Company (XYZ)- Ethical ment Ethics in XYZ The success of XYZ has been highly related to ethics. In fact, ethical rules have been a key element of the firm’s strategies. The promotion of ethics in XYZ is based on Trust, Equality, Social Responsibility and Sustainability. These values are reflected in the firm’s relationship with its employees, the community, the stakeholders and the customers. Different approaches have been used for ensuring that the above values are appropriately promoted in all the firm’s activities. Employees A series of seminars has been introduced so that employees are informed on recycling, as related to various phases of the production process Employees are given the chance to participate in the firm’s green and recycling initiatives, which are held periodically, at least once a month, in cooperation with the local community In the context of the ‘Employees and sustainability scheme’, employees at all levels of the organizational hierarchy can make their proposals for promoting green strategies across the organization Community The firm supports the development of seminars in local schools, aiming to inform students in regard to the value of sustainability; through these seminars the students have the chance to be informed on the relationship between the firm’s processes and sustainability The ‘Community and Sustainability’ scheme is based on the following idea: members of the community can make suggestions for the potential increase of sustainability in various local activities; in the context of this scheme, suggestions can be also made to the organization for the improvement of its existing green policies. The ‘Green Award’, as established by the organization, is given to those members of the community who are highly activated in the specific field Stakeholders /shareholders The value of sustainability is analytically explained in the firm’s annual report; there, the firm’s shareholders can be informed on the benefits of the firm’s green policies. The Ethics Code, available to the firm’s employees and shareholders, includes analytical information for the firm’s performance in terms of sustainability; also the above Code presents the firm’s current and future plans for further promote sustainability. Sustainability has been incorporated in the themes discussed in each shareholder meeting; in the context of these meetings shareholders can make their suggestions for the firm’s current green policies and make suggestions for these policies’ improvement and alteration, if necessary. Customers The firm’s customers are given the chance to participate in the firm’s green policies; by returning a used toaster, a customer can buy a new one in the half price.
In this way, customers are urged to support recycling, which can highly benefit the environment The package of each toaster describes clearly the potential effects of the product on the environment; for example, reference is made to the energy needs of the appliance, the materials used and the benefits of recycling, in case that the replacement of the appliance would be necessary The firm’s green initiatives, as arranged in the context of the community, are published in the organization’s website; customers can be informed on the firm’s current or future green projects and participate accordingly