Environmental and Ethical issues

Jazmín, Rocio, Victoria and Faustina

What does environment and social responsibility mean?

How business impact in the environment

Externalities Private Cost Private benefits External Cost External benefit Social Cost Social Benefit

What does Sustainable development means?

What can businesses do?

Responding to environmental pressures and opportunities

• Pressure group • Consumed boycotts

Their activity is likely to change businesses actions when..

Laws passed by government:

Examples of government making businesses activities illegal

Financial penalties, including pollution permits

Summary

Ethical Issues Should business ever… Take or offer bribes to government officials or

people working for other firms? Employ child workers, even though it might not

be illegal in some countries? Agree to “fix high prices” with competitors? Buy in supplies that have led to damage to the

environment? Different Modal Codes