What is meant by "institutional ethics"?

Institutional ethics refers to the set of ethical practices, principles, and guidelines that govern organizations and institutions. This concept focuses on the collective standards and policies that inform decision-making, behavior, and culture within a specific organizational context. It encompasses the organization's commitment to ethical conduct in its operations, relationships, and interactions with stakeholders, including employees, customers, and the community.

By prioritizing institutional ethics, organizations establish frameworks that guide their actions and foster an environment of integrity and accountability. This approach ensures that ethical considerations are embedded in the organization's policies and practices, rather than relying solely on the individual moral beliefs of leaders or employees. As a result, institutional ethics plays a crucial role in shaping the organizational culture and promoting responsible behavior across all levels.