One need only look at the news to be bombarded with examples of corporate malfeasance and the impact such behavior has on a company’s public image, customers, employees, and bottom line. And while these stories grab the headlines, some companies are adopting practices that display awareness of their impact on the globe, whether that be to the environment, its employees and suppliers, or communities in which they do business. What factors are leading to these decisions? What are the benefits and costs of making ethical business decisions and acting in a socially responsible way, however one defines it? Issues in Business Ethics and Corporate Social Responsibility explores these foundational themes across a wide range of topics, including artificial intelligence, workplace surveillance, supply chain management, big data, the finance industry, and many more. Coupled with a broad introduction by Dr. David Weitzner, a professor of management at York University, this book provides students with the essential information they need to assess business practices through the lens of ethical decision-making and corporate social responsibility.
Chapter 10: Sustainability: Are businesses looking beyond profit?
Sustainability: Are businesses looking beyond profit?
Many companies, mostly large multinationals, are adopting sustainability programs and delivering annual reports on their progress toward creating a new kind of business. Within this burgeoning movement, sustainable companies give the environment and human rights the same priority as profits. Their goals include protecting the Earth to reduce the effects of climate change while innovating new products. Some of the biggest companies have succeeded in integrating sustainable principals into their corporate DNA and say that it gives them a competitive edge. Is sustainability really making a difference? Can a company go “green” and remain profitable? ...