Ethisphere’s Compliance Leader Verification recognizes organizations with an outstanding commitment to achieving a best-in-class ethics and compliance program

Scottsdale, AZ – December 19, 2023 – Ethisphere, a global leader in defining and advancing the standards of ethical business practices, announced today that JLL earned the coveted Compliance Leader Verification for 2023 and 2024.

JLL is a leading global commercial real estate and investment management company that helps clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with operations in over 80 countries around the world, JLL’s more than 105,000 employees bring the power of a global platform combined with local expertise. This year marked the 16th consecutive year JLL was recognized as one the World’s Most Ethical Companies^®.

“Ethisphere is proud to announce that JLL has again demonstrated its continued commitment to a culture of business integrity. Its work with employee communications, training, its ethics ambassadors, and transparency around how its ethics and compliance program operates are well-tailored examples of how a business should showcase its ethical culture,”

Neal Thurston, Director, Data and Services.

“As one of JLL’s three core values, ethics are at the heart of our culture, underpinning every facet of our business,” said Claire Handley, Chief Ethics & Compliance Officer at JLL.  “Our Ethics Everywhere program ensures we hold ourselves accountable to our shared values and work towards our common purpose with integrity. This award shows our employees, clients, supply partners, investors, and the communities we work that our commitment to ethical behavior is at the center of everything we do.”

The Compliance Leader Verification process involves a rigorous review of an ethics and compliance program and corporate culture. It includes completing the Ethics Quotient® (EQ), a questionnaire covering the elements of an effective program; benchmarking program practices against the World’s Most Ethical Companies®; and extensive document review and interviews with executives and stakeholders.  

JLL’s performance was evaluated on six key areas: program resources and structure; perceptions of ethical culture; written standards; training and communication; risk assessment, monitoring and auditing; and enforcement, discipline, and incentives.

More information about Compliance Leader Verification is available at https://ethisphere.com/what-we-do/leader-verification/

About Ethisphere 

Ethisphere^® 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://www.ethisphere.com.

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Media Contact
Anne Walker
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Ethisphere Recognizes Avangrid with Compliance Leader Verification for Third Consecutive Term

Identifies organizations with an outstanding commitment to achieving a best-in-class ethics and compliance program

ORANGE, Conn. — June 6, 2023 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that for the third consecutive term, Ethisphere has awarded it with the coveted Compliance Leader Verification for 2023-2024. Ethisphere is a global leader in defining and advancing the standards of ethical business practices. Avangrid has held the Compliance Leader Verification since 2019.  

As one of the cleanest U.S. utilities and a leader in renewable energy, Avangrid is at the forefront of the nation’s clean energy transformation. The company is guided by its comprehensive ESG+F strategy (environment, society, governance, and financial strength) and was recognized by Ethisphere earlier this year as one of the 2023 World’s Most Ethical Companies, the company’s fifth consecutive year earning the designation.

“Transparency, ethical principles, and continuous improvement are the cornerstones of our corporate governance and sustainability system,” said Pedro Azagra, Avangrid CEO. “This achievement is a clear reflection of our commitment to those values and earning it is no small feat. In 2022, this verification was awarded to only eight companies worldwide. By maintaining this verification since 2019, we are illustrating that we take good corporate citizenship seriously and are on the right path to leading the country’s clean energy transition.”

The Compliance Leader Verification process involves a rigorous review of an ethics and compliance program and corporate culture. It includes completing the Ethics Quotient® (EQ), a questionnaire covering the elements of an effective program; benchmarking program practices against the World’s Most Ethical Companies®; and extensive document review and interviews with executives and stakeholders.  Avangrid also chose to conduct an Ethical Culture survey to assess employee perceptions across eight pillars of an ethical culture.

“Congratulations to Avangrid for earning Compliance Leader Verification,” said Leslie Benton, SVP and Deputy General Counsel, Ethisphere. “In addition to a robust ethical culture, the review team continues to be impressed by the caliber of the ethics and compliance team and its collaborative relationships with the Board of Directors, business units, and other functional areas.” 

