Ethics of multi-corporations involves actions that are morally upright.It is common knowledge that most of the activities corporations are engaged in may not meet the required ethical standards.
The third factor is the growing concern about environmental degradation.
This is a particularly important concern given the fact that environmental conservation has become an increasingly significant for everyone in society today.
In the past, businesses primarily concerned themselves with the economic results of their decisions.
“Today, however, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions” (Anderson 15).
Furthermore, the common public has lofty expectations of the private sector with regard to responsible and ethical behavior.
Consumers expect goods and services to mirror socially and environmentally accountable business conduct at reasonable prices.
Over the last two decades, however, it has become of increasing concern to the business world.
This has resulted in growing interaction between governments, businesses and society as a whole.
It will discuss the importance of corporations setting up corporate social responsibility projects, and the impact these have on society.
Social corporate responsibility and the maintenance of high ethical standards is not an option but an obligation for all businesses.