Ethical Policies Vs. Corporate Social Responsibilities

Ethical policies vs. Corporate social responsibilities In ordinary life Ethical policies and CSR actions are commonly used and have certain overlapping, but there are contradictions between the two [1]. Ethical policies Let us come to general meaning of ethics. It is much dependent on individual’s inner voice, individual’s conduct of what is great or awful and senses make use of right or off-base. Presently apply this as business definition, the ultimate goal of the company is to make profits and there can be either positive or negative Impact by the company on operation of business. Simply business ethics is the behavior of the business in accordance with the society or community [1]. Unilever Company Code of Practice Paul Polman (CEO) of Unilever Company reported that its business earned reputation based on integrity and interests in accordance with people, employees and brands. By investing for growth and making good balance over short term and long-term interests. Making sure code of practice should have practical values over day-to-day business and each one took after standards. Definite Information has been delineated in Table-1 [2]. Table-1: Code of Business Principles focuses on: Standard of Conduct Works with Honesty, Integrity and openness. Obeying the law Follow tenets and regulations of country in which the company is established. Employees -Diversity in work environment with mutual trust and respect. -Protected and solid states of environment toShow MoreRelatedCorporate Social Responsibility And Corporate Sustainability Essay1658 Words   |  7 PagesCorporate Social Responsibility Vs Corporate Sustainability in India: A case study on Aditya Birla Group Supriya Agarwal Abstract: Corporate Social Responsibility (CSR) is now a burning topic in India, which became prominent and most amplified in 2013 when companies were obligated to spend two percent of profit after tax in CSR activities set by the Ministry of Corporate Affairs, Government of India. Although, the concept of CSR is not new in India and has evolved and developed very well from hundredsRead MoreSks7000-8 Assignment 31572 Words   |  7 Pagesis planning to expand operations in Asia. 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