Month: February 2020

Ethisphere Announces the 2020 World’s Most Ethical Companies

Posted on by Ethisphere

132 Companies to be Recognized for Setting the Global Standards of Business Integrity and Corporate Citizenship

New York, NY – February 25, 2020 – Ethisphere, a global leader in defining and advancing the standards of ethical business practices, today announced the 132 honorees representing 21 countries and 51 industries that have earned the coveted designation of World’s Most Ethical Companies® in 2020. This is the 14th annual recognition of those who prioritize ethical behavior as a means to improve the world, while enhancing business performance.

In 2020, 14 companies appear on the prestigious list for the first time, while seven have been named every year since 2007.

“This is truly a time to celebrate incredible achievements. When we initiated the World’s Most Ethical Companies recognition in 2007, the concept of companies proactively aligning profits and purpose seemed unlikely. However, leading CEOs and organizations continue to prove our long-held hypothesis that conducting ethical business is the key to maximizing profits,” explained Ethisphere CEO, Timothy Erblich. “In addition to congratulating all 2020 honorees, we commend their commitment to continuous improvement and raising the collective bar for all companies.”

“Being a company with the highest integrity and commitment to our core values has always been at the heart of who we are as a company and is fundamental to building trust with all of our stakeholders—including our people, our clients and our communities,” said Accenture’s CEO, Julie Sweet. “Our fundamental belief is that businesses not only have an opportunity, but an obligation, to be a force for good in the world. This commitment is more important than ever. We are honored to be recognized again as one of the World’s Most Ethical Companies.”

“It’s easier to live your values when things are going well, but it’s more difficult when the going gets tough,” said General Motors Chairman and CEO, Mary Barra. “At General Motors, we are determined to lead the automotive industry in creating a world with zero crashes, zero emissions and zero congestion, and to doing it with integrity. This recognition as one of the World’s Most Ethical Companies is a testament to the men and women of General Motors who are committed to doing the right thing, even when it’s hard.”

Ethisphere’s research supports the conclusion that ethics and financial performance go hand-in-hand. Our annual practice of tracking how the stock prices of publicly traded honorees compare to the Large Cap Index found that listed 2020 World’s Most Ethical Companies outperformed the large cap sector over five years by 13.5 percent. This “Ethics Premium” forms the basis upon which companies can correlate responsible behavior with shareholder value.

“Operating with ethics and integrity is at the heart of Fresnillo plc purpose: ‘To contribute to the wellbeing of people through the sustainable mining of silver and gold,’ which is why we are proud to be named for the first time as one of the 2020 World’s Most Ethical Companies,” said Fresnillo CEO, Octavio Alvídrez.

Ethisphere will hold a celebratory gala dinner on March 31, 2020 at Cipriani 42nd Street® in New York City where Make-A-Wish CEO, Richard K. Davis, will deliver the keynote address. In 2019, Ethisphere partnered with Make-A-Wish, an organization dedicated to granting life-changing wishes to children diagnosed with critical illnesses, to support the inspirational work that they do.

Methodology & Outcomes
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 data points on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.

All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of leading companies.

Honorees
The full list of the 2020 World’s Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees/. 

Follow the conversation on Twitter under 2020 #WorldsMostEthicalCompanies.

About Ethisphere

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust, and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at https://ethisphere.com.

Media Contact
Clea Nabozny
[email protected]
+1 (480) 397-2658

 

Posted in NewsTagged

Ethisphere Announces the 2020 World’s Most Ethical Companies

Posted on by Ethisphere

132 Companies Recognized for Setting the Global Standards of
Business Integrity and Corporate Citizenship

New York, NY – February 25, 2020 – Ethisphere, a global leader in defining and advancing the standards of ethical business practices, today announced the 132 honorees representing 21 countries and 50 industries that have earned the coveted designation of World’s Most Ethical Companies® in 2020. This is the 14th annual recognition of those who prioritize ethical behavior as a means to improve the world, while enhancing business performance.

In 2020, 14 companies appear on the prestigious list for the first time, while seven have been named every year since 2007.

“This is truly a time to celebrate incredible achievements. When we initiated the World’s Most Ethical Companies recognition in 2007, the concept of companies proactively aligning profits and purpose seemed unlikely. However, leading CEOs and organizations continue to prove our long-held hypothesis that conducting ethical business is the key to maximizing profits,” explained Ethisphere CEO, Timothy Erblich. “In addition to congratulating all 2020 honorees, we commend their commitment to continuous improvement and raising the collective bar for all companies.”

