BMW, Toyota Named Among Most Ethical Companies
By Michelle Krebs April 13, 2009BMW and Toyota were the only two auto companies to make the list of 99 of the world's most ethical companies in the Ethisphere Institute's third annual rankings announced Monday.
"The mission of our group is to improve corporate behavior," said Alex Brigham, executive director of the international think-tank based in New York dedicated to the advancement of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.
The companies are chosen against their peers within their industry. The rankings are based on factors that go to the heart of corporate governance and environmentalism, the institute said, including innovation that contributes to public well being and the use of fewer resources. They also are judged on corporate governance, legal and regulatory reputation and track record, executive leadership, industry leadership, and internal systems and ethics compliance programs.
Other auto-related companies making the list were suppliers Johnson Controls, Rockwell and Eaton as well as heavy-equipment manufacturers Caterpillar and John Deere.
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