Responsible and Sustainable Management Practices in Developing and Developed Business Environments

Abstract

This chapter focuses on responsible and sustainable management practices in business based on the 10 principles of the United Nations Global Compact (UNGC). The UNGC has been named the world's largest corporate sustainability initiative and it has already made a significant contribution to the entrenchment of globally acceptable business ethics. The UNGC identifies ethical leadership as an important organisational asset, which has also contributed to the implementation of key responsible and sustainable practices, such as anti-corruption seminars and corporate social responsibility, among others. A comparative analysis of responsible and sustainable management practices of businesses in Nigeria and the United Kingdom revealed that some practices, such as corporate social responsibility, are being practiced in both business environments, among other findings.