“Being a company with the highest integrity and commitment to our core values has always been at the heart of who we are as a company and is fundamental to building trust with all of our stakeholders—including our people, our clients and our communities,” said Accenture’s CEO, Julie Sweet. “Our fundamental belief is that businesses not only have an opportunity, but an obligation, to be a force for good in the world. This commitment is more important than ever. We are honored to be recognized again as one of the World’s Most Ethical Companies.”

“It’s easier to live your values when things are going well, but it’s more difficult when the going gets tough,” said General Motors Chairman and CEO, Mary Barra. “At General Motors, we are determined to lead the automotive industry in creating a world with zero crashes, zero emissions and zero congestion, and to doing it with integrity. This recognition as one of the World’s Most Ethical Companies is a testament to the men and women of General Motors who are committed to doing the right thing, even when it’s hard.”

Ethisphere’s research supports the conclusion that ethics and financial performance go hand-in-hand. Our annual practice of tracking how the stock prices of publicly traded honorees compare to the Large Cap Index found that listed 2020 World’s Most Ethical Companies outperformed the large cap sector over five years by 13.5 percent. This “Ethics Premium” forms the basis upon which companies can correlate responsible behavior with shareholder value.

“Operating with ethics and integrity is at the heart of Fresnillo plc purpose: ‘To contribute to the wellbeing of people through the sustainable mining of silver and gold,’ which is why we are proud to be named for the first time as one of the 2020 World’s Most Ethical Companies,” said Fresnillo CEO, Octavio Alvídrez.

Ethisphere will hold a celebratory gala dinner on March 31, 2020 at Cipriani 42nd Street® in New York City where Make-A-Wish CEO, Richard K. Davis, will deliver the keynote address. In 2019, Ethisphere partnered with Make-A-Wish, an organization dedicated to granting life-changing wishes to children diagnosed with critical illnesses, to support the inspirational work that they do.

Methodology & Outcomes
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 data points on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of leading companies.

Honorees
The full list of the 2020 World’s Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees/.

Follow the conversation on Twitter under 2020 #WorldsMostEthicalCompanies.

About Ethisphere
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust, and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at https://ethisphere.com.

Media Contact
Clea Nabozny
[email protected]
+1 (480) 397-2658

Avangrid, TTEC, Coty, Polaris, Georgia Institute of Technology Join the Growing Ranks of Ethisphere’s Business Ethics Leadership Alliance (BELA)

Posted on by Aarti Maharaj

Membership Expands to 294 Companies Collaborating to Promote Best Practices in Business Integrity Globally

New York, NY – February 3, 2020 – The Ethisphere Institute, a global leader in defining and advancing standards of ethical business practices, announced today that more than 30 organizations, including academic institutions, have recently joined the growing ranks of the Business Ethics Leadership Alliance (BELA) community. To date, 294 leading companies have taken their corporate integrity programs and practices to the next level by joining BELA, a globally recognized organization of leading companies collaborating together to share best practices in governance, risk management, compliance and ethics, founded by Ethisphere.

“One of the most impressive aspects of this community is that it is in constant motion,” said Kevin McCormack, Senior Vice President and Executive Director for BELA. “We credit this to a growing set of data and resources that are supporting their program innovations and also credit the willingness of the member organizations to seek out new levels of shared practices—ranging from topically targeted working groups to research reports to pan-industry knowledge exchange through roundtables. Moreover, the global expansion into pivotal markets like South Asia, Latin America and Europe has enabled us to be more inclusive of the people and companies who have been seeking greater support for the complex work they are doing around the world. This is a community they can each rely upon.”

This growth in membership rewards the community with new shared insights that enable organizations to support and challenge one another as they innovate to address risks, improve business performance and place values and integrity at the center of all that they do. The complete list of new companies and academic institutions joining BELA includes:

  • American Airlines, Inc.
  • Avangrid, Inc.
  • BNP Paribas RCC
  • Coty Inc.
  • Georgia Institute of Technology
  • Indiana University Kelley School of Business
  • JDA Software Group
  • LVMH Moet Hennessy Louis Vuitton Inc.
  • Polaris Industries
  • The Prudential Assurance Company Singapore
  • TrueBlue, Inc.
  • TTEC Holdings, Inc.

