U2-1 Ethical practice

1. C - Business wide, whole corporation
2. S - Society
3. R - Taking ownership of actions

1. Laws on environmental protection are stronger
   1. Fine and loss of reputation
2. Widespread public support against waste/ climate change
   1. Good publicity
3. Consumers putting pressure on firms, how?
   1. Not buying products
   2. Complaining
   3. Writing to newspapers/ telling journalists
   4. Protesting

Nota:

• - Recycling waste - Using recycled materials - Donating to charity - Supporting/ sponsoring charity events - Fair wages for staff - Fair working hours - Safe working conditions - Not polluting the air/river

Nota:

• - Using sweatshop conditions - Low or no pay - Forced labour - Unsafe working conditions - Polluting environment - Sponsoring wrong/ inappropriate organisations - Underage workers  - Wasting materials - inefficiency - Animal testing - Blatant extortion - Broken/ dangerous/ low quality products

1. Can increase long term profits
2. Other ethical firms will want to do business with you
3. Workers more motivated
4. Government more likely to give contracts
5. Consumers might prefer your business
6. Develop a good relationship with suppliers

1. Reduces short-term profits - dearer materials etc
2. Paying wages above NMW is expensive
3. Not bribing to win contracts - lost sales
4. End up paying more for supplies

1. McDonalds in Europe aimed to achieve 100% sustainable packaging by 2010
2. Nestle were found to be causing mass deforestation, after protest by greenpeace now using environmentally friendly oil