When it comes to running your business, there’s a whole host of temptations, one of those often being to try and cut corners to boost your own profits, even if this comes at a cost to your clients and customers. Here at NTMTC, we’re strong believers that business should ALWAYS be conducted in nothing less than a completely ethical manner and that, there’s various different ways you can ensure your business is doing your bit and showcasing your ethics to clients and customers alike. We thought we’d take a look at two different situations, both where the business are acting with an ethical sense, just in two very different situations.
1. AngelShare Do Their Bit For Developing Countries
North-East based fair trade gifts retailer, AngelShare, pride themselves in putting 5% of each sale they make into loan funds for developing countries. In their own words, “The angel’s share in distilling is the small amount of liquor which evaporates while the drink is maturing in wooden casks. This is part which the angels have drunk. For every twenty pounds that is spent with us we invest at least one pound in a small business in a developing country. We do that through micro finance loans and when the loans are repaid we reinvest them in further businesses.”
This, as far as we’re concerned, showcases that there is still business out there who aren’t just focussed on profit but are all for helping others to succeed as they do themselves. By giving through micro finance loans to those in developing countries, they’re putting their faith in others to build their businesses. Many in developing countries have the ideas, just not the funds to kick things off!
2. Intel Further Education With The Intel Foundation
Perhaps a controversial one to include here, however were you aware that Intel do their bit for others? Through The Intel Foundation, their aim is to strengthen technological education via the Intel Science Talent Search and the international Science and Engineering Fair, which helps to encourage STEM (science, technology, engineering, and mathematics) education for young people.
Whilst it’s an entirely different ethical approach to that which AngelShare do, it’s still a fantastic example of a company who are doing their bit for others, using their own initiatives and knowledge to further the education of others within the sector at a young age.