ethical-business

Vocabulary Word

Definition

'Ethical business' means conducting business with fairness and honesty, respecting human rights, laws, and the environment. It's like always following the rules, like in a sport.

Examples in Different Contexts

In sustainable development, 'ethical business' involves integrating environmental and social considerations into business strategies. A sustainability consultant might explain, 'Ethical business practices are essential for achieving sustainable development goals and ensuring long-term corporate success.'

Practice Scenarios

Business

Scenario:

Our stakeholders value the highest standards of ethics. Let's ensure we maintain this in our business operations.

Response:

Absolutely, let's implement a training program that encourages ethical business practices among our employees.

Public-Policy

Scenario:

We need to promote practices that serve the interests of both our businesses and our society.

Response:

We should strive for ethical business practices that not only comply with the law, but also contribute positively to our community.