17: Ethics, sustainability and government Flashcards
(10 cards)
What are the five fundamental ethical principles of the ICAEW?
Integrity, Objectivity, Professional competence & due care, Confidentiality, Professional behaviour.
What are the five threats to ethical principles?
Self-interest, Self-review, Familiarity, Intimidation, Advocacy.
What are typical exam approaches to ethical questions?
Situational analysis (advice to parties) or philosophical issues (e.g. public trust, environmental impact).
What is sustainability according to the Brundtland Report?
Meeting present needs without compromising future generations.
What are ESG factors?
Environmental, Social, and Governance considerations impacting stakeholder value.
What are examples of ethical concerns in marketing?
Manipulative promotions, pricing out access, unhealthy products, privacy issues.
What are the four strategies toward corporate responsibility?
Proactive, Accommodating, Defensive, Reactive.
What is the Global Reporting Initiative (GRI)?
A standard setter for sustainability reporting, covering economic, environmental, and social indicators.
What are examples of unethical manufacturing practices?
Child labour, unsafe conditions, pollution, unethical product testing.
Why is data collection an ethical issue?
It raises concerns about consent, ownership, privacy, and potential misuse.
