Crossroads of Philosophy and Economics

Pocket Reference of Business Ethics Theories

 
 
 

 

Cause Marketplace Ethics

sometimes called Greenwashing

cause_marketplace_shareholder_theory_ethics_greenwashing
Values
Profit
Respect for laws
(Honesty, as well as social and environmental welfare are absent or diminished as values)
Responsibility
Decisions checked for economic viability in the marketplace, and then checked for compliance with applicable laws.
Key concepts

Concern for broad social welfare and environmental stewardship is faked in order to promote a business's reputation.

Social and environmental initiatives may be undertaken when - and only to the extent required - , , but actions undertaken may or may not be real. (A business could percieve a public relations benefit in claiming to be a green workplace, implement a recycling program and then If money can be made from saving the planet,

Theoretically, the acts of an insincere business may be indistinguishable from those of another truly motivated by social and environmental concerns. The difference is the reason the initiatives are undertaken. In practice, social and environmental initiaves undertaken by greenwashers are usually superficial; more money is spent to promote the initiaves than to support them.

Hard questions
If a company promotes general welfare, does motive matter?
Examples

It’s difficult to peer into the soul of a corporation or it’s directors and determine whether concern for broad society or the natural world is is sincere. Numerous websites—with various degrees of aggressiveness—attempt to unveil greenwashers. They include:
stopgreenwash.org
greenwashingindex.com
sinsofgreenwashing.org

Here is a consulting firm that boasts of its greenwashing PR campaigns:
www.greenwashersconsulting.com

Prime philosophical
theory compatibilities
Egoism, Rights theory, Consequentialism under certain views.
   
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