Rationale 1.3

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Rationale 1.3

by Contact on 30 October 2026

Business ethics are defined as the application of ethical values to business behaviour by the Institute of Business Ethics (IBE) and range from the behaviour of an individual, to sales and accounting practices and how companies treat their employees. The benefits of running a business ethically include stronger teams, increased employee loyalty, a strengthened reputation and competitive advantage66Ferrell, O. C., Fraedrich, J., Ferrell, L. (2011). Business Ethics – Ethical Decisions Making and Cases (8th Edition). Mason, OH, USA: South-Western Cengage Learning.. However, businesses often operate in environments that can make operating ethically a challenge, and many businesses can face problems with fraud.

This Criterion focuses on ASC farms operating in a legally-compliant and ethical manner to reduce the risk of corruption and fraud.

Intent – The aquaculture industry upholds ethical business practices.