This document discusses the relationship between business ethics and social responsibility. It defines business ethics as responsibilities, commitments, quality, and reliability, while defining social responsibility as obligations companies have to communities beyond profit-making. Both business ethics and social responsibility are important for companies to achieve high profits responsibly. An example is given of Vedan Vietnam, which was fined heavily for untreated wastewater discharges. Nowadays, many companies see social responsibility as beneficial for business development. Finding a balance between profits and social responsibility can create new strategic opportunities for companies.

1. Ho Chi Minh City University of
Foreign Language – Information Technology
Department of Finance and Accounting
Speaker : Giang Gia Hân
Student ID :
The relationship between
business ethics
and social responsibility.

2. What is business ethics ?
 Responsibility
 Commitment
 Quality
 Reliability

3. What is social responsibility?
It is an obligation to the community that the
companies need to do beside developing
their business.

4. Business ethics and social responsibility
Business ethics Social responsibility
conscience
make a positive move for
society
help company reach high
profits but with social
responsibility
without business ethics,
business is capitalism at its
worst
without social responsibility, the
community will not benefit
Obligation

5. The ultimate goal of a company
Maximum profits
Social responsibility

6. It is hard to balance the profits and social
responsibility in a company.

7. For instance : Vedan VietNam company .
 Vedan discharges
large amounts of
waste water
untreated into the Thi
Vai River.
 More than 5,000
m³ poluted water
was falled into the
river per day.
 Vedan’s total fine : 267.5 millions vnd.
 Forced to pay environmental protection fees than
127 billions vnd.

8. Nowadays, many companies consider social
responsibility to be the good way to develop
their business .

9. For instance

11.  Therefore, making strategies and creating
new ideas from the social activities is a good
way for the companies to get the balance in
profits and social responsibility.

12. References :
Retrieved information from :
 Business Ethics: Ethical Decision Making For
Business And Cases ( 2002 ) by Fraedrich, O.C
Ferrell, Linda Ferrell.
http://business-ethics.com/2015/05/05/does-
corporate-social-responsibility-increase-profits/
http://adage.com/article/cmo-strategy/10-
companies-social-responsibility-core/143323/