How are business ethics and corporate social responsibility (CSR) related?
The terms “business ethics” and “corporate social responsibility” are used differently by various organizations, companies and media. Other related terms include: sustainability, governance, corporate responsibility, stakeholder engagement, corporate citizenship, and environmental, social and governance (ESG) performance. All of these terms relate to how a company or organization interacts with a various stakeholders including shareholders, employees, the environment, civil society and the community in general. Typically at EthicsCentre CA we refer to “business ethicss” it relates to the conduct of an organization with its internal stakeholders and business partners. Business ethics deals with how ethical issues are addressed within the culture of the organization. Corporate Social Responsibility refers specifically to relationships with external stakeholders such as representatives of the community and environment and often relates to businesses role in society.
