GE Listed on World's Most Ethical Companies by Ethisphere

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GE Listed on World's Most Ethical Companies by Ethisphere

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Summary

General Electric has been named one of the 110 World’s Most Ethical Companies by The Ethisphere Institute. Three thousand companies from 36 different countries were evaluated based on performance indicators including exceptional citizenship, social responsibility, governance, innovation and leadership. This year's list now covers a larger geographic capacity, with a 17% augmentation in 2011 of companies outside the US. The top ranking organizations, including GE, exemplify the importance of transparency and avoiding procrastination when problems arise. Interesting to note: the list also shows a correlation between ethics and profitability within organizations.
Friday, March 25, 2011 - 12:00pm

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(Reuters) - Companies that embraced the spirit of full disclosure -- breaking bad news to their customers or investors promptly -- stood out on a 2011 ranking of the world's most ethical companies. That type of candor is important in a world that has been rocked by financial crisis and where investors are now watching the biggest U.S. insider-trading trial in years.

Connecticut's politicians may not always behave, but The Hartford, General Electric, Xerox and more than a dozen other corporations have burnished the state's image by scoring among the world's most ethical businesses for 2011. Those Connecticut-based outfits, plus at least 15 more out-of-state corporations with sizable operations and locations in and across the state, such as Henkel AG (formerly Loctite Corp. in Rocky Hill) Jones Lang LaSalle, Best Buy, Whole Foods and Starbucks Coffee Co., made The Ethisphere Institute list of the world's 110 most ethical companies.
NEW YORK: General Electric, eBay and Aflac are among the world's "most ethical companies", according to a study published by specialist think-tank the Ethisphere Institute. Ethisphere assessed 3000 companies from 36 countries, naming 110 as performing particularly well in terms of citizenship, social responsibility, governance, innovation and leadership. General Electric, Zappos, Best Buy, Cisco and UPS were some of the leading US players credited with boasting strong credentials in this area.
 
About GE
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
 
Citizenship at GE is more than a program or a set of good intentions - it is a full-time commitment built upon cultural behaviors and actions. These actions are integrated with business strategy and have defined goals, strategies and metrics that make it actionable and accountable.
 
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Keywords: Business & Trade | Business Ethics | GE | Innovation | Leadership | Transparency | citizenship | eBay | ethical | governance | profitability

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