Being honored as one of the world’s most ethical companies is something to be proud of, and 3 companies in the dental industry have earned their bragging rights. Congratulations to Henry Schein, 3M, and Colgate-Palmolive, who were all been named to Ethisphere’s list of 2016 World’s Most Ethical Companies. In total, the list includes 131 companies in 21 countries and honors those businesses who demonstrate leadership in areas like citizenship, integrity, and transparency.
According to Ethisphere, The World’s Most Ethical Companies program honors companies that excel in three areas – promoting ethical business standards and practices internally, enabling managers and employees to make good choices, and shaping future industry standards by introducing tomorrow’s best practices today. Honorees have historically out-performed others financially, demonstrating the connection between good ethical practices and performance that’s valued in the marketplace.
Henry Schein, the only winner in the Healthcare Products category for the 5th year in a row, donated over $25,000 in products to the Henry Viscardi School for children with disabilities. They also sponsored the 10th annual Senior Dental Leaders Program that augments the leadership and management skills of oral health leaders around the world.
"We are proud to be recognized by Ethisphere as one of the World's Most Ethical Companies alongside many of the world's most successful businesses," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein, in a recent press release. "At Henry Schein, we understand that success must be defined by more than just the bottom line. Since 1932, our Company has pursued the ideal of 'doing well by doing good.' As a result, we have created long-term economic and social value by maintaining exceptional ethical standards in our business practices and by cultivating a culture of caring."
3M Company, a winner in the Industrial Manufacturing category, was chosen as a World’s Most Ethical Company for the third year in a row. According to 3M, their ethical standards are woven throughout the science-based company’s core, from its Company Vision, to its Code of Conduct and the Leadership Behaviors that all employees must demonstrate in their annual review. 3M’s strong ethical culture is setting an example for businesses around the world.
Colgate-Palmolive is a company that strives to be the best truly global consumer products company, and they are committed to doing business with integrity and respect for all people and for the world. Their long-term sustainability strategy is focused on three areas: people, performance and planet. As reported on their website, Colgate has received many awards for its efforts in sustainability and social responsibility.
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient (EQ) framework developed over years of research. 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%).
Read the complete list of companies honored in 2016.