Question

two ethical company from the corporation and the reason why they are ethical?

Answer 1

Starbucks ( America' s leading multinational coffeehouse chain) is considered one of the world's most ethical companies. It makes conscious effort to be a responsible company and conduct business in an ethical manner.

It does business through community, sourcing, environment, diversity and wellness. It strives to live out its mission statement and values everyday.

Starbucks is a socially responsible and wants its customers to know exactly how Starbucks is doing so.

Starbucks even compiles an annual report dedicated to its Corporate social responsibility. Customers are more willing to pay a higher price and utilize company's products if they know are supporting a company that is socially responsible.

Business analyst agree that Starbucks is a widely respected company because of its commitment to social responsibility. It has earned this reputation through its actions in all phases of its business and line out this commitment through both it's mission statement and values.

The company' s mission is-"to inspire and mature the human spirit- one person, one cup and one neighborhood at a time".

It has a seperate mission which is dedicated to environment- "Starbucks is committed to a role of environmental leadership in all facets of our business".

Below are company' s values:

- Community

- Ethical Sourcing

- Environment

- Diversity

- Customer Wellness

These qualities differentiate the company and makes it as Ethical.

3M- 3M is recognised for Corporate integrity, character and transparency impact the public trust of companies.

3M's code of Conduct is a part of 3M's values and is viewed as a competitive advantage. Company's high reputation among consumers and across many industries.

Company create and promote a workplace environment where compliance and ethical business conduct are expected and encouraged through a strong tone at the top and leading by example.