This article has multiple issues. Please helpimprove it or discuss these issues on thetalk page.(Learn how and when to remove these messages) (Learn how and when to remove this message)
|
TheEthisphere Institute is afor-profit company that, for a fee, defines and measures corporateethical standards, recognizes companies that do well in those stated metrics, and promotesbest practices incorporate ethics.[1] The company is located inScottsdale, Arizona.
| Company type | Private (for-profit) |
|---|---|
| Founded | 2007 |
| Founder | Alex Brigham |
| Headquarters | Scottsdale, Arizona |
| Website | ethisphere |
The company publishesEthisphere Magazine and announces its World's Most Ethical Companies award once a year. The company also offers verification services for corporate ethics under such names as "Ethics Inside Certification" and "Compliance Leader Verification".[citation needed] It hosts the Global Ethics Summit every March inNew York City and manages a community of compliance, ethics and legal professionals known as BELA, the Business Ethics Leadership Alliance.[2]
Operations
editThe Executive Chairman of Ethisphere, Alex Brigham, created the institute in 2007, as part of Corpedia, a compliance training company.[3] In 2010, Corpedia was sold but Ethisphere's ownership was retained by Brigham.
Criticism
editEthisphere has been criticized for itsbusiness model and the possibleconflict of interest created when other companies pay for an assessment.[4][1] Ethisphere assesses companies based on self-reported data and a survey.[1][5][6] Companies dubbed "most ethical" by Ethisphere includeEastman Chemical andBlue Shield of California, despite the involvement of both in major public scandals at the time.[5] Ethisphere also awarded Elbit Systems of America, a branch of a large Israeli weapons manufacturer that has been widely protested for its role in theGaza war, with the title of "one of the World's Most Ethical Companies".[7] Some companies that are recognized often advertise for Ethisphere and pay additional licensing fees for the right to use the year-specific World’s Most Ethical Companies logo.
References
edit- ^abcEvans, Will (19 March 2010)."Beware of corporate consulting firms offering awards for corporate ethics".Slate Magazine. Retrieved8 February 2022.
- ^DiPietro, Ben."What Matters More: Focusing on Rules or Creating Ethical Culture?".WSJ.
- ^Normore, Anthony (8 March 2019).Handbook of Research on Strategic Communication, Leadership, and Conflict Management in Modern Organizations. IGI Global.ISBN 9781522585176. Retrieved14 April 2020.
- ^Schwartz, Arthur J. (13 May 2016)."A closer look at the 'most ethical' company rankings".Philadelphia Business Journal. Retrieved8 February 2022.
- ^abLazarus, David (27 October 2014)."The ethics of firms paying to be honored for ethics".Los Angeles Times. Retrieved8 February 2022.
- ^McEachran, Rich (3 September 2013)."Ethical awards: green wash or genuinely recognising sustainability?".The Guardian. Retrieved8 February 2022.
- ^McAllen, Jess (2024-03-14)."The Dubious Ethics of "the World's Most Ethical Companies"".ISSN 0027-8378. Retrieved2024-10-08.
Reinert, Sue (August 28, 2024)."Elbit, company that was protested weekly, confirms it is moving out of Cambridge".Cambridge Day. RetrievedSeptember 10, 2024.
"Investor Overview March 2024"(PDF).Elbit Systems. December 31, 2023. RetrievedSeptember 10, 2024.