Responsible and Ethical Business Practice of Unilever

Responsible Ethical Business practice
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April 9, 2023
Understanding how to balance profit and sustainable operations is essential for any large organization. Although profit is typically the primary objective of a business to remain in operation, implementing sustainable practices is also essential to prevent any legal and regulatory risks which could cause losses. However, if a company's primary objective is to profit, expanding as much as it would like will take much work. Both their customers and their employees must be taken care of. They must take responsibility for the misdeeds or problems that their business has engaged in. To ensure that the consumer or the client is satisfied with their service or work, they must aid with issues relating to their product and services. A business committed to its mission must follow ethical business practices, which entail treating all parties fairly, justly, and responsibly, including customers, employees, shareholders, suppliers, and the community (Global, 2017).
Context and Scenario
In response to growing worries about how corporate operations are affecting society and the environment, the idea of responsible business has evolved. This includes promoting sustainable and moral business practices that benefit all parties involved, including clients, staff, shareholders, and the communities where enterprises operate. Because it is the only way people can continue to live on our planet in the years to come, sustainability is a significant concern for the world's future. When making their products, large corporations like Unilever emit a significant amount of greenhouse gasses. They are working to increase their sustainability as a result in order to keep it. In this paper, the author will use the brand of Unilever, a British-based company, to describe a company that has responsible and ethical business practices (Plc, 2023). Some businesses, like Microsoft, specializing in creating digital products, utilize significantly fewer greenhouse gasses to produce their services. However, in creating their digital products and services, companies must consume energy to run their offices and data centers, producing greenhouse gases. Companies do this by employing electrical equipment and electricity. Even though Microsoft has switched to using renewable energy, there are still occasions when it is unavailable. This is why every company should do its part in promoting sustainability even if they are producing fewer greenhouse gasses.
It must be noted that these organizations are some of the largest organizations that span various parts of the globe. Global consumer goods giant Unilever has operations in more than 190 nations. The company sells various goods, including food, drinks, personal care, and home care items. Their goods are widely used throughout the home and are relatively common. Unilever is dedicated to employing ethical business practices and has established challenging goals to lessen its negative environmental effect and enhance social circumstances throughout its supply chain. Because there is so much at stake, a firm with a wide range of products should put much effort into becoming an ethically aligned organization (...