Ethisphere Names General Motors One of the World’s Most Ethical Companies for Second Year in a Row (2024)

FAQs

What is the world's most ethical companies by Ethisphere for 10 consecutive years? ›

3M named as one of the World's Most Ethical Companies by Ethisphere Institute for 10th consecutive year.

Are there specific criteria Ethisphere considers during the evaluation process? 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.

TOKYO, March 14, 2023—The Ethisphere Institute, a leading US think-tank, has named the Kao Corporation one of the World's Most Ethical Companies. Kao is a leading consumer goods company and the only Asian company to have made the list every year since Ethisphere began its ranking in 2007.

Ethisphere's 2023 Ethics Index, the collection of publicly traded companies recognized as recipients of this year's World's Most Ethical Companies designation, outperformed a comparable index of large-cap companies by 13.6 percentage points over a five-year period.

The World's Most Ethical Companies historically outperforms their peers and competitors financially, demonstrating a tangible ROI for doing the right thing. The connection between good ethical practices and financial performance, called the Ethics Premium, has been tracked for 17 years.

Kaiser Permanente has been named one of the world's most ethical companies by the Ethisphere Institute for the fifth year in a row. The Ethisphere Institute is an independent group that monitors business ethics. Other honorees include Apple, Best Buy, FedEx, General Motors, Kohl's, L'oreal, Starbucks, and many more.

Starbucks strives to always buy coffee at fair prices and ensure each step of the coffee planting, harvesting, processing and purchasing is always done ethically.

The five principles, autonomy, justice, beneficence, nonmaleficence, and fidelity are each absolute truths in and of themselves.

Achieving Gold Class distinction in the 2023 Sustainability Yearbook from S&P Global. Gold Class is the organization's highest honor for excellence in sustainability performance, a distinction Owens Corning has earned for nine consecutive years.

The Executive Chairman of Ethisphere, Alex Brigham, created the institute in 2007, as part of Corpedia, a compliance training company.

What is the least ethical company in the world? ›

1. Nestle. Nestle is the world's largest food and drink corporation. Nestle was sued by the Federal Trade Commission for making false claims about their infant formula.

APPLE'S ETHICS

They base their success on “creating innovative, high-quality products and services and on demonstrating integrity in every business interaction.” According to Apple, four main principles contribute to integrity: honesty, respect, confidentiality, and compliance.

Infosys Recognized as one of the 2023 World's Most Ethical Companies® for the Third Consecutive Year by Ethisphere.

The Ethisphere Institute has 34 employees. View the comprehensive list of The Ethisphere Institute employees, their locations, business contact details and key personnel.

Fair treatment of employees

One of the ways Costco is recognized as a socially responsible company is in the way it treats employees. According to Ethics Unwrapped, the retailer puts a high value on its employees and works to encourage them to do what's right and to maintain their health and positive self-esteem.

In 2021, 95% of Starbucks coffee was ethically sourced and verified through the Coffee Farmer and Equity (CAFE) practices. CAFE verifies farming practices to adhere to economic, social, and environmental criteria to promote sustainable coffee. In 2021, Starbucks gave the Global Farmer Fund $100 million.

A workplace should be inclusive, diverse, and fair for all employees regardless of race, religion, beliefs, age, or identity. A fair work environment is where everyone can grow, be promoted, and become successful in their own way.

As an ethical and responsible corporate citizen, Walmart is dedicated to minimizing our environmental impact and preserving the health and safety of our associates and customers. It is Walmart's intent to operate in compliance with all Environmental, Health, and Safety (EHS) laws and regulations.

Ethisphere has released its annual edition of the most ethical companies from a variety of industries. The 2022 edition of most ethical companies list saw some heavy hitters in the tech industry named as honorees as selected by the Ethisphere Institute.

Is Tesla an ethical company? ›

In addition, due to their emphasis on developing environmentally friendly products, Tesla achieved the highest grade possible in the Carbon Management and Reporting category from Ethical Consumer.

We are committed to a safe, healthy, and violence-free work environment. Behavior that poses risk to the safety, health, or security of Googlers, our extended workforce, or visitors is prohibited.

Honesty, courage, compassion, generosity, tolerance, love, fidelity, integrity, fairness, self-control, and prudence are all examples of virtues. Virtue ethics asks of any action, "What kind of person will I become if I do this?" or "Is this action consistent with my acting at my best?"

An overview of ethics and clinical ethics is presented in this review. The 4 main ethical principles, that is beneficence, nonmaleficence, autonomy, and justice, are defined and explained.

Beneficence, nonmaleficence, autonomy, and justice constitute the 4 principles of ethics. The first 2 can be traced back to the time of Hippocrates “to help and do no harm,” while the latter 2 evolved later.

