Business ethics has always been a…

       Business ethics has always been a heatedly discussed topic since business scandals constantly came to be exposed in recent years. However, the news that a “community-interest company” called Ecoisland has made great contribution in helping the Isle of Wight become energy independent is quite encouraging. Environmental sustainability: The Isle of Green | The Economist Companies involved include Southern Water, ITM Power, IBM and local businesses who aim to contribute to the sustainability by cutting-edged technology and management systems, which is an important part of what we talk about as business ethics.
Why do these profit-pursuing companies join this kind of low or non-profit program? Is it merely an outcome of social conscience and business ethics? Is it so essential for firms to conform to the rules and expectations of the public? Personally, business ethics is not only concerned with the decision maker’s personality but also helps a lot to form the values of the enterprise itself. As the beneficiary who earns profits from the society consuming the energy and resources, it’s affordable and reasonable to give back and promote a sustainable development in the world. To follow business ethics also helps win reputation among its customers and commitment of its employees to the company so as to reap long-term benefits. Precisely, it’s related to morality but absolutely goes far beyond this.
Business ethics is anyway a key component and criterion of a truly successful enterprise as well as its stakeholders.