ethics

• Corporate Social Responsibility

  • Is a management concept that describes how a company contributes to the well-being of communities and society through environmental and social measures.
  • Obligation of the business to be sensitive to the needs of its stakeholders.
• Environmental Responsibility

  • One of the pillars of Environmental, Social, and Corporate Governance (ESG).
  • Focuses on minimizing the negative impact of a company’s operations on the environment.
• Examples of Environmental Responsibility

  • Reducing energy use by putting lights and HVAC.
  • Recycling and composting at your place of business.
  • Limiting the amount of packaging on any products.
• Economic Responsibility

  • Refers to a company’s obligation to operate in a financially sustainable manner while also contributing to the economics well-being of the communities in which it operates. 
• Examples of Economic Responsibility

  • Investing in local communities.
  • Supporting small and local businesses.
  • Donating to charitable organizations.
• Ethical Responsibility

  • Means operating with integrity, transparency, and values. Inclues following laws and regulations and ensuring that business practices align with ethical standards.
• Examples of Ethical Responsibility

  • Treating employees fairly and providing a safe working environment.
  • Ensuring that suppliers and partners adhere to ethical standards.
  • Engaging in transparent and honest business practices.
• Benefits of CSR

  1. Enhanced reputation
  2. Attract and retain talent
  3. Improved relationships with stakeholders
  4. Mitigate / Reduce risks
• Stakeholders – Customers, suppliers, investors, and the community.
• Transparency

  • Is a global movement sharing one vision: a world in which government business, civil society, and the daily lives of people are free of corruption.
• Accountability

  • Means that employees will perform a job, take corrective action when necessary, and report upward on the status and quality of their performance.
• Fairness

  • May be measured by the equity theory.
• Equity theory

  • States that people assess how fairly they have been treated according to two key factors (outcomes and inputs).
• 3 THINGS BUSINESSES HAVE TO CONSIDER BEYOND PROFIT

  1. The Natural Environment
  2. Social Entrepreneurship
  3. Social Entrepreneurship - Models and Stewards
• Social Entrepreneurship

  • The developing, innovative, scalable, and sustainable means of solving social problems.
• Social Responsibility

  • Frequently practices direct enterprises to deal with the natural environment. 
• Gawad Kalinga (GK)

  • Working in the enterprise development environment, health, homelessness, and housing sectors.
  • Antonio Meloto and Jose Luis M. Oquinera
• Hapinoy Micro Ventures

  • Concerned with the enterprise development and women sectors.
  • Paolo Benigno Aquino IV
• Human Nature

  • Involved in agriculture, labor conditions, and unemployment.
  • Anna Meloto – Wilk and Dylan Wilk
• Hybrid Social Solutions (HSSI)

  • Concerned with the matters of energy and rural development 
  • Jaime I. Ayala
• Rags2Riches

  • Concerned with matters in environment, labor condition, and unemployment.
  • Therese Fernandez
• DEPARTMENT OF ENERGY (DOE)

  • Encouraged the return to the natural environment through a policy statement on the use of renewable energy. 
• Renewable sources - solar, micro-hydro, wind, and biomass sources.
• ECOLOGY

  • The science that studies the relationship of life on earth and the process linking each living thing to the physical and chemical environment. 
  • Study of the ecosystem.
• Ecosystem

  • A system made up of a community of animals, plants, and bacteria, and the physical and chemical environment with which it is interrelated.
• Degradation

  • Lowers the grade or type of a system.
  • Examples:
  • Clothes washed with detergents.
  • Throwable bottles.
  • Man-made nitrogen fertilizer.
  • Use of synthetic fibers.
  • Use of heavy cars.
• EMB-DENR

  • Environmental Management Bureau of the Department of Environment and Natural Resources.
  • Moves to address environmental concerns.
• Hydroponics

  • Advanced method of growing plants that use other mediums such as coco peat instead of soil, enabling the plant to produce more vegetation.
• GAWAD KALINGA COMMUNITY DEVELOPMENT FOUNDATION, INC.

  • Aim to end poverty for five million families by 2024 by first restoring the dignity of the poor.
  • Often considered as the pioneer for social entrepreneurship in the Philippines.
• Philanthropic Responsibility

  • Refers to a company’s obligation to give back to communities through charitable donations, volunteer work, and community involvement.
  • Can support a variety of causes.
• Examples of Philanthropic Responsibility

  • Supporting employee volunteer programs.
  • Sponsoring community events and initiatives.
  • Creating a foundation or corporate trust.
• Ethics

  • moral principles that guide the conduct of individuals
  • is based on the identification of rules that should direct people’s behavior
• Socrates

  • is viewed by many as the founding figure of Western philosophy
  • He grew up during the golden age of Pericles’ Athens, served with merit as a soldier, but became  best acknowledged as a questioner of everything and everyone
• Plato

  • was a Greek philosopher whose family was one of the most distinguished in Athens
  • author of "The Republic"
• Knowledge / Wisdom - when present in the whole, will be inherent in the smallest part, and the one which takes the lead and directs the rest
• Courage - that part which goes inside an arena and battles in the defense
• Temperance - control of certain desires and cravings
• Justice - universal principles that everyone ought to perform as a role in the community that best suits his nature