Foundation Of Principles Of Business Ethics Essay Example
2. What elements in BP's past led to their involvement in dubious actions? It appears that during the company's establishment, the main emphasis was on monetary gain. There seemed to be an excessive focus on substantial financial returns, potentially neglecting other critical aspects. When disasters such as blasts causing 15 deaths began happening, they might have been oblivious of the catastrophic consequences arising from overlooking minor issues leading to these widespread catastrophes. If BP had paid attention to problems like leaks that resulted in explosions, they might now enjoy a better public image and have additional resources for more advantageous endeavors.
2. Assess the advancement BP has made in its pursuit of sustainability. Do you believe their efforts are adequate, or is there a need for more initiatives? I personally commend BP's action
...s towards environmental conservation. Their commitment to being eco-friendly goes beyond a singular approach and involves multiple tactics. They engage in ventures related to wind energy, solar power, biofuels, and carbon capture technology. Furthermore, they launched an educational program targeting high school students aiming to heighten their understanding of their own carbon footprints. I firmly believe that BP is earnest in its mission to address issues and provide reassurance to its stakeholders. The firm is determined in demonstrating its regard for the environment and its ambition to have a beneficial impact on our world.
3. Are you of the opinion that BP's code of conduct and ethics plans will hinder future wrongdoing? While I don't believe that BP's code of conduct and ethics will entirely stop future wrongdoing, I am inclined to believe it will substantially mitigate it. This
viewpoint arises from the understanding that preventing future misconduct in totality is a near impossibility. The code of conduct and ethics plays an instrumental role in educating BP's employees about their professional obligations. Communicating to workers the core values and goals of the company is crucial for its forthcoming trajectory. BP goes a step further by facilitating awareness seminars to deepen their employees' comprehension of their code of conduct and ethics. I am particularly fond of its title - "Our Commitment to Integrity". The existence of this conduct guideline testifies to BP's determination towards fostering a more responsible corporate culture and a better world.
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