ENT078 - B11 Almazora, Lorraine Ianne C. Lapaz, Larraine Lois P. BUSINESS ETHICS Corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary duties, and many other potentially contentious topics are only a few of the topics covered in the study of business ethics. Business ethics occasionally serve as a fundamental guideline that businesses can go by to win the public's approval. The law frequently serves as a guide for business ethics. Ethical Activities Incentivize Ethical Behavior To increase ethical behavior, you need to use rewards as well as punishment. A reward can be as simple as praise in the face of good behavior — particularly when it would be easy for an employee to act unethically. Unethical Activities Unfair Competition Defamation of a competitor, misappropriation of their trade secrets, and trade mark infringement – all these fall under unfair competition which gives a wrong impression to the consumers about the competitor and its products. It is not wrong to use a competitor’s name in the marketing material, but it should not deplore the company or its products. NESTLE PHILIPPINES Nestlé is the world's largest food and beverage company. They have more than 2000 brands ranging from global icons to local favorites, and they are present in 191 countries around the world. They are committed to helping in community and nation-building through programs that help the underprivileged members of society. Agronomy Assistance Since 1990s, Nestle Philippines has been helping coffee farmers in different parts of the country through imparting knowledge on how they can improve their crops. By improving methods in growing coffee, farmers get better yields and eventually help increase the coffee supply in the Philippines as well as help the farmers increase their income. Environmental Protection and Preservation Nestle Philippines is a staunch advocate of environment protection and preservation. Its commitment to sound environmental practices is reflected in its policy called the Nestle Environmental Management System. The company also has a company-wide solid waste Management Program that aims to reduce waste. It is also an advocate for clean air and conducts a periodical free Air mission Testing on the vehicles to employees business partners and community residents. Community Development The Nestle Factory in Lipa, Batangas conducts a Cut & Sew Livelihood Project. It provides job opportunities to community workers by giving them the factory's orders for rags and uniforms. Nestle also has a Yard and Garden Livelihood project which caters to unemployed barangay housewives. The Nestle Cagayan de Oro factory supports the city government's Street Illuminations Project by providing lighting fixtures installed in different barangays. Spouses of Nestle employees are developed as trainers under Misis Kong Trainers Program. The participants conduct livelihood workshops for other spouses and members of their communities. Health and Nutrition Nestle is an advocate for good health and proper nutrition. It conducts feeding programs and medical missions in the areas where it operates. Education and Manpower Development Nestle's Donate-a-Classroom Program helps alleviate the shortage of Classrooms in public schools. It also offers practical and theoretical training to selected students, in order to help them acquire more skills. This is implemented in cooperation with Don Bosco College in Canlubang, Laguna. Nestle also conducts a Technical Skills Scholarship Program which is a two-year program which combines theoretical and hands-on training. Housing and rehabilitation Health and Nutrition Ethical Sourcing Their housing program for victims of major calamities is an important part of their CSR agenda. Through their community clinics and medical missions, they continue to provide our host communities' better access to healthcare services. Helping people thrive helps ensure the long-term sustainability of the premium products we provide. Whether it’s arabica coffee, tea, cocoa, or manufactured goods, we’re committed to offering ethically purchased and responsibly produced sustainable products of the highest quality. Environment San Miguel Brewery (SMB) and the Armed Forces of the Philippines (AFR) are among those promoting sustainability in the Philippines. Under the banner "Buhayin ang Kalikasan," SMB has to date planted around 500,000 trees nationwide. San Miguel Brewery's flagship environment project, "Trees Brew Life," also continued its flagship project. Community SAN MIGUEL CORPORATION San Miguel Corporation (SMC) is one of the Philippines’ largest and most diversified conglomerates, with revenues equivalent to about 4.9% of the country’s GDP in 2021. They focus on empowering communities and reaching out to underprivileged sectors of society. STARBUCKS Starbucks is an international coffee company, with over 20,000 stores in over 60 countries to date. Their social responsibility strategy is based on three pillars: Community, Ethical Sourcing, and the Environment. Education Environment A priority social cause to which we have committed ourselves for the long term is education believing firmly in educations power to transform lives. Their advocacy covers not only the granting of scholarships but also the improvement of the quality of education through programs that benefit public schools and educators. They are committed to becoming resource positive – to give more than we take from the planet. They will store more carbon than they emit, eliminate waste and conserve and replenish more freshwater than they use. Their commitment to equal opportunity means cultivating an environment where differences are embraced and building a culture that fosters a sense of belonging. They put their partners (employees) first, empowering them by providing meaningful opportunities to pursue their aspirations. Across the globe, they serve to strengthen each community by being neighbor every neighborhood wants.