AMAZON AND NESTLE IN THE LIST OF LEAST ETHICAL GROUP PDF Free Download
1 / 6/6
100%
103
V-SEARCH 2022
ISBN NO:978-93-5607-568-9
AMAZON AND NESTLE IN THE LIST OF LEAST ETHICAL GROUP
ABSTRACT:
Introduction to Business Ethics is a thorough examination of ethical theories and practices, with a
concentration on business ethics.
Various aspects of value development, including their interaction with ethics, are covered.
The various aspects of corporate social responsibility and law are discussed, as well as their impact
on personal and business ethics. Amazon.com has received criticism from a variety of sources, with
the ethics of various corporate practices and policies being called into question.
Child labour, unethical marketing, deceiving illiterate moms, pollution, price manipulation, and
mislabeling are not terms you want to be associated with your firm. Nestle is the world's largest food
corporation, with a past that would make even the most ardent industrialist shudder.
Nestle is one of the world's most corrupt corporations, engaged in unethical business practices such as
taking excellent drinking water from regions that urgently need it, indulging in human trafficking and
child labour, and exploiting illiterate mothers in third-worldcountries. This project identifies
numerous ethical issues for Amazon and Nestle, including climate change, environmental reporting,
habitats and resources, pollutions and toxins, arms & military supply, human rights, worker's rights,
supply chain management, irresponsible marketing, animal rights, animal testing, factory farming,
use of controversial technologies, political activities, and anti-social finance.
INTRODUCTION:
Introduction to Business Ethics is a thorough examination of ethical theories and practices, with a
concentration on business ethics.
Various aspects of value development, including their interaction with ethics, are covered. The
various aspects of corporate social responsibility and law are discussed, as well as their impact on
Muthupriya Nadar
Preeti Devendra
TY BBI
TY BBI
Vidyalankar School of Information Technology
Wadala
Vidyalankar School of Information Technology
Wadala
Lavanya Boda
Prof. Khushboo Jhulka
TY BBI
Guide
Vidyalankar School of Information Technology
Wadala
Vidyalankar School of Information Technology
Wadala
104
V-SEARCH 2022
ISBN NO:978-93-5607-568-9
personal and business ethics.
AMAZON:
Our research identifies numerous ethical issues for Amazon, including climate change,
environmental reporting, habitats and resources, pollutions and toxins, arms & military supply,
human rights, worker's rights, supply chain management, irresponsible marketing, animal rights,
animal testing, factory farming, use of controversial technologies, political activities, and anti-social
finance.
Amazon.com has received criticism from a variety of sources, with the ethics of various corporate
practices and policies being called into question. Amazon has been accused of anti-competitive or
monopolistic behavior, as well as of mistreating employees and customers. Concerns have
frequently been made about the availability or unavailability of items and services on Amazon
platforms, as Amazon.com is regarded as a monopoly owing to its scale.
NESTLE:
Child labour, unethical marketing, deceiving illiterate moms, pollution, price manipulation, and
mislabeling are not terms you want to be associated with your firm. Nestle is the world's largest
food corporation, with a past that would make even the most ardent industrialist shudder. We'll
investigate why Nestle has such a terrible image.
Nestle is one of the world's most corrupt businesses, with unethical business practices such as
stealing good drinking water from places that desperately need it, engaging in human trafficking and
child labour, and exploiting illiterate moms in third-world nations. Nestle
is the world's largest food and beverage conglomerate? Henri Nestle founded the firm in 1886 after
developing a breakthrough infant feeding formula. It then amalgamated with an Anglo-Swiss
condensed milk company to establish the Nestle Group. They began manufacturing a wide range of
items and grew into an internationally active company.
Their money-hungry appetites grew in unison with the company's expansion. Nestle has been
pumping away 200 liters of fresh water from Michigan, according to National Public Radio, water
that the residents of Flint badly need. The Flint, Michigan, water crisis has resulted in the deaths of
12 individuals and the hospitalization of 87 more. Bathing causes children to lose their hair, get skin
sores, and go blind.
OBJECTIVES:
105
V-SEARCH 2022
ISBN NO:978-93-5607-568-9
AMAZON
Although Amazon has an incredible number of strands to the. business today.
Amazon is a Global E-Commerce. It is an Internet-based company that sells electronic goods,
apparel, movie books and every good that can be sold online on its Platform Amazon.com. Amazon
was founded by Jeff Bezos in 1994.
Amazon has more than 7.5 lakh employees. Amazon is the most valued retail store in the United
States by market capitalization.
Amazon has its marketplace where third parties can seller products,
Amazon has Kindle Platform where he sells E-Books, Amazon also has Audible where he
sells Audiobooks.
Amazon has several more business.
NESTLE
We would go through one of the oldest and most famous brands of our time is Nestle.
Nestle is the world’s largest and best brandedfood manufacturer.
The objective of this report is to study Nestle company’s profile and get an overview of its food
products and business strategy by retrieving data from reliable sources and conducting a SWOT.
This study also aims to gather information on how some consumers perceive the company’s
brand and its products via the information received.
DATA ANALYSIS:
Nestle reported $99.09 billion in revenue on December 31, 2015, with an expected sale of $92.62
billion for the current fiscal year. Nestle's market capitalization was $245.71 billion; however,
because the business is domiciled in Switzerland, it is not required to declare its enterprise value in
the same way that an American corporation would. Nestle's Advantages
1.
Nestle has more than 140 years of business experience.
2.
Nestle has a diverse product line that includes infant food, pet food, dairy goods, medicines,
drinks, and so on.
Nestle's flaws:
1.
As a large worldwide brand, several disputes invarious regions of operation generate problems.
2.
Due to the high level of competition from othercompanies, the mark is restricted.
