Ecolab Inc., the global leader in water, hygiene and energy technologies
and services, has been recognized as a 2015
World’s Most Ethical Company® by the Ethisphere
Institute, the global leader in defining and advancing the standards of
ethical business practices.
This is the ninth consecutive year that Ecolab has received the World’s
Most Ethical Company distinction, which recognizes Ecolab’s achievement
in transparency, integrity, ethics and compliance. Ecolab has been named
a World’s Most Ethical Company every year since the honor’s inception in
2007.
“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 Chief Executive Officer 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.”
The World's Most Ethical Company assessment is based upon the Ethisphere
Institute’s Ethics
Quotient™ (EQ) framework. The EQ framework has been developed over
years of research 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 framework
and methodology is 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.
“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. We congratulate everyone at Ecolab for this extraordinary
achievement.”
Assessment scores are generated in five key categories: ethics and
compliance program (35 percent), corporate citizenship and
responsibility (20 percent), culture of ethics (20 percent), governance
(15 percent) and leadership, innovation and reputation (10 percent). The
full list of the 2015 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
About Ecolab
A trusted partner at more than one million customer locations, Ecolab
(ECL) is the global leader in water, hygiene and energy technologies and
services that protect people and vital resources. With 2014 sales of $14
billion and 47,000 associates, Ecolab delivers comprehensive solutions
and on-site service to promote safe food, maintain clean environments,
optimize water and energy use and improve operational efficiencies for
customers in the food, healthcare, energy, hospitality and industrial
markets in more than 170 countries around the world. For more Ecolab
news and information, visit www.ecolab.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining
and advancing the standards of ethical business practices that fuel
corporate character, marketplace trust, and business success. Ethisphere
has deep expertise in measuring and defining core ethics standards using
data-driven insights that help companies enhance corporate character.
Ethisphere honors superior achievement through its World’s Most Ethical
Companies® recognition program, provides a community of
industry experts with the Business Ethics Leadership Alliance (BELA),
and showcases trends and best practices in ethics with the publication
of Ethisphere Magazine and The World’s Most Ethical Companies Executive
Briefing. Ethisphere is also the leading provider of independent
verification of corporate ethics and compliance programs. More
information about Ethisphere can be found at: http://ethisphere.com.
(ECL-C)
Copyright Business Wire 2015