HDFC is the sole Indian firm among World’s most ethical companies

Housing Development Finance Corporation ( HDFC ) is the sole Indian company figuring in a New York City think tank’s fifth annual list of the World’s Most Ethical Companies.

The Ethisphere Institute’s list, which includes 110 organizations, the largest since the award’s inception in 2007, does not have a ranking.

Nearly 3,000 companies in more than 100 countries and 36 industries were nominated-or nominated themselves-to be considered this year.

The 110 companies that made the final cut this year include first-time recipients Adidas, eBay, Microsoft, Colgate-Palmolive and 30 other newcomers.

Thirty-one companies from last year disappeared, generally because of litigation or ethics violations, as well as increased competition from within their industries.

Twenty-six companies have been recognised as a WME company for all five years, and 50 more have made the list at least twice.

This year’s list also includes more global companies, with 42 winners from outside of the US, including six from Japan.

Ethisphere’s proprietary rating system, which it calls the Ethics Quotient, is based on a series of multiple-choice questions in a survey that is designed to capture a company’s performance in an objective and standardised way.

“Based on the information in that survey, Ethisphere verifies responses before a final score is provided,” says Alex Brigham, executive director of the Ethisphere Institute.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s