World’s Most Ethical Companies®

A Recognition That Signals Trust, Responsibility, and Long-Term Success

2025 WORLD’S MOST ETHICAL COMPANIES

By The Numbers

136

Organizations

44

Industries

19

Countries

7.8%

5 Year Ethics Premium

Strong Ethics is Good Business

Over the past 19 years, we’ve tracked the World’s Most Ethical Companies as they outperformed peers and competitors, demonstrating a link between ethical behavior and financial performance. We call this link the Ethics Premium.  This outperformance is the result of the kinds of practices that lead a company to be recognized – investments in their people, culture, and communities that increase engagement and decrease risk. The listed 2025 World’s Most Ethical Companies honorees outperformed a comparable index of global companies by 7.8 percent from January 2020 to January 2025.

In 2025, Ethisphere recognized 136 companies for their unwavering commitment to business integrity.

Below are the six organizations that have earned the title every year since the inception of the award, a total of 19 years.

An Honor that is Earned…And Sets you Apart

The World’s Most Ethical Companies celebrates and promotes companies that prioritize ethical business practices. Earning this recognition signals to employees, investors, and the world that your organization is committed to doing business the right way. Since 2007, we’ve honored companies that go beyond compliance to lead with integrity, transparency, and accountability.

20 YEARS OF RECOGNITION

Celebrating Companies that Lead with Integrity

The World’s Most Ethical Companies is an annual recognition, honoring organizations that lead with integrity, prioritize ethical business practices, and demonstrate a commitment to doing what’s right.

Earning this recognition involves a comprehensive application and evaluation of your Ethics and Compliance program through Ethisphere’s proprietary Ethics Quotient® (EQ), which assesses a company’s ethics and compliance program, culture, and governance practices. As part of the application process, participating companies receive a scorecard with exclusive insights and benchmarking data, allowing them to compare their scores to those of honorees and gain further guidance on enhancing their ethical practices.

This recognition not only helps stakeholders identify companies that genuinely prioritize ethics and integrity but also provides organizations with valuable feedback to strengthen their ethical frameworks.

Being one of the World’s Most Ethical Companies gives organizations a competitive advantage, enhancing trust with customers, employees, and partners while reinforcing their reputation as leaders in ethical business practices.

THE ETHICS QUOTIENT

Becoming One of the World’s Most Ethical Companies

How We Measure Success

The journey to the World’s Most Ethical Companies starts with a qualitative and quantitative assessment across five categories. This proprietary rating system, known as the Ethics Quotient® (EQ), is at the heart of the selection process for this prestigious honor. Featuring more than 240 multiple-choice and text questions, the EQ framework evaluates a company’s performance in an objective, consistent, and standardized way.

All applicants receive a detailed scorecard that includes both an overall EQ score and individual category scores, benchmarked against that year’s recognized companies. These insights, along with the supporting documentation feedback and access to community resources through The Sphere – provide meaningful, practical value to help ethics and compliance leaders strengthen their programs year over year.

Ethics & Compliance Program

  • Program structure, responsibility, and resources
  • Program oversight and tone at the top
  • Written standards, training, and communications
  • Detection, monitoring, auditing, and risk assessments
  • Enforcement, discipline, and incentives

Third Party Management

  • Onboarding, engagement and oversight
  • Monitoring and performance evaluation

Governance

  • Oversight of risk management
  • Director preparedness and independence
  • Principles of effective board governance

Culture of Ethics

  • Efforts to establish ethical tone from the top to middle
  • Frequency with which culture is evaluated
  • Methods, outcomes, and action planning

Environmental & Social Impact

  • Sustainability, citizenship, and social responsibility
  • Community involvement
  • Workplace impact and well-being

Frequently Asked Questions

Find answers to your questions about the World’s Most Ethical Companies award and how you can start building your legacy of ethical behavior to join their ranks.

The World’s Most Ethical Companies is an annual recognition, honoring organizations that lead with integrity, prioritize ethical business practices, and demonstrate a commitment to doing what’s right.

Earning this recognition involves collaboration with your Ethics and Compliance team to complete a comprehensive evaluation through Ethisphere’s proprietary Ethics Quotient® (EQ), which assesses a company’s ethics and compliance program, culture, and governance practices.

As part of the application process, participating companies receive a scorecard with exclusive insights and benchmarking data, allowing them to compare their scores to those of honorees and gain further guidance on enhancing their ethical practices.

This recognition not only helps stakeholders identify companies that genuinely prioritize ethics and integrity but also provides organizations with valuable feedback to strengthen their ethical frameworks.

Being one of the World’s Most Ethical Companies gives organizations a competitive advantage, enhancing trust with customers, employees, and partners while reinforcing their reputation as leaders in ethical business practices.

This is the 20th year Ethisphere will honor organizations with the designation of World’s Most Ethical Companies.

Yes. We evaluate an organization’s (i) Ethics and Compliance Program, (ii) Culture of Ethics, (iii) Corporate Citizenship and Responsibility, (iv) Governance, and (v) Leadership and Reputation. Each category is evaluated through a combination of answers to our Ethics Quotient (EQ) questionnaire, submitted supplemental documentation, and where necessary, independent research and follow up with a candidate. Evaluation of the Leadership and Reputation category also includes a review of publicly available information with a bearing on an organization’s reputation for acting ethically (e.g., public filings, regulatory activity, media review).

An organization’s final Ethics Quotient (EQ) score is evaluated relative to those of its peers within the context of its structure, size, and operating environment. Those organizations demonstrating the strongest application across our methodology receive the designation of being one of the World’s Most Ethical Companies. As applicant organizations come from a variety of industries with significant differences in regulatory and operating environments, the overall EQ score is used to understand an organization’s performance in context of similar organizations, not to set a floor. However, reputation and legal issues are carefully evaluated. Receiving a materially deficient score in the category of Leadership and Reputation will prevent an organization from being selected as one of the World’s Most Ethical Companies.

Past participants consider completing the World’s Most Ethical Companies process to be extremely valuable, regardless of the recognition that may or may not come from it. The application process enables organizations to understand the elements of an effective program and to also compare their approach to leading practices. It also provides opportunities for ethics and compliance teams to collaborate with other key stakeholders across business functions and work together to answer certain questions.

Upon completing the process, applicants receive a scorecard which outlines their evaluation scores as they compare to honorees and documentation scores. Companies have found this information to be valuable for establishing priorities, celebrating their strengths, building a business case for additional budget, and focusing their teams. The scorecard also includes exclusive data and insights only available to applicants, and links to valuable, curated resources to help improve their programs.

Applicants with exceptional program elements may be featured in Ethisphere Magazine, Ethicast, and other Ethisphere platforms, such as our Global Ethics Summit or webinars.