Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, has announced that it has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World's Most Ethical Company.
This is the first time that Ingredion has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. Ingredion is one of only five companies in the food and beverage products industry honored this year.
"It is a tremendous honor to be named one of the World's Most Ethical Companies," said Ingredion CEO Ilene Gordon. "Every day we strive to live up to the highest standards of ethical business conduct and this recognition confirms that we are succeeding. From our directors and executive leaders to our dedicated employees around the world, I am proud of all who are committed to advancing our long-standing reputation as an ethical company."
"The entire community of World's Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Ingredion joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Ingredion for this extraordinary achievement."
Kellogg Company has once again been recognized as one of the World's Most Ethical Companies by Ethisphere Institute, an independent research center promoting best practices in corporate ethics and governance. This is the sixth time Kellogg has received the designation since Ethisphere first began honoring companies in 2007.
According to Ethisphere, honorees understand the correlation between ethics, reputation and daily interactions with their brand. World's Most Ethical honorees not only promote ethical business standards and practices internally, they exceed legal compliance minimums and shape future industry standards by introducing best practices today.
"Our century-old legacy of integrity lives on in the way we run our business, serve our customers and consumers, create value for our investors, and make a difference in our communities," said John Bryant, President and CEO of Kellogg Company.
"This honor means a great deal to all of us at Kellogg. We see it as a reflection of our collective commitment to our K Values, which guide how we pursue our goals, tackle challenges and find innovative solutions."
To determine its World's Most Ethical list, Ethisphere scores hundreds of companies in five categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).
"We at Ethisphere believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it," said Ethisphere's Chief Executive Officer, Timothy Erblich.
The Food and Beverage companies on the list are as follows: All Good Organics (New Zealand), Ingredion Incorporated (USA), Kellogg Company (USA), PepsiCo, Inc. (USA) and illycaff (Italy).
