Business ethics and corporate social responsibility

Business and commerce, and their connections to ethical thinking, are as old as civilization. This paper raises questions about the overlap and reciprocally supportive interface between business ethics and corporate social responsibility, as well as about their mutual exclusivity. Business ethics imply a system of moral principles and rules of conduct applied to business so that the business should be conducted according to certain self-recognised moral standards. Corporate social responsibility is a form of corporate selfregulation integrated into a business model. It is also called as corporate conscience, corporate citizenship, social performance, or sustainable responsible business.