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Business Ethics
Risk Management and Lessons Learned, The Ten Minute Argument
By Peter Greenham
Independent Inspections Pty Ltd P: 1300 857 149 F: 1300 857 150
M: 0402 259 479 admin@iigi.com.au
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Introduction
Introduction Trust? Trust as a Commodity How do you demonstrate being
a responsible business? United Nations Principles Responsible Business Rating? Corporate Reporting Methods?
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Introduction (cont.)
With the low levels of trust within the community there is a demand for transparency in a Changing Landscape in Business operations that impacts the whole of business operations. Trust is now a Economic Driver in determining the integrity of a business. Businesses can use a roadmap to measure and grow their employees to reduce risk.
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Trust
2013 Edelman Trust Barometer Finds a Crisis in Leadership Less Than One in Five Trust Leaders to Tell the Truth Less than one in five respondents in the 2013 Edelman Trust Barometer believes a business or governmental leader will actually tell the truth when confronted with a difficult issue. This lack of confidence in traditional authority figures was continually reinforced in 2012 against the backdrop of high-profile scandals involving CEO and government officials. http://www.edelman.com/trustdownloads/press-release/
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Aristottle who would thin I would quote him? Virtue ethics emphasizes the role of one's character and the virtues that one's character embodies for determining or evaluating ethical behavior. Virtue ethics is one of the three major approaches to normative ethics, often contrasted to deontology which emphasizes duty to rules and consequentialism which derives rightness or wrongness from the outcome of the act itself. [1]
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Principle 8: Principle 9:
Anti-Corruption Principle 10:
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and methodology can work for your organisation. It provides a progressive systematic management approach that encompasses best practice for application , monitoring and communication of progress as a responsible business to the local community and business economy
Businesses depending on size operate at 3 main levels in demonstrating CSR and Sustainability and these can be categorised as: o Basic: May have some community involvement but not recorded, o Intermediate: Community engagement, records and reporting, o Advanced: Corporate Reporting to United Nations and GRI Guidelines
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Carbon Footprint
Suppliers that do not manage CO2 will be deselected from Approved Supplier List to competitors who have Carbon management plans. The results indicate that companies are making real changes to their operating models, most frequently in procurement, resulting in greater reductions in greenhouse-gas emissions and greater monetary gains across the entire supply chain. The business case is strong and growing suppliers that do not measure, quantify, and manage their greenhouse-gas emissions will soon see their business move to competitors that can provide better information and clearer evidence of change.
Of the 49 Carbon Disclosure Project Supply Chain member companies the companies who are requesting climate information from their suppliers 90% of responding companies have a climate change strategy with at least general guidelines for procurement, an increase from 79% in 2010 and 74% in 2009. Some 62% reward suppliers that employ employ good carbonmanagement practices (up from 19% in 2009 and 28% in 2010), 39% will begin deselecting suppliers that do not adopt such measures (compared to 17% in 2009 and 23% in 2010), and 30% factor climate change into their evaluation of suppliers.
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