Business- Ethics, Governance & Risks

JUNE 2023 EXAMINATION

QUESTION 1:

ANSWER 1:

The Reliance Industries

The normative theory, which clarifies, supports, and defends moral judgments and
rules, includes ethical norms. They may be objective and independent of one's
personal opinions.

Accountability is the ethical tenet that guides the risk management approach.

Accountability is essential if people are to be held to a company's moral standards.

A company may be able to reduce risks if the diverse range of contributors shares
its moral principles. As a result, there are high ethical standards for all crew
members, which inspires them to behave morally in welcoming environments.

Managing time

Producing work that is of the proper quality and quantity while utilising corporate
resources

Managing corporate risk at Reliance

In the contemporary business environment, the risk landscape is unstable and

constantly shifting. The framework for managing risks within the organisation aids
in the control of:
  Make a decision on how to effectively handle such uncertainties to control
total exposure.
 Determine specific dangers and assess the total exposure potential.
 Divide and distribute your resources, then control the uncertainties.
 Obtain confirmation of the man's effectiveness.

Virtual offerings have also maintained their position as one of the largest and
fastest-growing cord line data networks and mobile, with the largest subscriber
base in the nation, despite the pandemic's impact and its effects on a difficult and
unpredictable environment.

The Virtual Business has implemented a number of strategies for sustaining

customer satisfaction with regard to advanced usage and paying experiences across
all contact points, at all times, mobile devices along with wire line broadband
networks, and access to the most effective style customer support supported by AI
Bots as well as application-based QRC method, agile model, and tariff pricing
while developing its platforms and systems. With a substantial rise in net MNP
users, Inc., and the gross company expansions of subscribers, customer
engagement is still robust.

By controlling uncertainty, the Reliance Danger Managing Framework fosters

cooperation, promotes safety, and enables the organization to fulfil its strategic
objectives. Their concern permeates all they do for the firm as a single, unifying
thread. Reliance is constantly working to offer a sustainable future while
collaborating with its stakeholders. Strong threat management and seizing
opportunities are a hallmark of Reliance's comprehensive hazard control.

Reliance Industries manages one nonfinancial risk:

Climate risks: risk response Reliance Industries' succession plans have as one of
their key objectives mitigating climate variance through electricity transition. They
contend that new or modern power is prepared to provide a dependable response to
climate change if old power develops and poses a risk of weather exchange. For
2035, Reliance has set internet carbon zero objectives in addition to business and
compliance requirements. By 2024, they hope to have invested 75,000 cores.
  Activate at least 100 GW of solar power by 2030
 To build a complete, integrated ecosystem for renewable energy, construct
four gig factories.
 Invest in future technology, relationships between upstream and
downstream sectors, and improved value chain efficiency.
 Transform Reliance Industries' activities to be net carbon-free.

They envision Reliance being one of the leading employers of new energy and
chemicals in the world 15 years from now. The roadmap calls for developing
sustainable energy sources and materials for the nation's future needs, building
world-class facilities that produce future-generation fuels and pure substances, and
creating carbon capture and next-generation storage technologies to put carbon
dioxide to work.

Following financial risks are reduced by the company:

Reduced Risk through Insurance

Reliance workings may also include a variety of circumstances that fall totally
under the control of the management of the company and may have a direct impact
on how the business is run. By transferring the covered by insurance uncertainty to
the insurer, Reliance maintains a robust threat management effort to cover such
circumstances. The majority of safety is based on threat, which includes protection
against things like fire, explosives, natural disasters, terrorism, breakdowns, and
more. A comprehensive coverage application is developed to ensure adequate
protection for all Reliance Industries property against legal liability resulting from
business activity. The best in its class protective design ensures that the business'
activities are managed.

Government, coincidence, Compliance, & Auditing (GRCA 2.0): Leading side

technology Platform

The GRCA second place edition programed, an integrated platform based on freely
available technology, has made it possible to assess hazards in real time and take
action to reduce them across three lines of defense. Through automated real-time
monitoring of timing decisions, exception signals, scalability, and agility, the
platform enables control assessment. For risk management, the location, stats
analytics tools, and a powerful ERP system are used.

