Developing value codes for business

Developing business ethics and accountability in areas such as: (a) responsibility for preserving the natural environment; (b) embodying values of community, cooperation, participation and empowerment; (c) ethically appropriate conduct in foreign cultures; and (d) moral dimensions of business relations and leadership.

Ethics incentives are being undertaken by such business organizations as Keidanren in Japan and Confindustria in Italy, and the Conference Board in the USA.

In 1996, the Body Shop International plc published a four-part Values Report that represents an attempt to move beyond environmental reporting to a level that addresses broader social and ethical issues.

In the last decade, more and more businesses have adopted human rights guidelines and practices. The Royal Dutch/Shell Group of Companies, for example, claims to have become a corporate leader in promoting human rights standards.