How does business ethics relate to Corporate Social Responsibility (CSR)?
An organisation’s core ethical values and standards should underpin everything that it does and the way its employees conduct their everyday business. Business ethics is about “doing things ethically”. How an organisation approaches the social and environmental impacts of its business operations and its voluntary contribution to the wellbeing of the global and local communities in which it operates, is often known as Corporate Social Responsibility (CSR); it is often about “doing ethical things”. The IBE believes that an organisation cannot be genuinely responsible without an embedded and inherent culture that isbased on ethical values such as trust, openness, respect and integrity. This is why the IBE prefers to talk about Corporate Responsibility (CR) as a wider, concern, rather than using the more limiting ‘social’ tag.
An organisation’s core ethical values and standards should underpin everything that it does and the way its employees conduct their everyday business. Business ethics is about “doing things ethically”. How an organisation approaches the social and environmental impacts of its business operations and its voluntary contribution to the wellbeing of the global and local communities in which it operates, is often known as Corporate Social Responsibility (CSR); it is often about “doing ethical things”. The IBE believes that an organisation cannot be genuinely responsible without an embedded and inherent culture that is based on ethical values such as trust, openness, respect and integrity. This is why the IBE prefers to talk about Corporate Responsibility (CR) as a wider, concern, rather than using the more limiting ‘social’ tag.
