Ethics and Sustainability

Ethics and Sustainability 0
Title: Ethics and Sustainability
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Ethics and Sustainability 1
Contents
Introduction................................................................................................................................2
Identification of Issue 1..............................................................................................................2
Ethical Framework for Addressing Issue 1................................................................................3
Identification of Issue 2..............................................................................................................3
Ethical Framework for Addressing Issue 2................................................................................3
Conclusion..................................................................................................................................4

Ethics and Sustainability 2
Introduction
Ethics are moral values and standards that guide an individual to conduct themselves in
society. When applied in the workplace, it becomes business ethics. Some of the common
issues include:
 Outsourcing
 Workplace diversity and equal opportunity
 Human rights
 White-collar crime
 Corruption
Therefore, businesses are required to act in accordance with safety and security
regulations, environmental regulations, fiscal and financial reporting agencies, and corporate
and civil right laws.
Identification of Issue 1
One of the biggest banks of Australia named Australia and New Zealand Banking
Group (ANZ) was charged with fixing its bank-bill swap rate. It is called "unconscionable
conduct and market manipulation”. It is a white-collar crime, which leads to financial
scandal. The bank is also accused of having a toxic culture among its traders, who enjoy the
life of drugs and large bonuses (Barraquier, 2011). The employees who are motivated by
personal gains (power, money or status) often characterize toxic workplaces. Their major
motive is to divert the organization about their misdeeds and performance shortfalls. ANZ did
not take account of its rate fixing out of ethical commitment, it came out in the investigation
by the regulator ASIC. There was a lack of accountability on the part of the organization that
raises questions on its credibility towards its stakeholders (Dale, 2016).