Stora Enso, SCA and International Paper named among The World's Most Ethical Companies
Stora Enso, SCA and International Paper have both been honored by the Ethisphere Institute as Ethical Companies for 2011. Stora Enso has now been selected for the list for the fourth time running, out of a record number of nominee companies and International Paper was recognized by The Ethisphere Institute as one of the World's Most Ethical Companies For the fifth consecutive year.
Ethisphere has been working for five years as a think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Ethisphere’s WME list recognises companies’ ethical leadership, compliance practices and corporate social responsibility among many multinational companies.
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“As companies strive to maintain a competitive advantage, good ethics translate into better business, and better business means better bottom lines. Stora Enso recognises the important role that principled practices play in brand reputation, which ultimately is the most valuable asset for a corporation,” said Alex Brigham, Executive Director of the Ethisphere Institute. “Each year the competition gets more intense for the World’s Most Ethical Companies, and this year was no exception with a record number of organisations vying for this distinguished honour. Ethisphere congratulates Stora Enso on being one of the World’s Most Ethical Companies for 2011.”
The WME ranking process involves reviewing ethical codes, litigations and regulatory infraction histories; evaluating investments in innovation and sustainable business practices; assessing activities designed to improve corporate citizenship; and studying nominations made by senior executives, industry peers, suppliers and customers. According to the Institute, honorees demonstrate real and sustained ethical leadership within their industries, putting into business practice the Institute's credo of 'Good. Smart. Business. Profit.' Other listed companies include American Express, eBay, Ford Motor Company, Adidas, Starbucks, PepsiCo and the Xerox Corporation.
Read more about the methodology behind this scheme and view the complete list of the World’s Most Ethical Companies for 2011 at http://ethisphere.com/worlds-