The Ethisphere Institute , a think-tank dedicated to the research and promotion of profitable best practices in global governance, business ethics, compliance and corporate responsibility revealed the award at the Ethisphere and Forbes joint-conference, “Driving Profit through Ethical Leadership,” held on June 3rd.
“We are much honored to be named on the World’s Most Ethical Companies list. In Novozymes, we see a clear link between high ethical standards and financial success, and we therefore take our social and environmental responsibilities very seriously”, says Thomas Nagy, Executive Vice President for Stakeholder Relations in Novozymes.
Over 10,000 companies reviewed
The 2008 World’s Most Ethical Companies methodology committee is comprised of leading attorneys and government officials, professors and leaders who care about ethical and honest business practices.
“Novozymes is among the companies honored this year because they have developed impressive and meaningful ethical business practices, making them true standouts within their industry”, said Alexander Brigham, executive director of Ethisphere Institute. “They go well beyond legal minimums, opting instead to bring about innovative ideas that contribute to the public well being. By their actions, they are forcing their competitors to follow suit, or fall behind and they truly embody the notion that ethical business practices are more profitable in the long run”.
The extensive research process included reviewing over 10,000 of the world’s leading companies on six continents. Ethisphere analysts reviewed codes of ethics, litigation and regulatory infraction histories; evaluated investment in innovation and sustainable business practices; looked at companies’ activities to improve corporate citizenship; studied nominations from senior executives, industry peers, suppliers and customers; and worked with consumer action groups for feedback and rating.