Ethical Companies

Only available on StudyMode
  • Download(s) : 203
  • Published : April 10, 2011
Open Document
Text Preview
2011 World’s Most Ethical Companies
The Ethisphere Institute, a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability, announced the official unveiling of the 2011 World’s Most Ethical Companies. This year’s honorees have gone above and beyond to prove business ethics are paramount to the success of a company’s brand and bottom line. In its fifth year, the World’s Most Ethical Companies recognizes organizations that promote ethical business standards and practices by exceeding legal minimums for compliance, introducing innovative ideas that benefit the public and forcing their competitors to follow suit. The World’s Most Ethical Companies designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action. WME honorees demonstrate real and sustained ethical leadership within their industries, putting into real business practice the Institute’s credo of “Good. Smart. Business. Profit.” This year, there are 110 World’s Most Ethical Companies. Of these companies, 36 are new to the list in 2011 and 26 companies dropped off from the 2010 list. These “drop offs” generally occurred because of litigation and ethics violations, as well as increased competition from within their industry. 2011 WORLD’S MOST ETHICAL COMPANY SELECTION PROCESS:

1. The Methodology
A methodology committee of leading attorneys, professors, government officials and organization leaders, assisted Ethisphere in creating the scoring methodology for the World’s Most Ethical Companies awards. 2. Candidate Selection

Over the course of the year, companies across the world submitted their applications to become 2011 World’s Most Ethical Companies. Based on these applications, as well as information Ethisphere gathered throughout the year, a list of semi-finalists was created. 3. In-Depth Analysis

At this stage, semi-finalist companies were notified and given an in-depth survey questionnaire to fill out regarding their ethics and compliance program, governance and corporate responsibility. 4. Further Refinement

Ethisphere then conducted data analysis on hundreds of companies based on their responses to the survey, as well as documents and information researched and requested by Ethisphere to confirm survey responses. Every company was then given an EQ score based on the results of the survey and measured against seven distinct categories. These categories were Corporate Citizenship and Responsibility; Corporate Governance; Innovation that Contributes to the Public Well Being; Industry leadership; Executive Leadership and Tone from the Top; Legal, Regulatory and Reputation Track Record; and Internal Systems and Ethics/Compliance Program. 5. The Winners…

The highest EQ scores for each industry became this year’s 2011 World’s Most Ethical Companies. 2011 WORLD’S MOST ETHICAL COMPANIES:
Aerospace
Indra Sistemas
Rockwell Collins Inc.
The Aerospace Corporation
Apparel
Adidas
Comme Il Faut
Gap
Patagonia
Timberland
Auctions
eBay

Automotive
Cummins
Denso
Ford Motor Company
Johnson Controls
Banking
Australia and New Zealand Banking Group
National Australia Bank
Rabobank
Standard Chartered Bank
The Westpac Group
Business Services
Accenture
Dun & Bradstreet
Noblis
Chemicals
Ecolab
JM Huber
Computer Hardware
Hitachi Data Systems
Computer Software
Adobe Systems
Microsoft
Salesforce.com
Symantec Corporation
Teradata Corporation
Construction and Engineering
CRH
Granite Construction
Parsons Corporation
Consumer Electronics
Electrolux
Ricoh
Xerox
Consumer Products
Colgate-Palmolive Company
Henkel AG
Kao Corporation
Diversified Industries
General Electric Co.
Electronics and Semiconductors
Freescale Semiconductor
Premier Farnell
Texas Instruments
Energy and Utilities
Encana
Statoil
NextEra...
tracking img