What are the key principles of international business ethics?

International business ethics are a set of moral principles that guide businesses to make ethical decisions when conducting international business activities. In Utah, these ethical principles are primarily guided by the UN Global Compact, which promotes basic ethical principles such as human rights, labor standards, environmental sustainability, and anti-corruption. The first key principle of international business ethics is to respect and promote human rights. This means providing safe working conditions, ensuring that workers are not denied their basic human rights, and treating employees with respect. The second principle of international business ethics is to uphold labor standards. Businesses should ensure they are paying fair wages and providing safe working conditions for all employees, and should not exploit workers by not paying wages or forcing them to work long hours. The third key principle of international business ethics is to promote environmental sustainability. Businesses should strive to reduce their environmental footprint by using renewable resources and reducing their emissions. They should also ensure that their processes help conserve the environment, as well as reduce the risk of environmental degradation. The fourth and final key principle of international business ethics is to fight corruption. Businesses should strive to create a culture of honesty and integrity, and to be transparent in their dealings with the public. They should also ensure that they are compliant with all relevant local and international laws.

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What are the key principles of international business ethics?

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