BUSINESS ETHICS

Corporate Social Responsibility (CSR)

Businesses committing to benefit society and the environment, beyond profit-making, through proactive initiatives and ethical practices.

Ethical Business Conduct

Infusing CSR initiatives with a strong ethical framework, ensuring integrity, honesty, and transparent practices in decision-making processes.

Economic Development Contribution

Actively contributing to economic growth through sustainable practices, innovation, and job creation for long-term impact.

Improvement of Stakeholder Quality of Life

Prioritizing the well-being of diverse stakeholders by engaging in initiatives that enhance their quality of life.

CSR vs

CSR focuses on broader societal impact, while Business Ethics zooms in on day-to-day ethical behavior within the organization.

Proactive Initiatives vs

CSR involves proactive initiatives for societal benefit, while Business Ethics guides internal moral behavior and decision-making.

Corporate Philanthropy

Voluntary giving of resources by businesses to communities, supporting quality of life and public welfare.

Corporate Citizenship

Balancing ethical, legal, and economic obligations, progressing from basic compliance to integrated social involvement.

Impact of CSR on Business

Positive impacts include enhanced brand reputation, increased employee satisfaction, cost savings, and shareholder orientation towards broader community benefits.

Social Enterprise

Businesses prioritizing social value over profit, working with marginalized sectors, reinvesting profits for social goals, and addressing societal needs.