Corporate Social Responsibility And Corporate Ethics

Introduction Coexistence in a globalized world with constant changes does not really allow a business to survive alone. The fact that your business exists in the environment, the responsibility of this depends on many stakeholders, such as local communities, customers, employees and suppliers. On the other hand the way the products are produced and manufactured has a significant impact on the environment. In this context the concept of corporate social responsibility has great relevance for the survival of any business. In corporate terms, social responsibilities promote companies to maintain a closer relationship with the public of their interest and on the other hand, good business practices enjoy better benefits in relation to other†¦show more content†¦Immanuel Kant (1724-1804), a German philosopher was an enormous supporter of this sort of thinking. He believed in acting according to the strict obedience to values, regardless of the consequences. Ethical choices taken with this poin t of view also had to be universally valid to other kinds of similar situations. The impact of such moral philosophy is predominant in the Australian Association of Social Worker’s (AASW), Code of Ethics which prioritizes principles such as ‘respect for persons’ and client self-determination (Banks, 2004). â€Å"Bentham’s (1789) ethical philosophy was founded on the assumption that it is the consequences of human actions that count in evaluating the merit and that the kind of consequences that matters for human happiness is just the achievement of happiness and avoidance of pain. The principles of utility, then defines the meaning of the moral obligation by reference to the greatest happiness of the greatest number of people who affected by performance of the action†. There are, for example, some reservations regarding utilitarianism, because it seems to tolerate the sacrifice on this case the use of experiments in animals to develop new drugs and on the other hand to ensure that some of these vaccines are safe for humans, (Fox, 1986). From a purely utilitarian perspective we would decide that it would be justifiable to use animal in such experiences because this would result inShow MoreRelatedCorporate Social Responsibility And Corporate Ethics Essay1485 Words   |  6 PagesCorporate social responsibility has become a major issue in the recent past to the extent in which there are watchdog organizations that monitor actions of corporations and file a report indicating companies that aren’t socially responsible. Such organizations are known as sustainability auditing firms (Gallagher, 2012). This has made most of the companies that are growing to issue corporate social responsibility reports alongside their annual business reports. Citigr oup is a financial service companyRead MoreCorporate Ethics And Social Responsibility1528 Words   |  7 Pages Corporate Ethics and Social Responsibility Amanda Rabius PHL/320 10/9/17 Hank Reeves â€Æ' Corporate Ethics and Social Responsibility Ethics and Corporate Social Responsibility in the corporate world are very important. By understanding business ethics and socially responsibility, companies can develop and implement a socially responsible plan. Organizations are no doubt an assembly line of different networks that are both complex and dynamic in nature which face various conflicts. With this, a qualitativeRead MoreThe Ethics Of Corporate Social Responsibility2955 Words   |  12 Pagesmanufactured and process. This has been deemed an important indicator of corporate social responsibility (CSR) and business ethics. 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Fall E-Business Ethics A corporation must try to avoid egregious negative externalities, must actively promote corporate social responsibility (CSR), and must engage in philanthropy. Let’s take the example of the mining industry, in which 75% of mining companies (diamonds, copper, uranium, cobalt, etc.) are listed on the Toronto Stock Exchange1. For Canada, mining is a source of economic prosperity that brings along with it some risks. To maintain their competitive advantage, it is crucialRead MoreBusiness Ethics And Corporate Social Responsibility1502 Words   |  7 Pagesbusiness wants to exist and grow in a society, which business ethics and corporate social responsibility are sensitive and crucial objectives, the business should do what is right. Many people agree that business does not exist beyond society, it is a citizenship in the society. Therefore, business has to have many certain obligations and social responsibility. 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