However, if we do not promote, ethical companies and give a message that they stand a better chance of obtaining us as customers and thereby competitiveness, the message to only economically sustainable companies will not be powerful and threatening.
As Carroll observed, business ethics is an amorphous concept. The scandals play a pivotal role in educating us the pitfalls in business management and that all aspects of a business cannot be legally managed. Businesses should have higher levels of conscience to embrace social sustainability. However, if we do not promote, ethical companies and give a message that they stand a better chance of obtaining us as customers and thereby competitiveness, the message to only economically sustainable companies will not be powerful and threatening.
What can be inferred is that if a society which includes the customers, shareholders, general public become more vigilant of promoting ethical companies, there is high likely hood that companies become more responsible in the management of their resources, whether it be economic, social or environmental. We have the classic example of Nike in this regard. Since the vociferous call for the blood of Nike, the company changed its approach to social sustainability and developed a transparent and fair way of managing its suppliers through regular audits and education.
Thus what is needed is making the society more informed of the triple bottom line sustainability credentials of companies. Besides this, reporting on the unsustainable behaviour of companies can also make society more circumspect and rational in their selection of products and services offered by such companies. Such kind of behaviour from society breeds a good buying culture in the society which eventually works in favour of ethical companies.
Ethisphere has been picking the most ethical companies in the world since Bon Secours Health System. United States Telecomm Brightstar Corp. France Consulting Services Capgemini T United States Automotive Cummins Inc.
United States Technology Dell Inc. United States Chemicals Eastman T Elbit Systems of America. Eli Lilly and Company. Health Care Service Corporation.
United States Technology Microsoft T Finland Telecomm Nokia T Pacific Life Insurance Company. United States Chemicals Praxair, Inc. Royal Caribbean Cruises Ltd.
Schnitzer Steel Industries, Inc.
Mar 14, · But year after year, many firms also show a strong moral compass. This week Ethisphere launched its annual list of the world’s most ethical companies. Mar 09, · 's Most Ethical Companies List I am a New York City-based journalist and staff writer for Forbes Magazine and appzdnatw.cf covering entrepreneurship and franchising. PepsiCo Chairman and Chief Executive Officer Indra Nooyi delivered the Keynote Address at the World’s Most Ethical Companies Gala on March 13 at Cipriani 42nd Street in New York City. Nooyi, CEO since , is the chief architect of Performance with Purpose, PepsiCo’s pledge to do what is right for the business by being responsive to the needs of the world.