This is the example: Wal-Mart has announced that it will only sell fresh and frozen fish that come from environmentally sound sources and bear the label of the Marine Stewardship Council. Wal-Mart's size gives it a unique opportunity to improve the fishing industry.

What ethical business practice would this be an example of? is this social responsibility? Give an additional example of this ethical business practice.

Question

Business

Martha Lozano

15 July, 16:26

This is the example: Wal-Mart has announced that it will only sell fresh and frozen fish that come from environmentally sound sources and bear the label of the Marine Stewardship Council. Wal-Mart's size gives it a unique opportunity to improve the fishing industry.

What ethical business practice would this be an example of? is this social responsibility? Give an additional example of this ethical business practice.

+2

Answers (1)

Know the Answer?

Heather Booth · Answer 1

Planet

Explanation:

Business are required to report on the 3 - Bottom Line which are People, Planet and Profit. Under People, a Business Reports on how it has empowered and impacted the staff and community. Under Planet the Business reports in how it has used resources sustainably or improved the environment. Under profit, the Business reports on how it improved the shareholder's value.