Ethisphere Announces 2022 World’s Most Ethical Companies
PHOENIX–(BUSINESS WIRE)–Ethisphere, a global leader in setting and advancing the standards of ethical business practices, today announced the 136 winners representing 22 countries and 45 industries who have earned the coveted designation of World’s Most Ethical Companies.® in 2022.
It’s the 16thand annual recognition of companies that have demonstrated their commitment to ethical business practices through programs that positively impact employees, communities and broader stakeholders, and contribute to long-term sustainable and profitable business performance term.
In 2022, 14 companies are winners for the first time, while six have been recognized 16 times – every year since the awards were created in 2007.
“The time is right, and the data is clear: companies must lead the way on sustainability, social issues and governance. The world’s most ethical companies understand that the capitalism of today and tomorrow is the one that demonstrates how we turn our ideals into action,” said Ethisphere CEO, Timothy Erblich. “Congratulations to the 2022 winners for their dedication to advancing business integrity, for their leadership on tough issues, and for demonstrating that doing good is key to long-term successful performance.”
“At TIAA, transparency, accountability and integrity are values deeply embedded in our culture,” said Thasunda Brown Duckett, President and CEO of TIAA. “We know our customers want to work with a partner they trust, and we work hard to do well with them, our employees and our communities. We are honored to be named one of the World’s Most Ethical Companies by Ethisphere for the eighth consecutive year.
“Recognition for the 14and time as one of the World’s Most Ethical Companies is an incredible honor for which we thank our 400,000 green apron partners (employees) who show up with a common mission,” said Kevin Johnson, President and CEO, Starbucks Coffee Company. “At Starbucks, we know we must earn the trust we have from our partners, customers and communities every day by leading with a purpose that goes far beyond the pursuit of profit.”
“It’s a real honor to be named one of the World’s Most Ethical Companies for the 9and consecutive year,” said Steve James, CEO of Teachers Mutual Bank Limited. “As one of only five banks worldwide to be honored this year, this recognition reinforces our credentials as a socially responsible bank seeking to make a difference. I’m proud to lead a business that uses banking as a force for good.
Ethisphere’s 2022 Ethics Index, the set of publicly traded companies recognized as recipients of this year’s World’s Most Ethical Companies designation, outperformed a comparable index of large-cap companies by 24, 6 percentage points over the last five calendar years.
“Outperformance, which Ethisphere calls Ethics bonus, has remained constant since we started tracking the stock performance of winning companies. We believe this outperformance is the result of the types of practices that lead a company to our list – practices that demonstrate an investment in its people, culture and communities. We see in this data that these practices, over time, lead to better financial performance,” Erblich added.
Ethisphere will host a Virtual Honors Gala on April 12, 2022. It will feature keynote speeches from Matthew McConaughey, Academy Award®– winning actor, New York Times bestselling author and founder of just keep the foundation livin; and Ernie Johnsonsix-time Sports Emmy Award winner, and New York Times bestselling author of Unscripted: The Unpredictable Moments That Make Life Extraordinary.
Methodology and results
Based on Ethisphere’s proprietary ethics quotient®, the World’s Most Ethical Companies assessment process includes more than 200 culture data points; environmental and social practices; ethics and compliance activities; governance; diversity, equity and inclusion; and initiatives that support a strong value chain. The process serves as an operational framework to capture and codify best practices from organizations across industries and around the world.
This year, the assessment has been updated to include questions about programmatic changes made in response to the continuing COVID-19 pandemic. It also included a new area around risk assessment, to better respond to the US Department of Justice’s recent emphasis on the effectiveness of a company’s risk assessment efforts; more detailed questions on key impact assessment processes; and a series of other updates to reflect the changing landscape regarding ethics, compliance and governance.
All companies that participate in the judging process receive an analytical scorecard that provides information on key trends among winning companies and where their programs stand against the class of winning companies. Candidates also receive a three-month associate membership in the Business Ethics Leadership Alliance (BELA).
The full list of the 2022 World’s Most Ethical Companies is available at https://worldsmostethicalcompanies.com/honorees/.
Follow the conversation on Twitter: 2022 #WorldsMostEthicalCompanies.
Ethisphere® is the global leader in defining and promoting the standards of ethical business practices that fuel business character, market trust and business success. Ethisphere has deep expertise in measuring and setting fundamental ethical standards using data-driven insights that help companies build corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). https://ethisphere.com.