International Paper has been recognized as one of the 2015 World’s Most Ethical Companies by the Ethisphere Institute, an independent center of research that promotes best practices in corporate ethics and governance.
This recognition is given to organizations with a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level.
This is the ninth straight year that International Paper has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior.
“The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance,” said Ethisphere’s CEO Timothy Erblich.
“These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World’s Most Ethical Companies recognition involves more than just an outward facing message or a handful of senior executives saying the right thing.”
This assessment is based upon the Ethisphere Institute’s Ethics Quotient (EQ) framework developed over years of research to provide a means to assess an organization’s performance in an objective, consistent and standardized 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.
The EQ framework and methodology is determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.
The scores are generated in five categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).
Meanwhile, Rockwell Automation has been named as one of the World’s Most Ethical Companies for the seventh time.
“Ethics and integrity are deeply rooted and ingrained in our culture,” said Keith D. Nosbusch, chairman and CEO.
“I’m proud of our employees who consistently do the right things, the right way, every day. They differentiate our company, giving us a competitive advantage.”