Posted on 06/27/2011 9:06:06 AM PDT by for-q-clinton
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.”
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.
IT CAN PAY TO BE ETHICAL
Investing in ethics is beneficial for any company, even in a recession. The below graph compares the “WME Index,” or all publicly traded 2011 World’s Most Ethical Company honorees, against the S&P 500 since the initial World’s Most Ethical Companies recognition from 2007.
I wonder if there is a list of the “Worlds’s Most Ethical Politicians”?
I doubt it. If there was it would be a short list.
I have no idea but they are a good company.
I would posit that many of the CEOs of these companies find themselves on this list and are embarassed. Not because they are evil, not because they are saints. Because the norm in the US is now gangsterism and fraud, and if folks conduct business ethically, they have omitted tools from their toolbox and left money on the table.
Even Slate calls BS:
“Beware of corporate consulting firms offering awards for corporate ethics”
http://www.slate.com/id/2248033/
The companies self-report using this questionnaire, which is heavy on diversity, affirmative action, green initiatives, climate change, carbon footprint, and LGBT stuff. See page 27 in particular.
http://ethisphere.com/wp-content/uploads/2010/12/2011-WME-Questionnaire-Final.pdf
“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.”
Most likely liberals.
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