The Ethisphere Institute, a New York think tank, on Tuesday released its fifth annual ranking of the world’s most ethical large companies, expanding the ranking to a top 110.
At the heart of the evaluation and selection process for Ethisphere’s World’s Most Ethical Companies is Ethisphere’s proprietary rating system, the Ethics Quotient (EQ). The framework of EQ is comprised of a series of multiple choice questions that capture a company’s performance in an objective, consistent and standardized way. The information collected is not intended to cover all aspects of corporate governance, risk, sustainability, compliance or ethics, but rather it is a comprehensive sampling of definitive criteria of core competencies.
The EQ framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Companies Methodology Advisory Panel. 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.
The EQ framework consists of five core categories. The categories and associated weighting for each is defined as: Ethics and Compliance Program (30%), Reputation, Leadership and Innovation (30%), Governance (15%) and Corporate Citizenship and Responsibility (25%). Detailed read on the methodology is here
There is no set number of companies that make the list each year. Rather, the World’s Most Ethical Company designation is awarded to those companies that have leading ethics and compliance programs, particularly as compared to their industry peers. 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.
The Winners are…
Indra SistemasRockwell Collins Inc.The Aerospace Corporation
AdidasComme Il FautGapPatagoniaTimberland
CumminsDensoFord Motor CompanyJohnson Controls
Australia and New Zealand Banking GroupNational Australia BankRabobankStandard Chartered BankThe Westpac Group
AccentureDun & BradstreetNoblis
Hitachi Data Systems
Adobe SystemsMicrosoftSalesforce.comSymantec CorporationTeradata Corporation
Construction and Engineering
CRHGranite ConstructionParsons Corporation
Colgate-Palmolive CompanyHenkel AGKao Corporation
General Electric Co.
Electronics and Semiconductors
Freescale SemiconductorPremier FarnellTexas Instruments
Energy and Utilities
EncanaStatoilNextEra Energy, Inc.Northumbrian WaterVestas WindWisconsin Energy Corporation
Engineering and Design
AECOM Technology CorporationCH2M HillFluor Corporation
American ExpressHousing Development Finance CorpNYSE EuronextThe Hartford Financial Services Group
Food and Beverage
General MillsPepsiCoSolaeStonyfield Farm
KeskoThe Co-Operative GroupWegmansWhole Food Market
Forestry, Paper and Packaging
International PaperStora Enso OyjSvenska Cellulosa
Health and Beauty
Baptist Health South FloridaHospital Corporation of AmericaPremier
Hotels, Travel and Hospitality
Kimpton HotelsMarriott InternationalThe Rezidor Hotel GroupWyndham Worldwide
CaterpillarDeere & CompanyEaton CorporationMilliken & CompanySchneider Electric
Aflac IncorporatedSompo Japan InsuranceSwiss ReWisconsin Physicians Service Insurance Co.
Media, Publishing and Entertainment
Becton DickinsonRoyal Phillips
British Land plcJones Lang LaSalleUnibail-Rodamco
Restaurants and Cafes
Starbucks Coffee Company
Best Buy Co.Hennes & MauritzSonaeTargetTen Thousand Villages
Avaya Inc.Cisco SystemsJuniper Networks
Singapore TelecomSwisscomT-Mobile USA
Transportation and Logistics
Autoridad del Canal de PanamaEast Japan Railway CompanyNippon Yusen Kabushi KaishaUPS
Here is the list with information on the nations the above company belongs and operating to.