Ethics and

Corporate Social Chapter

Responsibility for
Business 5
* Understand the relevance of ethics and CSR
for business

* Learn the similarities, differences and

associations of morality, ethics and
responsibilities
To be reported by
Christine Jane Ramos
IV -16 | Group 3

Emergence of Ethics and CSR
In the 1980’s we hardly
could have predicted the
explosive growth and rising
ethical expectations and
initiatives regarding business
behaviour that have
emerged worldwide over
the past two decades.
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Emergence of Ethics and CSR
In this chapter we first
EXPLORE a multitude of
forms of broadly defined
ethics and CSR that have
emerged globally and in
different countries and
regions.
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MULTIPLE FORMS IN
DIFFERENT NATIONS
AND REGIONS
WORLD

SUSTAINABILITY
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In 1987, the World Commission on Environment and Development
(WCED) published its report Our Common Future and gave the
definition of sustainability.

“Sustainability” which means, to meet the needs of

the present without compromising the ability of
future generations to meet their own needs’.

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Therefore, we have to think and act today in terms of
intergenerational ethics so that our next generations will have at
least the same conditions we enjoy, to live their own lives.

This definition was also adopted by the United Nations

Conference on Environment and Development (UNCED) in 1992
in Rio de Janeiro, Brazil, and has been playing a guiding role ever
since in dealing with issues such as…

Global climate
Ozone layer biodiversity
change
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In business sector, the World Business Council on Sustainable
Development (WBCSD) has taken multiple initiatives to promote
environmental awareness and business conduct that is
sustainable.

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Terms that should not misconstrued

Sustainability
Goal for society as
a whole

Eco- efficiency
Denotes both economic and
ecological efficiency as stated
by S. Schidmidheiny and F.
Zorraguin

Sustainable
profit/ business
Often means merely for
profits without
environmental concers 8
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To safely state the challenge of sustainability is now recognized more,

The world dissemination of the

“Equator principles” since 2005, an
industry approach for financial
establishments in determining,
assessing and managing environmental
and social risk in project financing; and
the Award for Sustainable Banking
sponsored by the Financial Times and
IFC, the private sector of World Bank
Group.
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MULTIPLE FORMS IN
DIFFERENT NATIONS
AND REGIONS
WORLD

CORRUPTION
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 • The World Bank was not
ready to tackle corruption
head-on on the early
1990’s.
• In 1991, a senior officer of
the WB, Dr. Peter Eigen,
Corruption left the bank and organized
A very serious problem in developing and Transparency International.
developed countries

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Transparency International

Has become very

influential NGO with
more than 90
national chapters
Headquartered in
and issued many Berlin because
A nongovernmental
publications, in organization with
corruption should be the mission to fight
particular the annual considered primarily a corruption
Global Corruption challenge for
Report, the developed countries.
Corruption index and
Bribe Payers Index

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In the last few
years, corruption
has become a
MAJOR CONCERN
for the World
Bank too.

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Thank you for listening ^_^

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