February 12, 2018 By P&PC Staff
Feb. 12, 2018 – Two forestry, paper and packaging companies are being recognized for their commitment to integrity and prioritizing ethical business practices.
The Ethisphere Institute today announced International Paper and Weyerhaeuser as two of the 2018 World’s Most Ethical Companies. In total, 135 honourees were recognized this year, spanning 23 countries and 57 industries.
“As a company, we value character as much as capability. We look for all our 52,000 employees across the globe who not only have talent, skills and work ethic, but who also are dedicated to the principle of doing the right things, in the right ways, for the right reasons, all of the time. This is the IPWay,” said Mark Sutton, Chairman and CEO of International Paper.
International Paper has been recognized for 12 consecutive years, while this is Weyerhaeuser’s ninth time making the honouree list.
“It is an honour to once again be included on this list and to be among companies whose principles and practices uphold the highest standards of ethics and corporate social responsibility,” said Sutton.
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 standardized 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 per cent), corporate citizenship and responsibility (20 percent), culture of ethics (20 per cent), governance (15 per cent), and leadership, innovation and reputation (10 per cent).
The 2018 World’s Most Ethical Companies Gala will be held March 13 in New York.
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