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    Categories: Businesssurvey

Top Ethical Companies in the world – Not a Single Indian !

In this era of hyper-competition and result-oriented nature of businesses, it is difficult to run huge empires on ethical grounds and standards. Ethics refers to the study and process of human conduct, as a part of the society or an institution, in the light of moral principles.

The Ethisphere Institute released on March 25, 2010, its fourth annual list of the World’s Most Ethical Companies for 2010. Through in-depth research and analysis as many as 3000 companies from 100 countries were nominated for considering inclusion into the list of winners for the coveted award of the World’s Most Ethical Companies.

The institute recognizes companies that truly goes beyond making statements about doing business ‘ethically’ and translate those words into action. Of these companies, 26 are new to the list in 2010, while there are 24 companies which have been dropped off from the 2009 list due to ethical violations.

Here is a Bummer, not a Single India company features in this list of most Ethical companies in the world. do you think Satyam’s fiasco has anything to do with this :)

Solae, LLC, a world leader in soy-based ingredients within the food and nutritional industry, has been recognized as one of the world’s most ethical companies for implementing upright business practices and initiatives in harmony with company and social objectives.

Some of the other companies from the food industry which bagged this recognizable award are PepsiCo, Campbell Soup Company and General Mills.

The Ethisphere Institute has reviewed nominations for companies ranging over 36 different industries from Apparel, Banking and Chemicals to Construction and Engineering, Consumer Products, Healthcare and Real Estate.

Here is the list of Most Ethical Companies in the world !

Aerospace
  • Harris Corporation
  • Rockwell Collins Inc.
  • The Aerospace Corporation
Apparel
  • Comme Il Faut
  • Nike
  • Patagonia
Auctions
  • Barrett Jackson Auction Company
Automotive
  • Cummins
  • Ford Motor Company
  • Johnson Controls
Banking
  • Rabobank
  • Standard Chartered Bank
  • Westpac Banking Corporation
Business Services
  • Accenture
  • Noblis
  • Pitney Bowes
  • Dun & Bradstreet
  • Paychex
Chemicals
  • Ashland
  • Dow Corning Corporation
  • Ecolab
  • Flint Hills Resources
Computer Hardware
  • Hewlett-Packard Company
Computer Software
  • Adobe Systems
  • Salesforce.com
  • Symantec
  • Teradata
Construction and Engineering
  • CH2M Hill
  • CRH
  • Fluor
  • Granite Construction
  • Parsons
Consumer Electronics
  • Ricoh
  • Xerox
Consumer Products
  • Henkel
  • Kao
  • L’ORÉAL
  • Mattel
Diversified Industries
  • General Electric Co.
Electronics and Semiconductors
  • Freescale Semiconductor
  • Texas Instruments
Energy and Utilities
  • Duke Energy
  • FPL Group
  • National Grid
  • Sempra Energy
  • Wisconsin Energy Corporation
Environmental Services
  • Waste Management
Financial Services
  • American Express
  • The Hartford
  • The Principal Financial Group
Food and Beverage
  • Campbell Soup Company
  • General Mills
  • PepsiCo
  • Solae
Food Service

ARAMARK

Sodexo

Food Stores

Trader Joe’s

Wegmans

Whole Foods Market

Forestry, Paper and Packaging
  • International Paper
  • Stora Enso Oyj
  • Svenska Cellulosa
  • Weyerhaeuser
Healthcare
  • Cleveland Clinic
  • Hospital Corporation of America
  • J M Smith Corporation
  • Johns Hopkins
  • Premier
Hotels, Travel & Hospitality
  • Rezidor Hotel Group
  • Wyndham Worldwide
Industrial Manufacturing
  • Caterpillar
  • Deere & Company
  • Eaton
  • Milliken and Company
  • Rockwell Automation
  • Timken
Insurance
  • Aflac
  • Swiss Re
  • Wisconsin Physicians Service
Internet
  • Google
  • Zappos
Media, Publishing and Entertainment

Thomson Reuters

Time Warner

Medical Devices

Becton, Dickinson and Company

Royal Philips

Pharmaceuticals

AstraZeneca

Novo Nordisk

Real Estate

Jones Lang LaSalle

Restaurants and Cafes
  • Starbucks Coffee Company
Specialty Retail
  • Best Buy
  • Gap
  • IKEA
  • Target
  • Ten Thousand Villages
Telecom Hardware
  • Avaya
  • Cisco Systems
Telecom Services
  • T-Mobile
  • Vodafone Group
Transportation and Logistics
  • Nippon Yusen Kabushi Kaisha
  • UPS

Aha, nice to see “Do no Evil” Google in the list of most ethical companies !

From India perspective there is nothing to cheer about except the fact that among the list of companies featuring in world’s most ethical companies, PepsiCo and Adobe Systems are headed by Indra Nooyi and Shantanu Narayen respectively, both of which are from Indian origin as their chief executives.

According to you which Indian company do you think deserves to be on this list?


Viral Dholakia: Viral Dholakia is a Freelance writer for financial magazines & is passionate about blogging and Capital Markets. Stay in touch with him at bull4bears-at-yahoo.co.in or on Twitter at @viralsss
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