The Ethical Dilemma of Profit
Evaluating the Triple Bottom Line and the Role of Moral Conscience in Business Decisions
Bibliographic Data
| ID | 22359056 |
|---|---|
| Authors | Abdelaziz Abdalla Alowais (0009-0009-1597-1057, British University in Dubai, corresponding author) |
| Year | 2024 |
| Volume | 3 |
| Issue | 8 |
| Publication date | 2024-12-14 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Ecohumanism (JOURNAL) |
| Journal identifiers | ISSN: 2752-6798 • E-ISSN: 2752-6801 |
| Publisher | Creative Publishing House (PUBLISHER • GB) |
| DOI | 10.62754/joe.v3i8.5310 |
| OpenAlex | W4405390894 |
| Language | EN |
| Citations received | 2 |
| References cited | 5 |
A triple bottom line framework (TBL) was gathered to align corporate profit through social and environmental responsibilities that have emerged and gathered widespread adoption and significant criticism. By being praised for a holistic approach to sustainability, considering people, planet, and profit, this is simultaneously criticized for being focused on a financial outcome that often relegates social, environmental, and other concerns to secondary status. The given paper argues for integration into a robust ethical framework, and the most prominent are stakeholder theory and deontological ethics. This demonstrated a utilitarianism that addresses shortcomings. This reforms TBL to more balanced and impactful tools. This was applied to a comparative analysis of businesses that adhere to the traditional TBL practice and incorporate an ethics framework in their model. This study highlighted a potential for improving long-term societal, economic, and environmental impact. The results emphasized an ethical consideration that would be considered an integral external imposition for corporate decision-making. The study ultimately calls for its regulation and policy-level reforms to incentivize companies to adopt ethical concerns through goals for achieving genuine and measurable progress toward sustainability
Business · Business ethics · Conscience · Dilemma · Economics · Environmental ethics · Epistemology · Law and economics · Microeconomics · Moral dilemma · Political science · Public relations · Sociology · Sustainable development · Triple Bottom Line · Ethics in Business and Education · Law · Philosophy · Psychology · Social Psychology
| Citations per year | 1 |
|---|---|
| Citation span | 2024 - 2025 (2) |
| Highly cited | No |