The Fundamental Principles of Ethics. Beneficence, nonmaleficence, autonomy, and justice constitute the 4 principles of ethics.

The most unethical clothing companies are mainly popular multinational and e-commerce brands like Victoria's Secret, GAP, Fashion Nova, Uniqlo, Forever 21, Nike, Adidas, Disney, H&M that have been exposed to multiple unethical practices – including labor exploitation and/ or forced labor.

Enron Scandal (2001)

Enron Corporation was a US energy, commodities, and services company based out of Houston, Texas.

The company hid massive trading losses, ultimately leading to one of the largest accounting scandals and bankruptcy in recent history. Enron executives used fraudulent accounting practices to inflate the company's revenues and hide debt in its subsidiaries.

How much does Ethisphere cost? ›

The fee ranges from $500 for nonprofits to $1,500 for companies with at least $500 million in revenue. Smallwood said the potential for a conflict of interest is negated by the fact that Ethisphere prohibits any of the World's Most Ethical Companies from providing more than 1.5% of its annual revenue.

Improving corporate behavior in a way that positively impacts the world. Our corporate ethics standards, vetted by leading experts and used for 10 years, provide an independent, objective measurement tool critical to drive business decisions and stakeholder interaction.

Ethisphere Institute is located in Scottsdale, Arizona, United States .

State of Moral Freedom Around the World. Only one country, the Netherlands, is classified as having the "highest" level of moral freedom by scoring slightly over the 90 points required for that label.

Associates who work at Walmart are expected to operate based on our high standards and values — respect, service, excellence and integrity. Acting consistently with these values demands that a culture of integrity guides all our decisions.

While it is the duty of governments to protect human rights, Amazon recognizes our responsibility to respect and uphold internationally recognized human rights through the ethical treatment of our workforce and those within our value chain.

Samsung's Management Philosophy is to "devote our human resources and technology to create superior products and services, thereby contributing to a better global society." Samsung's code of conduct is the foundation that allows us to create a fair, clean, and transparent corporate culture.

1. Harassment and Discrimination in the Workplace. Harassment and discrimination are arguably the largest ethical issues that impact business owners today.

What companies are expanding in 2023? ›

War, Terror and Justice. Religion, Gender and Sexuality. Religions and Global Development.

While evaluation of any particular issue is necessarily objective, Ethisphere considers the following factors in its evaluation: (i) how long-ago the conduct at issue occurred and when it was resolved, (ii) the seriousness of the conduct or issue, (iii) actions taken by the applicant to address the issue, and (iv) how ...

Ecolab Named One of the World's Most Ethical Companies For 16th Consecutive Year.

TORONTO and CHICAGO, March 13, 2023 /CNW/ - BMO has been recognized as one of the World's Most Ethical Companies for the sixth consecutive year by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

Patagonia

On the flip side, popular outerwear brand Patagonia has built their brand around the idea that their consumers should be encouraged to “buy less”. Their unconventional approach to marketing has helped establish their reputation as a notably ethical and environmentally conscious company.

Bill Gates Ecolab, Inc.

Bill Gates's position in Ecolab is currently worth $801 Million. That's 2.01% of their equity portfolio (7th largest holding). The investor owns 1.71% of the outstanding Ecolab stock. The stake costed the investor $290 Million, netting the investor a gain of 176% so far.

EPA found EcoLab violated the hazardous waste management requirements of RCRA by failing to obtain an EPA transporter ID number; receiving dangerous waste from offsite generators without a permit; and storing and/or treating dangerous waste without a permit.

Ecolab Inc (NYSE:ECL)

Institutional investors hold a majority ownership of ECL through the 77.20% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Chemicals: Specialty industry.

Business ethics and compliance are the foundations of how we do business at Nestlé and the conditions for Creating Shared Value. This includes our zero tolerance of fraud, bribery and corruption, our efforts to ensure data privacy and our open disclosure of tax payments.

Who are the top 5 in the tech industry? ›

Big Tech, also known as the Tech Giants, refers to the most dominant companies in the information technology industry, notably the five largest American tech companies: Alphabet (Google), Amazon, Apple, Meta (Facebook), and Microsoft. These companies are referred to as the Big Five.

The term 'big tech' refers to the five technology giants—Apple, Alphabet (Google), Amazon, Facebook (Meta), and Microsoft—that are among the most coveted companies to work for.

Tech companies are responding with environmentally friendly products and processes that prove popular among consumers and talent alike. Apple, Dell and Microsoft are among the Big Tech companies working toward carbon neutrality. Samsung is reducing its energy consumption and recycling 95% of its manufacturing waste.