1. Environmental impact: Management must consider the environmental impact of their decisions and actions, and strive to minimize negative effects on the environment. This includes reducing waste, conserving resources, and promoting sustainable practices.
2. Social responsibility: Management must prioritize the well-being of employees, customers, and the communities in which they operate. This includes fair labor practices, diversity and inclusion, and giving back to the community through philanthropy and volunteerism.
3. Ethical business practices: Management must uphold high ethical standards in all aspects of their operations, including transparency, honesty, and integrity. This includes avoiding corruption, bribery, and other unethical behaviors.
4. Stakeholder engagement: Management must actively engage with stakeholders, including employees, customers, suppliers, investors, and the community, to understand their needs and concerns and incorporate them into decision-making processes.
5. Long-term thinking: Management must take a long-term view of their business and consider the impact of their decisions on future generations. This includes investing in sustainable practices and technologies that will benefit the company and society in the long run.
6. Compliance with laws and regulations: Management must ensure that their business operations comply with all relevant laws and regulations, including those related to environmental protection, labor rights, and consumer protection.
7. Continuous improvement: Management must continuously strive to improve their sustainability, responsibility, and ethics practices through regular monitoring, evaluation, and feedback from stakeholders. This includes setting goals, measuring performance, and making adjustments as needed to achieve desired outcomes.