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'the Environment Suffers Because Business Has No Ethics'. Discuss

In: Philosophy and Psychology

Submitted By nanet
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‘The environment suffers because business has no ethics’ discuss
Business Ethics can be defined as the critical and structured examination of how people & institutions should behave in the commerce world. Furthermore, it particularises the involvement of examining appropriate limitations upon the pursuit of complete self-interest; however, this may also apply for firm profits when the actions of each individual or firm affects others in some form. If the business really has no ethics, it can be concluded that the environment will suffer since the intention of business growth is far greater than environmental responsibility.
Straight on, business has a predicament either to maximise profits for shareholders or to have a moral responsibility to society as a whole. Firms with low-polluting production methods and responsible waste disposable will reduce the chance of breaking laws designed by governments to protect the environment. One great example is the Body Shop where their aim is reducing the impact on the environment by reducing the energy they consume and generating less waste. Taking fully moral responsibility for the way they run their business. Then, potential employees would rather work for a firm such as the Body Shop, and that they can take pride in and which adopts policies which reflect their own personal views and standards. This increases the quality and standard of employees wishing to apply to that business and therefore provides an incentive to work on. It also allows for businesses to save capital in the long run as adopting such 'green' items as solar powered means of electricity will initially require heavy capital investment but will allow businesses to avoid rising prices in fossil fuels (Coal and Oil) and reduce risk of businesses emitting harsh substances into the atmosphere which will entail government penalties usually in the form of

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