Ethical and environmental concerns Flashcards
What is ethics?
Moral values or beliefs that influence how an individual or society behaves.
What is the definition of Corporate Social Responsibility (CSR)?
Ensuring they meet CSR objectives.
What is business ethics?
Doing what is right for their customers, employees, local community etc.
What are the advantages of being ethical in business?
- Awards can be granted for being ethical
- Attract customers and quality staff who agree with their principles.
What are the disadvantages of being ethical in business?
- Audits are needed to ensure standards are met and maintained
- Decision making could be more complicated.
What is animal welfare?
A concept focused on the humane treatment of animals.
What are three ways organizations can prove their commitment to animal welfare?
- Implementing humane treatment standards
- Supporting animal welfare organizations
- Ensuring ethical sourcing of animal products.
What is Fairtrade?
A global movement ensuring better prices, decent working conditions and improved terms of trade for farmers and workers in developing countries.
What does the Fairtrade mark represent?
A certification label for products sourced from producers in developing countries.
What are the advantages of Fairtrade?
- Quality of life should improve for the workers
- Long term prospects for children in the area should be improved
- Fairtrade mark will make the products more attractive to customers
- Improves the company’s reputation if they are seen to be ethically responsible.
What are the disadvantages of Fairtrade?
- Fairtrade products can cost more
- Limits the choice of suppliers for a business
- Losing a Fairtrade mark after being awarded one could result in bad publicity.
What are some negative environmental impacts organizations must be aware of?
- Air pollution
- Water pollution
- Contaminating land
- Traffic congestion
- Noise pollution
- Natural habitat destruction.
What causes air pollution in business operations?
Exporting goods all over the world.
How does water pollution occur in business operations?
Not disposing of waste materials safely.
What is landfill?
A method of waste disposal where waste is buried.