Ethical business practices refer to the principles and standards that guide behavior in the world of commerce. These practices include honesty, fairness, and transparency in dealings with customers, employees, and suppliers. Companies that prioritize ethics often build trust and loyalty, which can lead to long-term success. Additionally, ethical business practices involve compliance with laws and regulations, as well as a commitment to social responsibility. This means considering the impact of business decisions on the environment and society. Organizations that embrace these values, such as B Corporations, strive to create positive change while achieving their financial goals.