Aramark, Ecolab Gain Ethics Honors
Aramark Corp. and Ecolab Inc. recently were both recognized for their ethical practices and standards by Ethisphere Institute, and each received a designation as a 2015 World's Most Ethical Company®. This designation identifies corporations whose culture of ethics has a material impact on the way business is conducted and that foster transparency at every level of the company.
Recognized for five years running, this honor highlights Aramark’s commitment to leading ethical business standards and practices, which supports long-term value to key stakeholders, including customers, employees, suppliers, regulators and investors. “Every day, everywhere we operate around the world, our dedicated associates enrich and nourish the lives of those we serve with innovative and meaningful solutions,” said Eric J. Foss, chairman, president and CEO of Aramark. “As a global leader, this prestigious honor reinforces our commitment to operating with the highest ethical standards and conducting business with the utmost integrity and respect, while delivering service excellence to our consumers, clients and community partners.”
Ever since the designation’s inception in 2007, Ecolab has been named a World’s Most Ethical Company, recognizing Ecolab’s achievement in transparency, integrity, ethics and compliance. “This recognition is a testament to the integrity and high ethical standards our 47,000 Ecolab associates demonstrate every day as they work to make the world cleaner, safer and healthier,” said Ecolab Chairman and CEO Douglas M. Baker Jr. “Our long-term success is grounded in responsible and ethical business practices, and we are honored to be one of only 15 companies to be named to all nine World’s Most Ethical Companies lists.”
To earn this distinction, Ethisphere evaluates companies on a comprehensive sampling of core competencies, a framework and methodology developed over years of research. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).
“The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance,” said Ethisphere Chief Executive Officer Timothy Erblich. “Earning this recognition involves the collective action of a global work force from the top down.”
Editor’s note: A March 11 post also acknowledged Milliken & Co.’s recognition as a 2015 World’s Most Ethical Company. Shortly thereafter, we learned that Aramark and Ecolab also had gained this recognition. No favoritism toward any company was intended in these two announcements.