Canon named one of world’s most ethical companies
February 27, 2018
Canon U.S.A., Inc. has been recognised as one of the 2018 World’s Most Ethical Companies by the Ethisphere Institute.
This recognition is based on a variety of factors including: measuring and improving culture, leading with integrity and committing to transparency, diversity and inclusion. In 2018, 135 companies were recognised across 23 countries and 57 industries.
“I’d like to thank the Ethisphere Institute for this honour, which Canon takes great pride in,” said Kenneth Sharpe, Vice President, Corporate Audit, Ethics and Business Consultation, Canon U.S.A., Inc. “To be named as one of the World’s Most Ethical Companies is a true reflection of the values, culture and leadership that drive our organization. This distinction speaks to the integrity that is present throughout every level of our organization and represents the hard work and dedication of our cherished colleagues who work to meet this high standard every day.”
“While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society’s strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The World’s Most Ethical Companies, in particular, continued to show exemplary leadership,” said Timothy Erblich, Chief Executive Officer of Ethisphere. “I congratulate everyone at Canon U.S.A., Inc. for being recognized as one of the World’s Most Ethical Companies.”
The World’s Most Ethical Companies 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 standardised manner. 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. 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)
- Leadership, innovation and reputation (10 percent)
Research by the Ethisphere Institute has found that, when indexed, companies listed among the “World’s Most Ethical” outperformed the U.S. Large Cap Index over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.
Categories : Around the Industry
Tags : Business Canon Ethics Ethisphere
