Graph of HSUHK Hong kong Business Ethics Index
(FULL MARK : 100)
The Hang Seng University of Hong Kong (HSUHK), which has been actively upholding business ethics, introduced the Confucian concept of “Junzi” to conduct the Junzi Corporation Survey eight years ago. Through this rigorous and scientific academic study, HSUHK has been measuring the business ethical level of Hong Kong corporations, identifying the most ethical ones in the eyes of Hong Kong citizens, and promoting the concepts of the “Five Virtues” in business context. The “HSUHK Hong Kong Ethics Index” was 65.1 this year, which was higher than that of 2017 (60.7), 2016 (62.2) and 2014 (62.8).
The promoted concept of “Junzi Corporations” is a relatively comprehensive and complete framework of standards for assessing the ethical level of businesses. It not only includes the Five Virtues of “Benevolence, Righteousness, Propriety, Wisdom and Sincerity” from the concept of Junzi, but also incorporates Western ethical theories of business that stress integrity and fairness. It is aimed at assessing, in a more comprehensive and accurate manner, whether the business practices of corporations fulfill ethical requirements and social responsibility. With this brand-new set of standards as a reference, the research team collects the public’s views on business practices of corporations through interviews and conducts in-depth analysis of the data in accordance with the Five Virtues. Subsequently, the current Hong Kong Business Ethics Index is computed and announced, and accolades are awarded to corporations with demeanour typifying Junzi.
The Junzi Corporation Survey exerts far-reaching impacts on students, enterprises and society. All HSUHK students are required to take courses about business ethics, among other ethics theories. Through conducting the survey, they learn about consumers’ experiences and genuine opinions on corporations, and meticulously analyze the relationship between business ethics and enterprise operation. The annual report also provides corporations and industries with a self-evaluation platform, allowing them to realize their own strengths and areas for improvement. Society, at the same time, is also provided with clear standards of business ethics.