Nestle Opportunities:
1. Introduce more health-conscious food items to capitalize on customer health concerns.
106
V-SEARCH 2022
ISBN NO:978-93-5607-568-9
Nestle's company can benefit from a greater emphasis on developing economies.
Amazon's popularity is broad around the world. Globally, it has approximately 310 million active
users and 100 million subscriptions. Amazon, the world's top online retailer, has a slew of
accomplishments, eye-popping earnings, and successful launches to its name.
Amazon’s popularity is widespread around the globe. It has over 310 million active users and 100
million subscribers worldwide. Being the world’s leading online retailer, Amazon bags many
achievements, eye-popping profits, and successful launches.
Amazon’s Strengths:
1.
With over $1 trillion market capitalization and above $386 billion annual revenues, amazon is
truly a market leader inonline retail industry.
2.
Minimum pay raise $15 per hour Amazon is among the first companies in retail to raise its
minimum hourly pay to $15. In comparison, Target pays $12 per hour, Walmart pays $11 per hour.
Amazon’s Weaknesses:
1. Its fire phone’s launch in the US was a big failure while its kindle fire device didn’t even grow well.
2. Tax avoidance in Japan, UK and US have sparked negative publicity for amazon.
Amazon’s Opportunities:
1.
Amazon can gain the opportunity to penetrate or expand its operations in developing markets.
2.
Launch of electric rickshaws in India amazon pledges to make a positive impact on the
environment.
LITERATURE REVIEW:
Our research highlights many ethical issues for Amazon, including climate change, environmental
reporting, habitats & resources, pollutions and toxics, arms & military supply, human rights, worker's
rights, supply chain management, irresponsible marketing, animal rights, animal testing, factory
farming, use of controversial technologies, political activities, and anti-social finance.
In June 2018 an article in the Seattle Times exposed the poor treatment of some of Amazon’s Chinese
workers. It described how the Hengyang facility, “uses temporary and contract workers to an extent
that violates Chinese law; employee time spent waiting to clock in and out is not compensated;
overtime of up to 100 hours a month exceeds legal limits; and wages are well below average for the
area, starting at a rate that is “not enough for workers to maintain a decent standard of living.”
Amazon receives our worst rating for environmental reporting. When we viewed Amazon’s
107
V-SEARCH 2022
ISBN NO:978-93-5607-568-9
sustainability report in July 2019, they gave no information on the impacts of its electronic products
or textiles usedin its clothing so we did not consider Amazon to have demonstrated a reasonable
understanding of its main impacts.
Furthermore, in February 2019 when we looked for Amazon’s policy on toxic chemicals used in the
production of clothing brands we found no information, despite the fact that the manufacture of
clothing often releases numerous hazardous substances that negatively impact the environment.
For baby, cleaning, beauty and personal care products, Amazon did release a restricted substance list
of chemicals which they stated “all brands should work to phase out and eliminate’. However, we
sawthis as a weak statement, and our expectations of quantified and dated targets for phasing out
hazardous chemicals were not met at all.For these reasons, Amazon lost an entire mark under the
Pollution and Toxics category.
Nestle aggressively pushed their breastfeeding formula in less economically developed countries
(LEDCs), specifically targeting the poor. They made it seem that their infant formula was almost as
good as a mother's milk, which is highly unethical for several reasons.
With unethical business practices such as taking clean drinking water in areas that sorely need it,
participating in human trafficking and child labour, and exploiting uneducated mothers in third
world countries, Nestle is quite possibly one of the world's most corrupt corporations.
Furthermore, why you shouldn't buy Nestle products? It was found that Nestle was polluting water in
830 locations (along with companies like Cadbury), and that pollution limits were breached 2,152
times. Nestle wanted to sell baby formula, breast milk substitutions, to mothers in poor, developing
nations. After which, Nestle could sell them formula.
CONCLUSION:
Amazon is an arch tax avoider and is the subject of a global boycott call by Ethical Consumer.
Amazon receives our worst rating for environmental reporting. When we viewed Amazon’s
sustainability report in July 2019, they gave no information on the impacts of its electronic products
or textiles used in its clothingsowedidnotconsider Amazon to have demonstrated a reasonable
understanding of its main impacts. Amazon receives our worst rating for environmental reporting.
When we viewed Amazon’s sustainability report in July 2019, they gave no information on the
impacts of its electronic products or textiles used in its clothing so we did not consider Amazon to
have demonstrated a reasonable understanding of its main impacts.
Our research highlights several ethical issues with Nestlé, including political activities, anti-social
finance, likely use of tax avoidance strategies, animal testing, animal rights abuses, a poor approach
108
V-SEARCH 2022
ISBN NO:978-93-5607-568-9
to climate change and more.
Since 1988 Nestlé has been the target of a boycott call by Baby Milk Action. The organisation says
Nestlé contributes to the unnecessary death and suffering of infants around the world by
aggressively marketing baby foods in breach of international marketing standards. Nestlé’s own
report found 107 instances of noncompliance with its baby milk marketing policy in 20When it
comes to Climate Change Nestlé lost a whole mark on our rating system because it didn’t report its
carbon emissions.
REFERENCES:
https://ethicalunicorn.com/2019/01/12/how-ethical- isamazon/
https://scholar.google.co.in/scholar?q=impacts+of+nestl e+unethical+be
https://www.ethicalconsumer.org/companyprofile/amaz oncom-inc
https://www.commonwealthunion.com/commonwealth_ news/wall-str
https://www.zmescience.com/science/nestle- companypollution-child
https://www.reuters.com/business/sustainablebusiness/a mazon-nestl
https://www.ethicalconsumer.org/retailers/fiveunethical companies
