Business Ethics and Sustainability: A Critical Analysis of Lanka Electricity Company Private Limited (LECO)

Running Head: ETHICAL JOURNAL 0
Business Ethics
Business ethics and Sustainability
(Student Details :)
12/31/2018

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Contents
Abstract....................................................................................................................... 2
Business ethics and Sustainability..............................................................................3
Introduction................................................................................................................. 3
Theoretical/conceptual approaches............................................................................5
Environmental, Economic and Social aspects of LECO..........................................8
Analysis.....................................................................................................................13
SDG-7: Affordable and Clean energy....................................................................13
SDG-12: Responsible consumption and production..............................................14
CSR Activities of the LECO in Sri Lanka...............................................................16
Conclusion................................................................................................................ 17
References................................................................................................................19

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Abstract
Business ethics and sustainability are strongly interrelated as ethical consumption,
production and distribution of energy is the key to sustainability. Sustainability means
the availability of resources for the currently living community and future generations
as well. In this way, the discussion is an attempt to know the key requirements of
sustainability goals achievement.
For doing so, here a company LECO is been considered for the analysis. The report
have analysed the energy generation as well as supply industry with the help of the
company ‘Lanka Electricity Company Private Limited (LECO)’ of generating,
supplying energy as well as manufacturing energy smart meter using renewable
energy resources. Besides, all 17 sustainable development goals (referred as SDGs)
which are declared by United Nations are also been accessed for the critical analysis
of the LECO from the perspective of global sustainability in all areas of human living
on earth.
Thus, it is hoped this study will help environmentalists, human beings, government
as well as industrialists of our nation for achieving sustainability for the whole world
while doing business in ethical barriers. In this way, it has been successfully found
that LECO is giving appreciable efforts to preserve our environmental resources for
long-time, and this report also have recommended some useful suggestions in order
to help the company to improve in the areas of affordable, clean energy as well as
responsible consumption and production of energy.

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Business ethics and Sustainability
Introduction
This report is aiming to critically assess the energy generation and supply industry
from the perspective of business ethics as well as sustainable development goals
implementation. Here the Lanka Electricity Company Private Limited (LECO) is been
chosen as the organization to be assessed for the energy sustainability worldwide.
Source: (Bass & Dalal-Clayton, 2012)
The LECO is the greatest electricity distribution company of Sri Lanka with market
shares of about 20 per cent. The company controls all major functions related to
energy distribution as well as energy smart meter manufacturing in Sri Lanka. LECO
is an ethical as well as renewable energy supplier. The LECO Company is
committed towards building an energy generating, supplying entity which consumers
willing to stay with long time-period. LECO is promising to be transparent and fair
because they want to bring back the public’s trust in the energy production as well as

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supplying industry. For achieving above, LECO supply their consumers safely and
efficiently; listen to them as well as offer good personal consumer service.
Source: (LECO, 2018)
Thus, the report is emphasizing on critically assessing the energy production and
supplying industry in which the LECO operates from the perspective of business
ethics or Corporate Social Responsibility (CSR). Furthermore, the report will also
evaluate the extent of the organisation’s efforts considering environmental, social as
well as economic aspects. Additionally, two of the United Nations Sustainable
Development Goals (SDGs) will be discussed so that recommendations on how the
LECO could improve further in those discussed SDGs areas can be provided (United
Nations, 2018).

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Source: (Birol, 2018)
Theoretical/conceptual approaches
Energy generating and supplying companies, especially those are producing from
fossil fuels: oil, coal, natural gas, are prone to attack by the ecologists as well as
their supporters in the media. Although people criticize the conventional sources
using energy companies for disastrous pollution yet attacking these companies is not
suggested because ultimately they generate fossil fuels, without which people
cannot survive for heating their home; producing our food; powering cars, trains and
buses (Nelder, 2009). People use conventional resources as fuel for electrical power
that people need for lighting as well as for all the information technology they use on
daily basis, from our mobile phones to computers. Thus, world cannot stop those