BST - Ethics and ESG

Question 1

What are examples of common ethical issues?

Answer 1

• Transparency
• Fairness
• Legality
• Integrity or honesty
• Self-interest or objectivity

Question 2

How to tackle ethical issues?

Answer 2

1. Identify a range of issues
2. Explain them using ethical terminology
3. Consider the extent of the issue and mitigating factors
4. Provide ethical advice

Question 3

What are the three key sustainability issues?

Answer 3

1. Social
2. Environmental
3. Economic

Question 4

What are four key reasons as to why a business should be a leader in corporate social responsibility?

Answer 4

1. PR
2. Self regulation more cost effective than imposed
3. Attracts ethical investors
4. Develops more rounded staff