Additionally, Reliance Industries has invested in companies in the fields of block

chain, artificial intelligence and machine learning, bots, natural language
processing, mobility and 5G networks, meta-verse, edge computing and cloud
computing, and robotics. These technologies will improve the value proposition's
effectiveness and the customer experience.

Reliance Retail, Inc. is a customer-focused company that adjusts to differences in

customer preferences, choices, and buying behavior through market analysis to
stay on top of new markets. A few steps used to deal with modernization include
entering new categories, modifying items to suit shifting consumer wants, and
releasing new store designs.

QUESTION 2:

ANSWER 2:

Microsoft

The effects of climate change are becoming more obvious, from deadly flooding to
wildfires. The inescapable fact of weather change is more astounding than ever; by
the year 2050, the world must have an economy with no carbon emissions at all in
order to reverse the most severe consequences of the continually changing weather.
To prevent catastrophic environmental threats, however, further measures are still
needed for climate trade. The industry needs consensus on what it means to
achieve net zero emissions globally, established marketplaces for reducing the
carbon footprint, the capacity to track the progress towards net zero, and
elimination. In order to enable the exchange that society requires, Microsoft
addresses these three areas through operations, advocacy, and technology.
Microsoft's plan to become carbon negative by the year 2030 is straightforward: by
improving efficiency, purchasing zero-carbon energy, and implementing
innovative technologies, they will bring their reach 1 and 2 pollutants to almost
zero. To reduce their scope three pollutants by more than 40%, they are working
with their businesses and vendors, but they will depend on carbon elimination to
achieve carbon terrible.

Let's talk about the methods used and implemented with Microsoft's assistance to
lower net carbon emissions:-

 Setting up for LEED can offer certifications for 0 carbon emissions: For
our campus renovation activities in Silicon Valley and Redmond, including
the international housing Futures Institute, we are working towards zero
carbon emissions. With a focus on the types of atmosphere and power,
materials including waste, water efficiency, mobility and area, sustainable
websites, and internal environmental conditions, we have dedicated
ourselves to certifying major significant offices and data centers to LEED
platinum or gold. Four data centers have achieved LEED gold status, while
another 74 are in the certification stage.
 Reducing scope 1 and scope 2 emissions across the entire operation of
the company: Sustainability is the company's first consideration in every
building at every data Centre and campus, at all stages of a project, from
maintenance as well as decommissioning to site acquisition through
planning and creation. We are expected to completely eliminate the scope of
our one and two carbon emissions by 2025.
 Reducing carbon emissions through performance solutions: the first step
in lowering our emissions is to make sure that the employer's campuses and
fact centres are electricity-green. Using entirely electric green technology
designs like thermo strength and geothermal power discoveries and
enhancing the effectiveness of our cloud, we are continually changing how
we operate and construct facilities.
 Raising awareness of carbon footprints and lowering them in cloud
operations: For the sake of Microsoft and its customers, our firm is testing
novel techniques that lessen the environmental impact of our code and heavy
workloads. We tested the modern feature, star/stop virtual machines, which
can turn VMs off during inactive hours. Additionally, our engineers have
improved Azure machine learning's transparency by displaying resource data
 that help records professionals identify and eliminate any hidden expenses
associated with their machine learning applications. To create the best
methods and tools in this field, they collaborated alongside the Allen Centre
for AI.
 AI implementation and use to improve energy efficiency: Microsoft is
using Bonsai, a minimal code AI platform that is a component of the
company's self-sufficient structures package, to improve the efficiency of the
chiller blooms on its Redmond campus. These chiller plants, which normally
account for a sizable portion of the electrical footprints of homes, supply air
conditioning via an HVAC system. We have identified a twelve per cent
improvement in median effectiveness based on strength estimates, and we
want to implement Bonsai inside the 12 being chiller plants this fiscal year.
Projects involving strength conservation techniques used to take longer than
a year. We were able to produce a version that tested recommendations
using Bonsai in at least four weeks with comparable outcomes.

