Ishita's Business Ethics Case Study by

Overview

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The Padlet provides a thorough examination of the complex interrelationships of corporate governance, sustainable development, and business ethics. It is in line with Sustainable Development Goal 12 - Responsible Consumption and Production - and covers the essential components of a selected business ethics topic, "The Absence of Honesty and Integrity in Corporate Governance: Lessons from the Australian Royal Commission," in its entirety. This Padlet highlights the crucial role that ethics play in the corporate world as the world comes together to strive towards the 2030 Agenda of the United Nations. The chosen journal paper, written by Hai Yen et al. (2023), highlights the moral failings found in the Australian financial industry and serves as a basis for further investigation into the wider ramifications for sustainable production and responsible consumption.Renowned investor Warren Buffett highlights that making ethical decisions is crucial to maintaining and enhancing a company's reputation. This highlights the importance of ethical concerns in promoting long-term commercial success.

Overview of Journal article

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The paper "Climate Change and Business Ethics," by Boudewijn de Bruin, emphasizes the vital connection between upholding business ethics and solving the climate disaster. The author highlights how corporations have a big impact on how the world is shaped and promotes giving ethical issues top priority when making decisions. This viewpoint is consistent with Sustainable Development Goal (SDG) 13, which calls for immediate action to mitigate the effects of climate change. The premise that companies, as important stakeholders, should actively contribute to achieving SDG 13 by integrating ethical standards into their operations is supported by De Bruin's thesis.

The article also examines how international environmental law has evolved and emphasizes how rights-based approaches to climate change adaptation and mitigation are becoming more and more popular. This is in line with the more general Sustainable Development Goals (SDGs), such as SDG 16, which calls for an inclusive, equitable, and peaceful society. The essay essentially makes the case that moral business actions are essential to achieving several Sustainable Development Goals (SDGs) and ensuring a more just and sustainable future for all people on the planet.

Utilitarianism theory of consequences (teleological ethical theories)

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Utilitarianism, deontology, and virtue ethics are the three ethical theories that can be used to analyze the problem of greenwashing in corporate activities. According to utilitarianism, an action's worth is determined by how much it adds to happiness or utility overall. Regarding greenwashing, it denounces the approach because it deceives customers, undermines credibility, and has detrimental long-term effects on the welfare of society. Deontology places a strong emphasis on upholding moral standards. Greenwashing violates the principles of honesty and integrity by using deception, which makes it unethical from a deontological perspective. The focus of virtue ethics is on the moral fibre of people and institutions. Greenwashing exposes a company's disregard for environmental responsibility and integrity, two values that businesses ought to respect.

The Sustainable Development Goal (SDG) 12: Responsible Consumption and Production of the United Nations is in line with the journal article on greenwashing and its effects on society. The theories emphasize the necessity for ethical business conduct to accomplish SDG 12 and help to comprehend how dishonest corporate activities harm trust, sustainable consumption, and general societal well-being.

SDG- 13- Urgent action to combat climate change and its impact

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The UN SDGs, notably SDGs 12 (Responsible Consumption and Production) and 13 (Climate Action), cannot be practically implemented without the selected ethics issue and journal article. The essay underlines how important it is for businesses to deal with moral issues, stressing the moral implications of sustainable production and consumption methods. The way that organizations make decisions affects how committed they are to cutting waste, managing resources responsibly, and implementing environmentally friendly practices. This is where ethics comes into play. Ethical behaviors that compromise the well-being of communities, such as greenwashing, can impede the advancement of SDG 12.

Furthermore, as climate action programs (SDG 13) frequently call for cooperation, transparency, and adherence to ethical standards, they might be negatively impacted by unethical behavior. As a result, the ethical dimension described in the journal article plays a crucial role in ensuring that SDGs 12 and 13 are implemented successfully. This highlights the significance of morality, social responsibility, and integrity in accomplishing sustainable development goals.

