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- Costco is often cited as one of the world’s most ethical companies. It has been called a “testimony to ethical capitalism” in large part due to its company practices and treatment of employees. Costco maintains a company code of ethics which states:
ethicsunwrapped.utexas.edu/case-study/the-costco-model
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Apr 21, 2024 · Costco makes its values explicit through its Code of Ethics, which establishes the following guiding principles: Obey the law. Take care of our members. Take care of our employees. Respect our suppliers.
Here at Costco, we have a very straightforward, but important mission: to continually provide our members with quality goods and services at the lowest possible prices. In order to achieve our mission, we will conduct our business with the following Code of Ethics in mind: Obey the law.
Since our founding, Costco has operated under the guiding principle of doing the right thing – for our members, our employees, our suppliers, our communities, and the environment. We understand that when we do the right thing, good things happen.
A global confidential ethics hotline is available as a part of Costco’s continuing efforts to ensure compliance with our Code of Ethics, our Supplier Code of Conduct, and other legal and ethical policies: www.costco.ethicspoint.com.
Nearly 90% of Costco’s employees receive healthcare and benefits, despite half its staff being employed part-time. A 2013 Businessweek story cited an average hourly worker pay of more than $20 an hour excluding overtime, which works out to nearly $43,000 a year, assuming 40-hour workweeks.
Jul 27, 2024 · Costco’s stakeholders, ESG and CSR programs, and corporate citizenship are analyzed in this sustainable retail business ethics case study.