In 2020, 132 companies are recognized for setting the global standards of business integrity and corporate citizenship, according to organizer Ethisphere. Six of them are food and beverage producers: ADM, Grupo Bimbo, Illy, Ingredion, Kellogg’s and Pepsico.
Ethisphere, which offers the awards, is a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies. The honorees span 21 countries and 51 industries and include 14 first-time inductees and seven companies that have been named to the list every year since its inception.
ADM said that the recognition honors companies that take the long view with a purpose-based strategy and strive to create positive change throughout their global communities.
“Each day, our world-class team of 40,000 works to enrich the quality of life for people the world over, and it’s absolutely paramount that every aspect of that work follows the highest standards of honesty and integrity at all times,” said Chairman and CEO Juan Luciano. “We are extremely proud to be recognized for our company-wide commitment to ethical business practices, transparency, and corporate citizenship.”
“Congratulations to everyone at ADM for earning this recognition,” said ethisphere’s CEO Timothy Erblich. “This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good.”
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.
The full list of the 2020 World’s Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
Grupo Bimbo, Kellogg, and PepsiCo were also on the list of World’s Most Ethical Companies in 2019.