BUSINESS ETHICS & SOCIAL RESPONSABILITY

•  What is business ethics?

Business ethics means doing the right thing in business. It’s about being honest, fair, and respectful to customers, employees, and the environment. Ethical businesses follow the law, avoid corruption, and treat people well not just to make money, but to build trust and do what’s right.

• What does social responsibility mean?

Social responsibility is when a business thinks about how its actions affect people and the planet. This includes:

• Helping the community

• Reducing pollution

• Creating safe jobs

• Supporting education or health programs

A socially responsible company doesn’t just focus on profits it cares about society too.

• Should a business prioritize profits or social impact?

This is a big question! Some people say profits come first, because a business needs to survive. Others say impact matters more, because businesses have power to make positive changes.

The best choice? Balance both. A company can make money and do good. For example, by offering fair salaries, supporting local communities, or using eco-friendly materials.

• Real cases in Panama

Here are some real examples from Panama:

• Banco General – Runs community programs, supports education, and promotes financial literacy.

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  Fundación Sus Buenos Vecinos (Banco General) – Works on projects to reduce poverty and improve quality of life.

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  Supermercados Rey – Has donated food and supported health campaigns across the country.
  

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  Copa Airlines – Involved in programs for youth education and environmental care.