive and negative in investing; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting ethical investing. See also: Green fund, Islamic finance.

business ethics

moral guidelines for the conduct of business based on notions of what is right, wrong and fair. Most business people rely upon their own consciences in making business decisions, falling back upon their own moral and religious backgrounds for guidance. However, business people are also affected by their superiors and immediate colleagues when making business decisions and may feel pressurized to behave unethically when seeking to make profits. Over recent years many firms and industries have attempted to develop codes of conduct which can be used to guide managers when making decisions.
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Key elements of ethical business include a commitment to sustainability, waste minimisation, sound sourcing, reporting on environmental and social impact, effective corporate governance, enabling employee volunteering, encouraging diversity, equalising opportunities, looking after employees' physical and mental health, supporting customers with special needs, engaging in philanthropic work, acting transparently, involving employees in decision-making, designing jobs to enable meaningful work and limiting pay differentials.
IREM further advances the importance of ethical business practices among real estate companies at a global level through participation on the International Ethics Standards Coalition (IESC).
This milestone achievement demonstrates our commitment to ethical business practices and leading with integrity," said Jane Keller-Allen, WPS Vice President of Internal Audit, Compliance and Risk.
"Eastman's commitment to ethical business practices and a zero-incident mindset aligns closely to the company's focus on continual improvement within the environmental, social and governance (ESG) framework," said Karen Guske, Director of Public Policy and Global Business Conduct.
We saw the pledge as a clear commitment to ethical business practices and good corporate governance.
BBB conducts the Torch Awards for Ethics competition to recognize and encourage ethical business practices.
To earn the certification, a company must employ at least 10 percent Landscape Industry Certified staff, participate in a national safety program, conduct responsible and ethical business practices and demonstrate customer excellence.
Assets, based in Lancaster, works with companies that are trying to adopt more ethical business practices and eventually become benefit corporations, or B Corps.
However, it tends to be the country's fertilizer industry that outperforms the rest of the sectors, in terms of corporate social responsibility (CSR) and ethical business pra-ctices.
(NYSE: PRU), has said that it has been honoured as a 2018 World's Most Ethical Company by the Ethisphere Institute, a company involved in defining and advancing the standards of ethical business practices.
Ethical Business Practice and Regulation: A Behavioural and Values-Based Approach to Compliance and Enforcement