kb-network    News 21 Feb 2018

Whirlpool named as one of the World’s Most Ethical Companies by The Ethisphere Institute

Home appliance specialist, Whirlpool Corporation, has been recognised by the Ethisphere Institute – a global leader in defining and advancing the standards of ethical business practices – as one of the 2018 World’s Most Ethical Companies.

Whirlpool Corporation has been recognised twice and is the only honouree in the appliances industry, underscoring its commitment to prioritising ethical business practices.

“We are proud of this recognition,” said Marc Bitzer, Whirlpool Corporation CEO. “For over a century, Whirlpool Corporation has lived its values, honouring our mission to earn trust with all stakeholders. This acknowledgement of integrity reflects our commitment to doing business the right way, and we will continue that practice for decades to come.”

In 2018, 135 honourees were recognised, spanning 24 countries and 57 industries. The twelfth class of honourees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honourees.

“While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society’s strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The World’s Most Ethical Companies, in particular, continued to show exemplary leadership,” explained Ethisphere’s CEO, Timothy Erblich. “I congratulate everyone at Whirlpool Corporation for being recognized as one of the World’s Most Ethical Companies.”

The World’s Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardised manner. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).

The full list of the 2018 World’s Most Ethical Companies can be found here.

Whirlpool | whirlpoolcorp.com