Milliken & Company was recently recognized as a 2015 World’s Most Ethical Company by the Ethisphere Institute, an organization dedicated to defining and advancing the standards of ethical business practices. The designation recognizes organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.
Being an honoree for nine consecutive years underscores Milliken’s commitment to leading ethical business standards and practices, ensuring long-term value to key stakeholders including customers, employees, suppliers, and communities. Milliken is one of only 15 companies that can claim this consecutive distinction and one of only 16 private companies receiving this year’s award.
“As a community of innovators, our associates understand the importance of conducting business in accordance with the highest ethical standards and are inspired by the idea of bringing innovations to the market that have a positive impact on the world,” said Joe Salley, president and CEO of Milliken.
Ethisphere's assessment is based on the institute’s Ethics Quotient (EQ) framework 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 EQ 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 Methodology Advisory Panel.
“The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning this recognition involves more than just an outward facing message or a handful of senior executives saying the right thing,” said Ethisphere’s Chief Executive Officer Timothy Erblich. “Earning this recognition involves the collective action of a global workforce from the top down.”
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%).
The full list of the 2015 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/. Additional insights gleaned from the World’s Most Ethical Companies will be released in a series of whitepapers and infographics over the coming months.
