What’s a business ethic?

Business ethics refers to the principles, values, and standards that guide behavior in the
world of business. It encompasses the moral guidelines and responsibilities that businesses
and individuals within those organizations should adhere to in their interactions with each
other, stakeholders, and society at large.

Key aspects of business ethics include honesty, integrity, fairness, accountability, and
respect for stakeholders' interests. Ethical behavior in business involves making decisions
and taking actions that consider the well-being of all parties involved, including customers,
employees, suppliers, shareholders, and the community.

Business ethics often addresses issues such as corporate social responsibility (CSR),
environmental sustainability, fair labor practices, transparency in financial dealings, and
adherence to laws and regulations. Adhering to ethical principles not only fosters trust and
credibility but also contributes to long-term business success and sustainability.