Exploring the Ethical Dimensions in Business Sustainability: A Review on Chapter 8 Corporate Sustinability (original) (raw)

Ethics is a philosophical concept that originates form the Greek word 'ethos', which refers to character or habit 1. Ethics, in broad terms, is influenced by a blend of personal and/or familial values, moral tenets, religious convictions, cultural standards, and optimal methodologies. Personal values stem from the moral standards that an individual applies to determine what is good or wrong, whereas personal choices are the actions that one takes to follow moral guidelines. The ongoing financial crisis is partially attributable to a series of ethical deficiencies exhibited by many entities and individuals operating within the mortgage industry, including mortgage lenders, financial service providers, and borrowers. This failure has had a cumulative impact on the financial meltdown and the worldwide recession, which has both caused and endangered the stability of individuals, as well as governments. Policymakers, regulators, and morality advocates are questioning the impact of financial emergencies and scandals on business practices, the influence of corporate ethics and culture on business processes, and the need to include ethical performance in corporate reports. This chapter explores the ethical aspects of financial, governance, ethical, social, it sustainable environmental performance (EGSEE) and addresses several associated problems.