187753414 Corporate Ethics

Corporate Ethics

2011 WORLD’S MOST ETHICAL COMPANIES:

Aerospace • Indra Sistemas• Rockwell Collins Inc.• The Aerospace

Corporation

Apparel • Adidas• Comme Il Faut• Gap• Patagonia• Timberland

2011 WORLD’S MOST ETHICAL COMPANIES

Automotive• Cummins• Denso• Ford Motor Company• Johnson Controls

Banking• Australia and New Zealand

Banking Group• National Australia Bank• Rabobank• Standard Chartered Bank• The Westpac Group


Business Services• Accenture• Dun & Bradstreet• Noblis

Construction and Engineering

• CRH• Granite Construction• Parsons Corporation

Chemicals• Ecolab

• JM Huber

Business Services Accenture•Dun & Bradstreet•Noblis


Computer Software• Adobe Systems• Microsoft• Salesforce.com• Symantec Corporation• Teradata Corporation

Energy and Utilities• Encana• Statoil• NextEra Energy, Inc.• Northumbrian Water• