Question

Describe and rate Toyota 1) business ethics, 2) social responsibility, and 3) environmental sustainability

Answer 1

Ans: (1) Firstly, Business Ethics is all about studying and understanding the ethical problems, principles in an environment etc. Toyota, it is one of the leading automobile manufacturer in the present world. They practice ethics and follow their transparency in their business operations. Without knowing the ethical values or challenges we will find themselves struggling in their business industries and unethical causes huge damage to businesses. In business, the ethics follow cultural beliefs, consumer rights, concept of values etc.

(2) As a Global manufacture company “Toyota”, they do follow some corporate social responsibilities to stable the base of their business. The activities include in Health and safety, Labor and Human Rights, recycling concepts etc. Here are some as follows:

1) They have improved their business across the world, as they can provide safety control, inspections, having visitors to the company etc.
2) Reducing the amount of water usage in its plants.
3) Knowing and studying about recycling technology.
4) Following safety measures etc.

(3) The key for all manufacturing-based industries is environmental management surroundings. Here are some of the below factors the Toyota follows:
1) In order to maintain a good relationship with the communities that they operate, they solve the issue through consultation. It is important factor to maintain a good relationship, which is also known as compliance.
2) In some areas minimizing the environmental risk which are involved.
3) Using best practice resource for energy, water etc.