Ethics Definition
What are the moral principals that guide a company's conduct?
What is Ethics
What is the focus of Corporate Social Responsibilty?
What is to create social and environmental value in addition to profit.
Define sustainability in business
What is meeting present needs without compromising future generations
Who are stakeholders in a business?
What are individuals or groups affected by a company's decisions
What is corporate governance?
What is the system of rules and practices by which a company is directed
Why is ethical behavior important for business?
Name a key area of CSR
Environmental sustainability
ethical labor practices
community engagement
philanthropy
What is an example of an environmental sustainability practice?
What is reducing pollution and waste
What is a key practice in stakeholder engagement?
What is the board of directors
What is an ethical dilemma?
What is a situation where a choice must be made between conflicting moral principals
What are some benefits for CSR
What is Enhanced reputation, customer loyalty, employee engagement, risk management.
How does sustainability relate to economic goals?
What is maintaining long-term profitability while contributing to society.
How can businesses build positive relationships with stakeholders?
What is based on trust and mutual respect
What role does transparency play in corporate governance?
What is it ensures open communication with stakeholders
what is fosters a culture of integrity and responsibility
What is balancing social and financial goals
What is the social aspect of sustainability?
What is ensuring fair labor practices and promoting diversity.
Why is addresses stakeholder concerns important?
What is to proactively manage expectations and feedback
Why is compliance important in corporate governance?
What is to adhere to laws and regulations
What is through demands for transparency and accountability from stakeholders
What does greenwashing mean?
What is misleading claims about environmental practices.
Why is sustainability important for businesses?
What is to ensure their long-term success and responsibility.
How can stakeholder feedback be integrated into decision making?
What is by incorporating into business strategies and practices
What is it creates a culture of integrity and accountability