Business Ethics Most People Agree Essay

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Companies that outperformed their peers environmentally performed better on the stock market by as much as 2%.

The Storebrand Scudder Environmental Value Fund selects firms that rank in the top third in environmental performance within their industry sector. The fund grew 51% between 1996 and 1998, and outperformed the comparable Morgan Stanley international World Index by 8% over the same period.

1996 study by ICF Kaiser Consulting Group that looked at 327 S&P 500 firms found that companies could push up their stock price by as much as 5% by improving environmental performance.

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All these studies are valuable resources for helping a company understand that ethical behavior will actually improve a company's ability to make profits. While there has been much emphasis on legal accountability for unethical behavior, more emphasis should be placed on the positive relationship between ethics and financial performance......

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