|May 11, 2007|
World's Most Ethical Companies List Unveiled
|Phoenix, USA -- Ethisphere Magazine, a national print publication dedicated to illuminating the important correlation between ethics and profit, has released its first listing of the World's Most Ethical Companies.
Out of thousands of organizations that the editors surveyed over a six-month period, fewer than 100 companies made the final list. "It was a rigorous selection process. The organizations chosen for the list of World's Most Ethical Companies possess strong internal systems that encourage ethical behavior not only from its leaders but from its employees," said Alex Brigham, executive editor of Ethisphere Magazine. "These companies go beyond making statements about doing business ethically; they translate those words into actions."
The process included reviewing the companies' codes of ethics, litigation and regulatory infraction histories; evaluating companies' investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback and rating.
Researchers included editors from Ethisphere Magazine as well support from SustainAbility, World Business Council for Sustainable Development, Trillium Asset Management Corporation, Winslow Management Company, ForestEthics, Women's Equity Fund, The Center for Business Ethics, and New Alternatives Fund.
"These organizations demonstrate real and sustained ethical leadership, and realize that with this commitment comes increased competitive advantage and long-term profitability," said Stephen Martin, editor-in-chief of Ethisphere Magazine. "They have each scored materially higher in the evaluations than their industry competitors, and set the bar on ethical leadership for other companies to either follow...or fall behind."
The list of the world's most ethical companies spans a range of sectors, including agricultural, automotive, financial services, computers, telecoms, engineering, retail, insurance and more.
Among the companies Ethisphere editors singled out for recognition are Alcoa in the Metals and Mining category, Eaton in the Industrial Manufacturing category, media company Kiplinger's, General Electric in the Diversified Industries category, Kellogg's and John Deere.
The full list includes 90 companies spanning the globe in 29 sectors. Ethisphere Magazine has the full list on its website.