AN EASY COMPARISON ON BUSINESS ETHICS V/S CSR

1. ETHICS V/S SOCIAL RESPONSIBILITY
DOS IN COMMERCE AND MANAGEMENT

2.  INTRODUCTION
 DEFINITION & MEANING OF BUSINESS
ETHICS
 DEFINITION & MEANING CSR
 DIFFERNCE BETWEEN BUSINESS
ETHICS & CSR
 EXAMPLES OF BUSINESS ETHICS & CSR
 REFERENCES
 CONCLUSION

3. Social responsibility, on the other hand, often enters into the
domain of business as the topic "corporate social
responsibility" or simply CSR. As such, it is more focused on
the corporation (or organization) and its obligations and
behavior to other stakeholders in the larger social system.

5. MEANING OF BUSINESS ETHICS
Ethics is a branch of social science. It deals with moral
principles and social values. It helps us to classify, what
is good and what is bad? It tells us to do good things
and avoid doing bad things. In business, principles of
conduct within organizations that guide decision making
and behavior

6.  Social responsibility can be defined as the
concept that states that businesses have a
duty to use their power for the greater good. In
other words, by regularly making money off
their respective communities, companies have
an obligation to pay it back by somehow
helping the people who make up those
communities.

7. Applicability: As per Section 135 of the Act and rules
issued there under, CSR norms are applicable on
companies which has (a) net worth of Rs 500 Crore or
more; (b) turnover of Rs 1000 Crore or more; or (c) net
profit of Rs 5 Crore or more.
Compliance: The companies, crossing the prescribed
threshold, are required to spend at least 2% of their
average net profit for the immediately preceding 3
financial years on CSR activities.

9.  Business ethics covers all
ethics-related issues
including supply-chain
process, marketing and
financing in all areas of
functionally business.
 In fact, corporations have
responsibilities to a variety
of stakeholders including
employees, customers, local
communities, and the
environment.
 Business ethics carves out
somewhat different territory
having to do with issues like
honesty, rights, equity and
the exercise of corporate
power.
 However, CSR is unique for
corporate responsibility,
which is responsibility to
society.
 Conversely, CSR is more
focus on society actually.
 CSR is a more narrow
construct than business
ethics, touching less on
questions of individual
conduct and its personal
motivations and intentions

11.  TATA GROUP
 The Tata Group in India carries out
various CSR projects, most of
which are community
improvement and poverty
alleviation programs. Through self-
help groups, it has engaged in
women empowerment activities,
income generation, rural
community development, and
other social welfare programs. In
the field of education, the Tata
Group provides scholarships and
endowments for numerous
institutions.
 ULTRATECH CEMENT
 The company has organized
medical camps, immunization
programs, sanitization programs,
school enrollment, plantation
drives, water conservation
programs, industrial training, and
organic farming programs in 401
villages in India.

13. https://corporatefinanceinstitute.com/resources/kno
wledge/other/business-ethics/
https://www.quora.com/What-is-the-relationship-
between-business-ethics-and-corporate-social-
responsibility-CSR
https://www.slideshare.net/knraja50/social-
responsibility-business-ethics

14. BY
SUSHMITA R GOPINATH
1ST YEAR Mcom “B”