Ethical practices in business refer to the adherence to moral principles and values that guide decision-making and behavior. Key aspects of ethical practices include:

1. Integrity: Acting with honesty and transparency in all business dealings.
2. Fairness: Ensuring equitable treatment of employees, customers, and stakeholders, avoiding discrimination or exploitation.
3. Accountability: Taking responsibility for the impact of business decisions and actions, including environmental and social consequences.
4. Compliance: Adhering to legal and regulatory requirements while upholding ethical standards beyond mere compliance.
5. Respect: Valuing the rights and dignity of all individuals, including employees, customers, and communities.

By integrating these principles, businesses foster trust, promote long-term success, and contribute to a responsible and sustainable society.