Ethical behaviour tied to better financial returns
Date: 11 Jun 2008
In the release of its most recent 'World's most ethical companies' list, Ethisphere has said that there is a clear premium of performance in the marketplace for those companies that have been acknowledged as having a superior track record on ethical management.
According to the organisation, the ethical leaders have seen a growth rate in value twice that of the S&P 500, having used a range of criteria covering ethical governance as well as research into controversies and track record to arrive at its list.
Ethisphere says that its "World's Most Ethical Companies" list identifies those which go "above and beyond legal minimums" focusing on areas such as carbon footprinting and ensuring that they keep to the spirit of the law not just the letter. It makes the far-reaching claim that "These companies ... won't be found next to the worlds 'billion dollar fine' in newspaper headlines any time in the near future.
Celebrated companies on the list included firms such as UPS, Google, Xerox, Starbucks, Aflac and Kao Corporation.
However, the list has attracted its fair share of dissent, with choices for some of the companies being hotly disputed by some in comments left on the website.
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