The Ethisphere Institute honors companies that excel in three areas: promoting ethical business standards and practices internally, enabling managers and employees to make good choices, and shaping future industry standards by introducing tomorrow’s best practices. And for the sixth time, H&M has been recognised by the Ethisphere Institute as one of the world’s most ethical companies.
Ethisphere has developed a framework over years of research to provide a means to assess an organisation’s performance in an objective, consistent and standardised way. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 per cent), corporate citizenship and responsibility (20 per cent), culture of ethics (20 per cent), governance (15 per cent) and leadership, innovation and reputation (10 per cent) and provided to all companies who participate in the process.
Ethisphere is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Companies honored have historically out-performed others financially, demonstrating the connection between good ethical practices and performance that’s valued in the marketplace.