“A trusted customer relationship is of utmost importance to us, and with that comes the need for ironclad compliance, governance and ethical processes for working with our 4,000+ customers, suppliers and partners,” said Martin Felli, Chief Legal Officer, Chief Compliance Officer, Corporate Secretary, JDA. “We’re proud to become a member of the Business Ethics Leadership Alliance, leveraging their tools and expertise to enhance ethical decision-making and processes throughout our company globally.”

“TrueBlue, Inc. is committed to putting people to work and helping change lives.  Every day our employees and associates work with businesses to provide the workforce solutions they need to succeed.  At TrueBlue, we are committed to our core values and to operating as an ethically responsible and trustworthy company,” said Monica Torrez-Pfister, Senior Director, Legal & Compliance, Associate General Counsel, TrueBlue, Inc. “Ethics and compliance form the foundation of our business activities and are at the forefront of every business decision every single day. That is why we are excited to announce that TrueBlue has joined the Business Ethics Leadership Alliance (BELA) community. As a new BELA member, TrueBlue joins a family of companies and leaders who share the same spirit and motivation of continuously improving the way we serve our clients by doing business the right way. We look forward to being a member of this elite community in 2020 and beyond.”

“For over six decades, we have been driven to help people experience the outdoors to the fullest. Along with that passion comes an unwavering commitment to living our values; being good stewards of the environment; and making a difference in the lives of riders, our employees and the communities where we operate,” said Ash Mishra, Sr. Asst. General Counsel at Polaris. “By joining the Business Ethics Leadership Alliance, we are sending a strong signal to our stakeholders that we do not compromise when it comes to ethics and integrity. We look forward to engaging in meaningful ways with BELA and its members in 2020 and beyond.”

In response to continued demands from the higher education community to incorporate more business ethics instruction in their curriculum, Ethisphere recently extended BELA membership to academic institutions, enabling educators to leverage premier content, data-driven insights and more so that students may network with practicing experts and learn from authentic information gathered from leading companies. Several academic institutions, including Colorado Mesa University, Fordham University, Indiana University Kelley School of Business and Georgia Institute of Technology (Georgia Tech), have recently joined BELA. These new members have joined an existing roster of academic institutions that include the University of Northern Colorado and the University of Colorado Law School.

“As a public institution, transparency and trust are critical, and cultivating a culture where leadership decisions are made with the highest degree of integrity is the foundation of the Institute’s first formal ethics and compliance program,” said Ling-Ling Nie, General Counsel and Vice President for Ethics and Compliance, Georgia Institute of Technology. “Being a BELA member means that our ethics and compliance program will be inspired by the best and brightest through the many opportunities to benchmark and draw upon the expertise of corporations who have built and developed award-winning programs around the world, and we are thrilled to have a seat at the table.”

The more than 294 BELA member companies represent 60+ industries and are headquartered in 15 different countries. The BELA community of companies has become a pivotal platform of connected leadership dedicated to progressing company standards and practices across global and regional business ecosystems. Driven by a global desire to advance integrity and improve business performance, in 2017 BELA expanded to South Asia. The South Asia Chapter includes a community of select Founding Member companies and “integrity partners” who have taken on a leadership role in inspiring best practices in ethics, integrity and anti-corruption efforts across India and South Asia. Applying a similar model, new chapter expansion has now reached Mexico, Latin America and most recently Asia Pacific.

 12th Annual Global Ethics Summit

Join leaders from the BELA member community at the upcoming 12th Annual Global Ethics Summit April 1-2, at the Grand Hyatt in New York City. Early registration and discounts are now available at https://globalethicssummit.ethisphere.com/register-2020/.

BELA Member Benefits—Request Guest Access

BELA members receive enterprise-wide access to the BELA Member Hub—a premier repository of resources featuring examples of work, presentations and research from select BELA companies intended to cultivate more idea exchange and inspiration for companies to continuously improve in the area of ethics and compliance. To request guest access to the BELA Member Hub, click here.

About BELA

Founded by Ethisphere, the Business Ethics Leadership Alliance (BELA) is a globally recognized organization of leading companies collaborating together to share best practices in governance, risk management, compliance and ethics. BELA’s membership has since grown to a large community of companies who recognize the inherent value of promoting ethical leadership and world-class compliance culture. Learn more about BELA by visiting http://bela.ethisphere.com. To nominate a company to join BELA, contact the Director of Member Engagement Sarah Neumann at [email protected].

About Ethisphere 

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also helps to advance business performance through data-driven assessments, benchmarking and guidance. More information about Ethisphere can be found at https://ethisphere.com.

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Media Contact
Aarti Maharaj
Director of Communications
[email protected]
@Ethisphere