Business ethics are really important for gaining the trust of customers. Let’s break down some key points:

1. Consumer Expectations:

   • A huge 73% of consumers are okay with paying more for products that are good for the environment.
   • About 66% prefer to buy from brands that have strong morals and values.

2. Reputation Management:

   • Companies that are seen as ethical have a 30% higher value in the market.
   • A whopping 87% of consumers won't shop from companies they think are unethical.

3. Corporate Social Responsibility (CSR):

   • Companies with strong CSR programs see a 19% rise in how happy their employees are.
   • 62% of consumers want brands to speak up about social issues.

In short, having strong business ethics helps build trust. This leads to customers being more loyal and engaged with the brand.