The Most Ethical Tech Firms And Why They Matter
Ethics is an essential part of an enterprise. Organizations that have shown a great deal of integrity and ethicals values are known for their strong morale and greater efficiency. More importantly, they managed to win the most important asset in any market - Trust. Based on this assumption, The Ethisphere Institute, recently announced 135 companies spanning 23 countries and 57 industries as the 2018 World’s Most Ethical Companies.
Since 2007, Ethisphere has honored those companies who recognize their critical role to influence and drive positive change in the business community and societies around the world and work to maximize their impact wherever possible. In 2017, we saw a profound change in the discourse around the world, but as part of that disruption we also saw global companies emerge as society’s leading voice to advance the human condition.
Like most years, technology companies have been at the forefront of the honor. Some of the tech companies that have been recodnized for strong ethics include Accenture, Adobe, Applied Materials, Brightstar, CA Technologies, Canon, Capgemini, Dell, Dun and Bradstreet, Intel, GE, Nokia, Mastercard, Microsoft, Salesforce, Wipro, Xerox, Teradata, LinkedIn, Symantec and Texas Instrument, among others.
Mike Gregoire, chief executive officer at CA Technologies stated that the organization is adamant in maintaining the highest ethical standards in all we do – both internally and externally. “Success in today’s rapidly evolving economy is contingent on so much more than business acumen. How an organization is run, the diversity of the team, and the driving mission directly impact both the bottom line and sustained success,” said Gregoire. CA has received the recognition by the Ethisphere Institute for three consecutive years.
Values-based leadership leaped to the forefront of business strategy, and companies increasingly discussed their purpose in broad, community-focused terms. Diversity and inclusion, investment and long-term commitment, and constructive use of a company’s voice are now the hallmarks of what stakeholders are expecting and investors are rewarding.
“We are honored to be listed among the World’s Most Ethical Companies for the fifth consecutive year,” said Dell Technologies Chairman and CEO, Michael Dell. “Ethics and integrity matter at Dell. We work hard to earn our customers’ trust, improve our communities and inspire our team members through sound, ethical decision-making. Because at Dell, how we do our work is just as important as the results we achieve.”
“Responsible business is a fundamental part of Volvo Cars’ culture and way of operating, and something we continuously promote internally as well as with our business partners,” said Volvo Cars President and CEO, Håkan Samuelsson. “An ethical approach to business is not only the right thing to do, but also brings financial value and helps attract and retain the best talent.
“At Microsoft, trust and integrity are core to our values and critical to our success. We’re passionate about applying the power of technology to improve our world, and that starts with doing business in a way that builds and maintains trust with our customers,” said Microsoft President, Brad Smith. “Microsoft is honored to be named once again to the World’s Most Ethical Companies by Ethisphere because it reflects our passion to make a lasting impact on the world around us.”
The 2018 World’s Most Ethical Companies responded to this opportunity with alacrity. Record metrics of community support and innovative ways to engage and inspire employees, customers and stakeholders typified this year’s honoree. 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), and leadership, innovation and reputation (10 percent). All companies who participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
“Over the last 12 years, we have repeatedly seen that those companies who focus on transparency and authenticity are rewarded with the trust of their employees, their customers and their investors. While negative headlines might grab attention, the companies who support the rule of law and operate with decency and fair play around the globe will always succeed in the long term,” explained Ethisphere CEO, Timothy Erblich. “Congratulations to all of the 2018 honorees.”
Ethisphere’s notion that financial value and ethics are inexorably tied together has been borne out through long-term tracking of how the stock prices of publicly traded honorees compare to the U.S. Large Cap Index. The research found that listed World’s Most Ethical Companies outperformed the large cap sector over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.
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