Avangrid’s performance was evaluated on six key areas: program resources and structure; perceptions of ethical culture; written standards; training and communication; risk assessment, monitoring and auditing; and enforcement, discipline, and incentives.

More information about Compliance Leader Verification is available here.
 

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,600 people and has been recognized by JUST Capital for three consecutive years as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.  

About Iberdrola: Iberdrola is one of the world’s biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

Due diligence assessments offer organizations a streamlined way to assess if they and their supply chain partners have systems in place to meet Environmental and Human Rights regulatory requirements. 

SCOTTSDALE, AZ – December 6, 2023 — Ethisphere, the global leader in advancing ethical business practices, has partnered with VECTRA International, a leading global responsible business consultancy, to offer Environmental and Human Rights (Social) Supply Chain Due Diligence Assessments that allow companies to measure how well their supply chain due diligence program meets regulatory requirements for identifying, preventing, mitigating, and remediating violations against human rights and environmental damage. Organizations interested in learning more can visit Supply Chain Due Diligence. 
 

The assessments measure a company’s program maturity level in managing each supply chain topic (Environmental or Human Rights). The assessments were developed by mapping the requirements of leading international supply chain due diligence laws and directives. Companies can see how their program aligns with the regulations and whether they have the systems in place to sustain their program. The resulting reports show the company’s maturity and how it compares to the target maturity level for a good program and how it compares to the benchmark average of other companies. 
 

“An effective supply chain due diligence program requires a company to establish internal controls and cascade their environmental and human rights requirements to their direct suppliers,” said Craig Moss, Ethisphere Executive Vice President. “These assessments offer an efficient way to understand if your program is aligned with regulatory requirements and where to prioritize areas for improvement. In addition to learning about your program maturity you can use the assessments to see whether your importer, contractor, manufacturers, and other suppliers have the systems in place to effectively meet requirements today.” 

“Enabling organizations to enhance the ESG performance of their supply chain is critical to our mission at VECTRA,” stated Patrick Neyts, CEO, VECTRA International. “We are honored to partner with a great organization like Ethisphere in launching our Environmental and Human Rights Supply Chain Due Diligence Assessments. We sincerely hope this maturity assessment tool will help many companies create a lasting positive impact while fostering responsible practices and improving their supply chains. 

Personally, I can’t wait to see the results.” 

The Environmental and Human Rights Supply Chain Due Diligence Assessments cover 11 categories: Supply Chain Mapping; Risk Assessment; Strategy & Goals; Policies, Procedures & Records; Responsible Supply Chain Engagement; Governance and Oversight; Training & Communication; Monitoring; Corrective Action & Collaborative Remediation; Stakeholder Engagement; Reporting & Disclosure. 

There are two levels of engagement with the supply chain due diligence program. For Level 1, the organization completes the assessment on the secure online platform and receives an auto-generated report, and an expert review call with Ethisphere and/or VECTRA to review the results, discuss risks and make preliminary recommendations. Level 2 engagement includes an independent evaluation by Ethisphere and/or VECTRA, along with a custom priority roadmap, a goal-setting workshop, and improvement project support to make measurable improvement in the highest priority areas. 

To learn more, visit Supply Chain Due Diligence. 

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About Ethisphere  

Ethisphere 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. Learn more about Ethisphere by visiting https://www.ethisphere.com. 

About VECTRA International 

VECTRA International, a premier provider of advisory solutions, driving positive impact on business environment for global enterprises. Committed to sustainable business approaches, it works with clients to develop groundbreaking solutions. VECTRA International believes in delivering relentless quality services to customers by maintaining social and environmental responsibilities, through its advisory solutions. VECTRA International drives a harmonious balance between growth and ethical responsibility, empowering businesses to thrive while positively impacting society and the environment. 

Website: www.vectra-intl.com