PHOENIX--(BUSINESS WIRE)--Ethisphere, a global leader in defining and advancing the standards of ethical business practices, announces a call for applications for the 2023 World’s Most Ethical Companies recognition. Companies can start the application process by visiting www.worldsmostethicalcompanies.com.
Now in its 17th year, the annual World’s Most Ethical Companies designation honors organizations that display exceptional ethics, compliance, and governance practices.
“The World’s Most Ethical Companies continue to outperform their peers over the long term, which proves our core belief that strong ethics is good business,” said Ethisphere CEO Tim Erblich. “Every year, we see the most innovative and cutting-edge programs and practices for advancing ethics, compliance, and governance issues among our applicants, and this year will prove no different. As business leaders are increasingly tasked to lead with their values, earning World’s Most Ethical Companies honors is the most visible way to showcase the positive impact an organization makes through its commitment to a culture of accountability.”
The Application Process
For many organizations, the process itself is valuable for understanding how programs compare to leading practices, identifying gaps, and charting a path forward. The evaluation includes a 200-point Ethics Quotient® (EQ) questionnaire; review of supporting documentation; and analysis of reputation, leadership, and other factors. Companies can start the application process by visiting www.worldsmostethicalcompanies.com.
Companies looking to learn more about this year’s application process are invited to register for the upcoming instructive webcast “World’s Most Ethical Companies: A Guide to Applying for 2023” on Tuesday, August 30, from 12 to 1 p.m. EDT. To register, visit https://ethisphere.com/event/worlds-most-ethical-companies-a-guide-to-applying-for-2023/.
Applications are evaluated along five weighted categories: governance, leadership, and reputation; ethics and compliance program; ethical culture; trust; and environmental & social impact.
Every World’s Most Ethical Companies applicant receives a report that outlines their evaluation scores as they compare to honorees, along with exclusive data insights and links to valuable resources to help improve programs.
“Leading with integrity is a must-have in today’s global business environment and being able to accurately measure and analyze the impact your ethics and compliance program makes is more important than ever,” said Michael J. Hershman, President and CEO of the Fairfax Group, co-founder of Transparency International, and member of Ethisphere’s Methodology Advisory Panel. “The World’s Most Ethical Companies application process provides companies with an excellent opportunity to benchmark their programs against the best, and better understand where they excel, where they can still improve, and how they might best help to make the world more just, fair and prosperous.”
New for 2023
Each year, Ethisphere updates the Ethics Quotient questionnaire based on input from our own experts, former applicants, and others, and to reflect the most current best practices. Changes to the 2023 Ethics Quotient include new and revised questions to areas of evolving importance – from board and C-suite diversity practices, ambassador/liaison programs, and acquisition practices, to post-investigation discipline, ESG materiality and reporting practices and human rights.
Ethisphere also recently launched a new benchmarking data platform, The Sphere, which enables organizations to compare their program to current and former World’s Most Ethical Companies honorees. Benchmarking in The Sphere can be valuable for those interested in understanding the programs and practices of leading organizations and for those seeking to measure and improve programs. For more information on The Sphere, please visit https://ethisphere.com/what-we-do/the-sphere/.
The deadline to submit the completed assessment and supporting documentation is Friday, November 18, 2022, at 11:59 p.m. EST.
About Ethisphere
Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also helps to advance business performance through data-driven assessments, benchmarking, and guidance. https://ethisphere.com.