The World’s Most Ethical Companies designation recognizes companies that, according to the institute, go beyond making statements about doing business ethically and translate those words into action. 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
100 companies, of which 26 are new. (Meantime, 24 companies have fallen
from the list, generally because of litigation and ethics violations, as
well as increased competition from within their industry.)
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Ethics important to GE Caterpillar Eaton Rockwell and Timken
The research-based Ethisphere Institute, an “international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability” has unveiled its most recent compilation of “The World’s Most Ethical Companies”. Included on the list are: General Electric Co., Caterpillar, Eaton, Rockwell Automation, and Timken Co.
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