The Ethical Business Model is a framework developed by Keith Budge for helping organisations understand the boundaries of their business. It allows organisations to define their ethical standards. What the ethical expectations of all of the stakeholders in the business including shareholders and the wider community. Understand the "grey areas" where business actions may be legal, but are they ethical?
The Ethical Business Model does not define ethics or answer the question of what is or it not ethical. But it gives boards, management and others a tool for evaluating these issues and defining expectations and boundaries so they are well understood by everyone.