Corporate Ethics

Business ethics or corporate ethics is the study and evaluation of decision making by businesses according to moral concepts and judgments. With global warming being a crucial issue at this time businesses have to make adjustments to their way of business to do what is right for their consumers and their environment. Monsanto, a company that deals with farming directly and their livelihood has put into motion its efforts to help improve the lives of farmers. Their goal for environmental sustainability in regards to farmers is to help them produce more and conserve more. They do this in a plethora of ways such as improving the development of seeds and Monsanto is reaching out to help the poor farmers as well. Exxon has stepped up and has started to work on better oil recovery in order to get more out of the limited amount of oil. This will allow for an extended amount of use out of the same amount of oil. Nestle has made it their policy “to utilize sound environmental, pollution prevention and control, energy conservation and recycling/solid waste management practices internally, and to develop and utilize packaging that reduces the amount of materials used, contains already recycled materials, and/or can be recycled or disposed of in environmentally sensitive ways. Our approach is practical, cost-effective and results-based.” It is crucial that more companies must adjust to the environmental issues at hand. These improvements are a step in the right direction.