In today’s business world the competition has increased and so has the work pressures. Competing with each other is the need for the hour for the survival and growth of an organization as well as for an individual. It is therefore necessary for a business organization to set high standards of ethics for their employees as well as those which would be adopted by the organization as a policy. Unless the organization lays down strict norms of ethics it cannot sustain in an aggressive business market. Ethical issues in Business communication are relates to way in which individuals as well as groups of people exchange information amongst themselves. Corporate social responsibility plays a crucial role in showcasing business organizations awareness as well as willing towards contributing towards the society. Not just does it win the customers but also creates a good image about the organization. The present paper attempts to undertake an understanding of the importance of adopting good business ethics and corporate social responsibility policies which in turn lead to better communication within as well as outside an organization. Good business ethics also ensure the smooth functioning, sustainability and growth of an organization.