Thursday 17 March 2011

2011 WORLD’S MOST ETHICAL COMPANIES

By Ethisphere Magazine
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.
WME vs SP
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.
You can find more in-depth information on the methodology for 2011’s World’s Most Ethical Companies here.
2011 WORLD’S MOST ETHICAL COMPANIES:
Aerospace
esIndra Sistemas
usRockwell Collins Inc.
usThe Aerospace Corporation
Apparel
deAdidas
israelComme Il Faut
usGap
usPatagonia
usTimberland
Auctions
useBay
Automotive
usCummins
jpDenso
usFord Motor Company
usJohnson Controls
Banking
auAustralia and New Zealand Banking Group
auNational Australia Bank
nlRabobank
gbStandard Chartered Bank
usThe Westpac Group
Business Services
bmAccenture
usDun & Bradstreet
usNoblis
Chemicals
usEcolab
usJM Huber
Computer Hardware
usHitachi Data Systems
Computer Software
usAdobe Systems
usMicrosoft
usSalesforce.com
usSymantec Corporation
usTeradata Corporation
Construction and Engineering
ieCRH
usGranite Construction
usParsons Corporation
Consumer Electronics
seElectrolux
jpRicoh
usXerox
Consumer Products
usColgate-Palmolive Company
deHenkel AG
jpKao Corporation
Diversified Industries
usGeneral Electric Co.
Electronics and Semiconductors
usFreescale Semiconductor
gbPremier Farnell
usTexas Instruments
Energy and Utilities
caEncana
noStatoil
usNextEra Energy, Inc.
gbNorthumbrian Water
dkVestas Wind
usWisconsin Energy Corporation
Engineering and Design
usAECOM Technology Corporation
usCH2M Hill
usFluor Corporation
Environmental Services
usWaste Management
Financial Services
usAmerican Express
inHousing Development Finance Corp
usNYSE Euronext
usThe Hartford Financial Services Group
Food and Beverage
usGeneral Mills
usPepsiCo
usSolae
usStonyfield Farm
Food Stores
fiKesko
gbThe Co-Operative Group
usWegmans
usWhole Food Market
Forestry, Paper and Packaging
usInternational Paper
usStora Enso Oyj
usSvenska Cellulosa
Health and Beauty
brNatura Cosmeticos
Healthcare Services
usBaptist Health South Florida
usHospital Corporation of America
usPremier
Hotels, Travel and Hospitality
usKimpton Hotels
usMarriott International
deThe Rezidor Hotel Group
usWyndham Worldwide
Industrial Manufacturing
usCaterpillar
usDeere & Company
usEaton Corporation
usMilliken & Company
frSchneider Electric
Insurance
usAflac Incorporated
jpSompo Japan Insurance
swissSwiss Re
usWisconsin Physicians Service Insurance Co.
Internet
usZappos
Media, Publishing and Entertainment
caThomson Reuters
Medical Devices
usBecton Dickinson
nlRoyal Phillips
Metals
beUmicore
Real Estate
gbBritish Land plc
usJones Lang LaSalle
frUnibail-Rodamco
Restaurants and Cafes
usStarbucks Coffee Company
Specialty Pharma
usMedicis
Specialty Retail
usBest Buy Co.
seHennes & Mauritz
ptSonae
usTarget
usTen Thousand Villages
Staffing
usManpower
Telecom Hardware
usAvaya Inc.
usCisco Systems
usJuniper Networks
Telecom Services
sgSingapore Telecom
swissSwisscom
usT-Mobile USA
Transportation and Logistics
paAutoridad del Canal de Panama
jpEast Japan Railway Company
jpNippon Yusen Kabushi Kaisha
usUPS