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further research sources shed further light on the complexity at play when attempting to fully comprehend the relationship between greenwashing, ethics, and the UN Sustainable Development Goals. A study by Khan et al. (2018) sheds light on the difficulties associated with corporate governance, highlighting its significance for environmentally friendly business practices and making a clear connection to the moral issues raised in the paper by Torelli et al. Furthermore, the Principles for Responsible Management Education (PRME) of the United Nations Global Compact guide incorporating sustainability and ethics into management education, highlighting the significance of ethical issues in accomplishing SDGs 12 and 13. These resources add depth to the analysis by highlighting the need for ethical behavior and open corporate practices to overcome barriers to sustainable growth. Using these realizations, the connection between the moral dilemma of greenwashing,, the interdependence of SDGs 12 and 13, and the critical role of moral corporate conduct become increasingly apparent, providing a thorough viewpoint on resolving issues and achieving sustainable objectives.

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The analysis of ethics in organizational behaviour highlights the critical connection between ethical corporate practices and sustainable development, with a particular emphasis on the unethical character of greenwashing. Greenwashing undermines trust and impedes the achievement of Sustainable Development Goal 13, which focuses on climate action, by placing short-term profit ahead of societal well-being. Making ethical decisions is thought to be crucial for businesses in order to guarantee responsible behaviour, uphold stakeholder confidence, and support sustainable development goals. In the grand scheme of things, this is a global issue since it deals with the requirement that companies adhere to moral principles, which in turn fosters a shared commitment to fight climate change and advance ecologically responsible practices for the welfare of both the earth and its inhabitants.

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Armstrong, A. (2020). Ethics and ESG. Australasian Accounting, Business and Finance Journal, 14(3), 6–17. https://doi.org/10.14453/aabfj.v14i3.2

Bakhshi, P., & Chaudhary, R. (2020). Responsible Business Conduct For The Sustainable Development Goals: Lessons From Covid-19. International Journal of Disaster Recovery and Business Continuity, 11(1), 2835–2841. https://www.researchgate.net/publication/344270286_Responsible_Business_Conduct_For_The_Sustainable_Development_Goals_Lessons_From_Covid-19

Bulog, I., & Grančić, I. (2017). The Benefits of Business Ethics - Ethical Behavior of Decision Makers. Mediterranean Journal of Social Sciences, 8(4–1), 9–14. https://doi.org/10.2478/mjss-2018-0067

Grasso, M. (2020). Towards a broader climate ethics: Confronting the oil industry with morally relevant facts. Energy Research & Social Science, 62, 101383. https://doi.org/10.1016/j.erss.2019.101383

Gupta, S. (2023). Greenwashing: New Area Of Corporate Concern. International Journal of Innovations & Research Analysis (IJIRA), 2(2), 198–202. https://www.researchgate.net/publication/366906354_Greenwashing_New_Area_Of_Corporate_Concern

Hai Yen, T. T., Wong, W.-K., Al-Abyadh, M. H. A., Muda, I., Julca-Guerrero, F., Hishan, S. S., & Islam, M. M. (2023). The impact of ecological innovation and corporate social responsibilities on the sustainable development: Moderating role of environmental ethics. Economic Research-Ekonomska Istraživanja, 36(3). https://doi.org/10.1080/1331677X.2022.2153260

iu, L. Y., Saner, R., & Bardy, R. (2020). Collective Action on Public Goods for Sustainable Development: Ethics in Action. Business Ethics and Leadership, 4(4), 14–27. https://doi.org/10.21272/bel.4(4).14-27.2020

Khaled, R., Ali, H., & Mohamed, E. K. A. (2021). The Sustainable Development Goals and corporate sustainability performance: Mapping, extent and determinants. Journal of Cleaner Production, 311, 127599. https://doi.org/10.1016/j.jclepro.2021.127599

Ogiemwonyi, O., & Jan, M. T. (2023). The correlative influence of consumer ethical beliefs, environmental ethics, and moral obligation on green consumption behavior. Resources, Conservation & Recycling Advances, 19, 200171. https://doi.org/10.1016/j.rcradv.2023.200171

Torelli, R., Balluchi, F., & Lazzini, A. (2020). Greenwashing and environmental communication. Business Strategy and the Environment, 29(2), 407–421. https://doi.org/10.1002/bse.2373

Ugoani, J. N. N. (2019). Business Ethics and its Effect on Organizational Sustainability. Global Journal of Social Sciences Studies, 5(2), 119–131. https://doi.org/10.20448/807.5.2.119.131

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