Ford Named One of World’s Most Ethical Companies for Fifth Year
It’s fair to say that the people of Ethisphere know just a little bit more about business ethics than Eric from Billy Madison. In fact, they know a considerable amount more about what makes a business’ practices ethical, which is what their annual World’s Most Ethical (WME) Companies list shines a light upon. Ethisphere determines which companies excel ethically in industries such as aerospace, energy, and healthcare.
In the automotive industry, one thing is clear: Ford is unquestionably one of the automotive industry’s foremost practitioners of ethics, as evidenced by winning a spot on the World’s Most Ethical Companies list for a fifth consecutive year.
Out of the thousands upon thousands of companies considered by Ethisphere, only 144 were selected for promoting principled business standards/practices and innovating new ways of doing business the right way.
According to Ethisphere’s methodology, winners of the WME awards are determined based upon five caveats: ethics and compliance program; reputation, leadership, and innovation; governance; corporate citizenship and responsibility; and culture of ethics. These components combine to create a company’s EQ score, from which the World’s Most Ethical Companies are ultimately determined.
Ford is the only automotive representative on the list, which reaffirms their unprecedented commitment to conducting business in a manner that is ultimately fair and balanced. Ethisphere’s World’s Most Ethical Companies were announced Thursday during the Global Ethics Summit at the Crowne Plaza Times Square in New York City.