abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

15 May 2005

Author:
Noreena Hertz, professor of global political economy at the University of Utrecht, in San Francisco Chronicle

New ethic: Just do it right - Smart firms know acting socially helps the bottom line

There is a strong business case for sound ethical and environmental practices that is just beginning to be effectively articulated. It is based upon three factors: The effect on their reputation of doing wrong (or right), the financial risk attached to litigation, and the competitive advantage of getting out in front of regulation. [refers to Nike, Sony, BP, Unocal, Shell, McDonald's]