Schneider Electric was recently recognised by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as 2015’s World’s Most Ethical Company. The designation recognises organisations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.
Among the 132 companies evaluated by the Ethisphere Institute, Schneider Electric is one of only three companies in the ‘Capital Goods’ category honoured this year.
The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. According to Ethisphere, these companies use ethics as a means to further define their industry leadership. Earning this recognition involves the collective action of a global workforce from the top down.
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient (EQ) framework, which was developed over years of research to provide a means of assessing 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. The EQ framework and methodology has been devised by expert advice from the World’s Most Ethical Company Methodology Advisory Panel. The scores are calculated in five main categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent).
Visit www.ethisphere.com/worlds-most-ethical/wme-honorees to check out the full list of the 2015 World’s Most Ethical Companies.