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.
You must be logged in to add comments
In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
Similar news stories
From the same country
Currently most popular stories