ethical business practices
/ɛθɪkəl ˈbɪznəs ˈpræktɪsɪz/ · eth·i·cal bus·i·ness prac·ti·ces
noun
- Principles and methods that guide a business in making decisions and conducting operations in a responsible and morally sound manner. The company's commitment to ethical business practices earned it a reputation as a trustworthy and sustainable business partner.
noun
- A set of standards and guidelines that a business follows to ensure its operations are fair, transparent, and respectful of stakeholders. The company's code of conduct outlines its ethical business practices and expectations for employees.
noun
- A business approach that prioritizes social responsibility, environmental sustainability, and human rights, in addition to financial performance. The company's shift towards ethical business practices has led to increased customer loyalty and a positive brand image.
Synonyms
responsible business practicessustainable business practicessocially responsible businesscorporate social responsibility
Antonyms
Did you know? The concept of ethical business practices has been influenced by the work of philosophers such as Aristotle, who emphasized the importance of virtue and character in business decision-making.