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Research : ethical issues - Literature review Example

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Name Selected Topic Module University Name Part A) Tucker’s 5-question Model Many business decisions have elements of ethics (Campbell, 2008). In order to assess those ethical elements, Tucker has introduced 5-question model: Is it profitable? It is legal?…
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Download file to see previous pages In addition, presumably Georgia and Azerbaijan have not shown anything that highlight the presence of illegality in the project. However, Amnesty International, Friends of Earth and Bank Watch have accused BP of making the Host Country Agreement with Turkey which is a clear violation of European Convention on Human Rights. Is it fair? Although BP has provided aggregately $45m for the Regional Development Sustainability Program (RDSP), yet some environmental groups such as Friends of Earth, Amnesty International have blamed BP for gross human rights violations by torturing and abusing many local people who go against the project. Is it right? The news of human rights violations must be considered. The reports that BP uses illegal means against the landowners must be taken into account. Before going to make a decision about the project by the decision makers of this project, these concerns must be resolved. Is it sustainable or environmentally sound? Civil society groups have highlighted some grave environmental impacts of the BTC project. The coating of the pipeline, the risks of leakages, the disruption during the building phase, and more significantly Georgia’s water resources may be contaminated by the oil spills, are those environmental threats that could endanger the lives of local population. Despite BP has initiated RSDP program, yet the appropriate implementation of the RSDP looks less benefiting the local population as the Transparency International Corruption Perception Index ranks Azerbaijan and Turkey at 125 and 77 respectively. Part B) Safety, risk and environmental protection Recently, we have seen the horrible impacts of Gulf oil spill in the Gulf of Mexico at the hands of British Petroleum (BP). This single incident has put the entire sea life under the threat of extinction. Even if the BP is heavily charged or fined for it, in fact, it has been heavily charged; but, it would not undo the impacts of that oil spill. That heavy fine or charge cannot bring back the same environment to sea life that was there before the oil spill. Additionally, some authors on the issue point out the irresponsible role played by the BP over the handling of the problem of spill over. Now, it is useless to point out BP or any one; important thing is that to what extent the business community gives importance to business ethics? It is there where the crux of problem exists. In this regard, it is highly significant to understand what business ethics are; and how companies should implement them in order to protect the Mother Nature from any such events in the future? Business ethics have become more relevant nowadays than ever before. Business community faces different environmental, social, cultural, religious and other groups regarding the impacts of business on the above mentioned aspects of human life. As the global resources are fast diminishing, dangerously increasing carbon foot print, threatening global warming, polluting physical environment, endangering the lives of wildlife; all these factors have pushed humanity to think and act collectively rather than at the cost of one another. As a result, business ethics have been introduced to safeguards the interests of everyone who is being affected by the impacts of business. Without any doubt, the activities of business directly or indirectly threaten the lives of nearby communities. In the subsequent parts of this research paper, first, environmental reporting and its accounting aspects are described; ...Download file to see next pagesRead More
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