The Ethisphere Institute has come out with its annual list of the “World’s Most Ethical Companies.” The list includes 144 winners, with companies ranging from Ford Motor, Kellogg and Microsoft in the U.S. to IHCC, a Saudi hospital construction company, All Good Organics, a food company in New Zealand, and PKN Orlen, a Polish oil refining company.
Ethisphere released the list of winners at a two-day Global Ethics Summit, which saw the convergence of about 300 corporate managers, executives and lawyers concerned with the area of ethics compliance. Ethisphere has been bringing out the list for the last eight years. The listing provides an opportunity to companies to get independently certified and recognized as ethical.
To include a company on its list, Ethisphere determines the robustness of its corporate compliance programs and its CSR policies. It also assesses whether the company complies with federal sentencing guidelines, abides by international labor, anti-trust and trade laws, and monitors its supply chain to ensure the compliance of its associates with regard to international law and labor standards. Companies that have pending legal charges are excluded, as well as businesses dealing in tobacco, alcohol or firearms are not considered.
Ethisphere’s fairly rigorous selection standards make it a prestigious corporate ethics ratings list. The company’s revenues of less than $10 million indicate that it is not raking in profits from companies paying for a mention on the list. Companies that nominate themselves to the list are not required to pay any application or processing fee. Ethisphere earns its revenues from the $2,500 ads it sells in an ethical compliance magazine it publishes every quarter.
Cisco, Dell, Aflac, Adobe Systems, eBay, CBRE, Gap, Hitachi, Levi’s, Marriott, Mattel, PepsiCo, Starbucks, Westpac Banking, Xerox, and Time Warner are some of the other U.S. companies that are a part of this year’s list.
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