Jovliyev Jahongir Ethical Responsibility social responsibility

6 Local Community
The business provides employment to local people.
It sources raw materials and other supplies from the local community.
It invests money in the local community.
ENVIRONMENTAL RESPONSIBILITY

• Businesses have a responsibility to conduct their business activities without damaging the environment, i.e. they should not damage the air, sea or land.

Environmental Responsibilities of a Business
Environmentally responsible firms should try to source renewable energy.
Energy
If waste is not disposed of appropriately, it can contaminate soil, water and air.
Waste
Businesses should take steps to reduce or eliminate the harmful substances they produce and emit.
Pollution
Environmental Responsibilities of a Business
This can cause flooding, and loss of natural habitat for plants and animals.
Deforestation
Businesses should reduce their water usage and find ways to conserve water supplies.
Water Scarcity
Characteristics of an Environmentally Responsible Business
Honest Communication
Environmental Awareness
Product Design
Compliance with Environmental Laws
Sustainable Development

Benefits

1 Access to Finance Businesses may find it easier to raise finance, as some investors will invest only in firms that meet their ethical, social and environmental responsibilities. 2 Recruitment and Retention Employees who are treated fairly and believe that the business behaves in an ethical manner tend to remain in their jobs longer. This helps to reduce recruitment, selection and induction training costs for the business.