Question 1(a) · 10 marks · 128 words written
Opening · a definition
Corporate ethics advocates the trinitarian welfare model catering to effective environmental, social and governance norms fulfilling the spirits of equity and sustainability.
Importance of integrating ESG metrics with multistakeholder approach
Body · points and prose
(1) Taking a balanced approach in meeting the tripple bottom line -
(2) Ethical Corporate culture on the lines 'maxim of reciprocity' where corporates have moral obligation to return goodwill to society. (3) Prevail ethical standards transparent
governance taking care of various stakeholder create an amicable work culture.
(4) Sustainable development - To fulfill the demands of Paris Agreement, corporates need to environmentally ethical.
(5) Productivity via Inclusion - McKinsey reports note that diversity in organisations improve productivity by 30%. (social care)
Close · a summary
With SEBI mandating Business & sustainability Reporting, India is moving towards an empowered, ethical corporate governance.