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| Company type | Private (for-profit) |
|---|---|
| Founded | 2007 |
| Founder | Alex Brigham |
| Headquarters | Scottsdale, Arizona |
| Website | ethisphere |
Ethisphere, formerly 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.
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]
The 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.
Ethisphere 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.[citation needed]
