Business Ethics P3

1848 Words8 Pages
Describe the social implications of business ethics facing a selected business in its different areas of activity.
The organisation BP
BP is a British public limited company which provides gas and oil. It is stated that it is the third largest energy company and the fourth largest company in the world itself.
The business provides oil, gas and renewable energy resources to business such as petrol stations like SHELL. The company states that their main activities are the exploration and production of crude oil and natural gas, refining, marketing, supply, transportation, manufacturing and marketing of petrochemicals. BP also has growing activity in gas and power and in solar power generation and also has about 80,300 employees with a
…show more content…
* The business has spent a lot more money on rebranding their image instead of spending money on solar energy which is what their new image is all supposed to be about. * By rebranding the business to green wash people it is misleading the business shareholders as well as their customers and public.

Ethics in Finance
Ethics in Finance is made by news stories of main scandals such as corruption, executive pay, insider trading and lobbying.

Corruption is basically an act of bribery, by suggesting money or a gift to change the behaviour of the receiver.
It is a serious crime and is the offering of an item of the value for the actions of a person in charge of something to change their decisions. An example of bribery would be a previous case where a mayor of a city was paid $325,000 less than the market value for a property causing suspiciousness of fraud and bribery, he was cleared but there was not efficient evidence of corruption. Another example would be a driver ticketed for parking in the wrong place may offer a bribe to the police officer to ask him or her to tear up the ticket.

An example of Executive pay is when a finance director of the Royal Bank of Scotland had
Get Access