GRANITE CONSTRUCTION INCORPORATED (NYSE:GVA) announced today that it has
been recognized by the Ethisphere Institute, an independent center of
research promoting best practices in corporate ethics and governance, as
a 2014 World’s Most Ethical Company®.
This is the fifth time that Granite has been honored with this award,
which recognizes organizations that continue to raise the bar on ethical
leadership and corporate behavior. World’s Most Ethical Company honorees
understand the correlation between ethics and reputation. Granite is one
of only three companies in the construction industry—and the only
US-based construction company—honored this year.
“Receiving this award for the fifth consecutive year is a testament to
the Code of Conduct that is pervasive inside our offices and on our
jobsites today,” said James H. Roberts, Granite’s president and chief
executive officer. “As an industry leader in the area of compliance,
Granite’s commitment to ethical behavior far outdates the requirements
for Codes of Conducts seen in today’s business environment. Our people
are living the Code and it is our commitment to continue to foster a
strong culture of ethics and integrity at Granite for generations to
come.”
“The entire community of World’s Most Ethical Companies believe that
customers, employees, investors and regulators place a high premium on
trust and that ethics and good governance are key in earning it,” said
Ethisphere’s Chief Executive Officer, Timothy Erblich. “Granite joins an
exclusive community committed to driving performance through leading
business practices. We congratulate everyone at Granite for this
extraordinary achievement.”
The World's Most Ethical Company assessment is based upon the Ethisphere
Institute’s Ethics Quotient™ framework. The Ethics Quotient framework
has been developed over years of effort to provide a means to assess an
organization’s performance in an objective, consistent and standardized
way. The information collected provides a comprehensive sampling of
definitive criteria of core competencies, rather than all aspects of
corporate governance, risk, sustainability, compliance and ethics. The
Ethics Quotient framework and methodology was determined, vetted and
refined by the expert advice and insights gleaned from Ethisphere’s
network of thought leaders and from the World’s Most Ethical Company Methodology
Advisory Panel.
Scores are generated in five key categories: ethics and compliance
program (25%), reputation, leadership and innovation (20%), governance
(10%), corporate citizenship and responsibility (25%) and culture of
ethics (20%).
The full list of the 2014 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
About Granite
Through its offices and subsidiaries nationwide, Granite Construction
Incorporated (NYSE:GVA) is one of the nation’s largest infrastructure
contractors and construction materials producers. Recognized as one of
the top 25 largest construction companies in the U.S., Granite
specializes in complex infrastructure projects, including
transportation, industrial and federal contracting, and is a proven
leader in alternative procurement project delivery. Granite is an
award-winning firm in Safety, Quality and Environmental Stewardship, and
has been honored as one of the World’s Most Ethical Companies by
Ethisphere Institute for five consecutive years. For more information,
visit www.graniteconstruction.com.
About the Ethisphere Institute
The Ethisphere® Institute is an independent center of
research, best practices and thought leadership that promotes best
practices in corporate ethics and governance and enables organizations
to improve compliance, mitigate risk, and enhance relationships with
employees, business partners, investors and the broad regulatory
community. Ethisphere evaluates and benchmarks compliance and governance
programs, honors superior achievement through its World’s Most Ethical
Companies® recognition program and publishes Ethisphere
Magazine. Ethisphere is also the leading provider of independent
verification of corporate ethics and compliance programs that include:
Ethics Inside® Certification, Compliance Leader Verification™
and Anti-Corruption Program Verification™. More information about
Ethisphere can be found at: www.ethisphere.com.
Copyright Business Wire 2014