We established the Carbon aware center, a Microsoft research and development

initiative that helps plan workloads in areas and times with a minimal carbon
impact. This toolkit is available as an open-source suite through the green
technology foundation. Engineers are also testing and implementing cutting-edge
methodologies like Cabernets to benefit from grid-stage functionalities in carbon
depth.

According to my studies, Microsoft has so far developed a top-notch method for

reducing online carbon emissions. To accomplish the goal, it has developed
numerous policies and methods.

Quantitative evidence

The company's efforts to eliminate carbon via the environment have been its most
interesting initiative this year. We are announcing that throughout the course of 25
projects, we were able to eliminate 1.3 million metric tonnes of carbon from 16
different providers.

That is a significant improvement and wise move. Additionally, this represents the
largest annual carbon elimination purchase any employer has ever undertaken. The
sector needs a fresh, vibrant financial market, which is rapidly expanding. But it's
only a first step in terms of what we need to do by 2030. Considering the
company's moons blazing analogy, we compare it to deploying an astronaut
through orbit if our goal is to get to the moon by the end of 2030.

QUESTION 3 {A}:

ANSWER 3 {A}:

A professional code of ethics is a collection of guidelines that help a business make

decisions and distinguish between right and wrong. These standards—often
referred to as a moral code—design an organization's project and values, how its
specialists are expected to solve technical issues, and the standards to which they
are held.

Each of the aforementioned professions must give their clients adequate

representation. Legal, medical, and financial understanding are required for the
Ready illustration. Attorneys, physicians, and accountants all have a charter,
framework, or code of conduct because they are independent professions. Due to
the nature of their chosen careers, these professions are subject to a general code of
ethics. The American professional association covers everything, including the
treatment of the client and interactions with other personnel. As an illustration, a
doctor must provide competent medical care while showing compassion and
respect for human rights and respect.

A lawyer must respect professional standards, be truthful in all of his interactions

with clients, and make an effort to report any attorneys who are incompetent,
dishonest, or involved in fraud to qualifying entities.

An accountant must adhere to 10 accounting rules and understand that they have a
duty to discover versions of the patient's desires that are incompatible with their
fantastic pastimes. Professional conduct is governed by specific legislation in a few
industries, such as public health and banking. A standard of ethics might be freely
followed in various industries. For instance, a business that doesn't always
priorities climate change may still include its emphasis on sustainable in its legal
code of conduct.
A professional standard of ethics offers a set of standards that teams or
organizations can utilize to make wise judgments at work. It enables us to establish
a starting point for what is appropriate and a strategy for approaching issues. A
professional code of conduct can help employees operate honestly and with
integrity, which can help create a more positive work environment.

QUESTION 3 {B}:

ANSWER 3 {B}:

As a responsible company, RR Ltd operates in accordance with a number of moral

principles, such as full disclosure, honor, equity, and responsiveness. We observed
that the query asks us to choose the most practical moral principle. Transparency
has been selected as our core moral principle.

When we are a company that manufactures fan spare parts, our top priority is
creating fantastic products to offer to our clients. Transparency is the moral precept
that we have chosen.

Constant transparency of effort: The first step in the growth of our everyday
work is to wind the capacitor using the capacitor film and tape it. After that, heat it
up to 100 degrees. The heated movie wrappers are then covered, and the cables are
connected. The capacitor's circuit must then be shot, and it must then be chemically
epoxied.

Checking out as well as packing the item are the last two steps. Nothing is
concealed from our clients and consumers, and the work is done openly. Our
production process is known to our transporters as well.

Transparency with suppliers: With each of our carriers, we maintain open lines
of communication and are forthcoming on the delivery process. These open lines
of contact with our open businesses will produce a business we can be proud of.

Being open and honest with consumers: We must be sure that the main problem
with our startup marketing is openness. Whether or not it includes or excludes
marketing via social media, delivering messages with the products to our
customers, or having a page upon the website that details our supply strategies.
Being open with them fosters a conviction that will eventually lead to client
loyalty.

A company with a defined aim and operating method will eventually produce a
company we can be proud of. Being transparent will help us build relationships
with our clients, suppliers, and other parties, so the firm will succeed. Clarity is
valued by all stakeholders, thus the organization must uphold it during production
and sales.