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Electrolux named one of the World's Most Ethical Companies 2011
Electrolux has been recognised by the Ethisphere Institute as one of the World's Most Ethical Companies 2011. The ranking names 110 companies in 38 industries that surpass their industry peers. The named companies are rewarded for implementing business practices and initiatives that are instrumental to the company's success, benefit the community, and raise the bar for ethical standards within the industry.
Ethisphere Institute reviewed thousands of companies through in-depth research and multi-step analysis. This includes analysis of codes of ethics, litigation and regulatory infraction histories; evaluations of investment in innovation and sustainable business practices. In addition, it identified activities that improve corporate citizenship. It also studied nominations from senior executives, industry peers, suppliers and customers.
"As companies strive to maintain a competitive advantage, good ethics translate into better business - and better business means better bottom lines," says Alex Brigham, Executive Director of the Ethisphere Institute.
"Electrolux recognises the important role that principled practices play in brand reputation, which ultimately is the most valuable asset for a corporation.
"Each year, the competition gets more intense for the World's Most Ethical Companies and this year was no exception with a record number of organisations vying for this distinguished honour."
Henrik Sundstrom, VP Group Sustainability Affairs, is delighted with the accolade, saying:
"Sustainability is an integral part of the Electrolux business strategy and this award further distinguishes us as an industry leader."
Ethisphere Institute is a think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. This is the fifth year Ethisphere Institute has published the World's Most Ethical rankings.
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1st April 2011