Milliken Honored for Ethical Business Practices
Milliken & Co., Spartanburg, SC, recently was recognized by the Ethisphere® Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2017 World’s Most Ethical Company®.
Milliken has been recognized as a World’s Most Ethical Company for 11 years, every year since the award was first given in 2007 – a consecutive distinction given to only 13 companies. This year, it is one of only 20 privately owned companies receiving the honor. The decade-long distinction underscores Milliken’s commitment to leading ethical business standards and practices.
“How Milliken grows is equally as important as how much we grow – this is an integral belief that each Milliken associate holds, and that directs their work daily,” said Milliken & Co. President, CEO and Chairman J. Harold Chandler. “It is an honor to be annually recognized for this perspective on a successful, values-based business.”
The 150-year-old company has developed a long-standing reputation of engaged corporate citizenship throughout its headquarters community of Spartanburg, SC, with a combined associate and company foundation donation of more than $500,000 to local nonprofits in 2016 alone. As environmental stewards, Milliken diverts waste from landfills, utilizes renewable energy and maintains a 600-acre corporate arboretum, where it hosts numerous community events. Moreover, Milliken locations around the world each engage in their local communities through philanthropic activities and meaningful career opportunities for associates and their families.
2017 is the 11th year that Ethisphere has honored those companies who recognize their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders, and use their values and culture as an underpinning to the decisions they make every day.
“Over the last 11 years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate,” said Ethisphere’s CEO Timothy Erblich. “We have also seen how companies, such as Milliken, honored as the World’s Most Ethical respond consistently to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage. Congratulations to everyone at Milliken for being recognized as a World's Most Ethical Company for more than a decade."
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. 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%) and are provided to all companies who participate in the process.
The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.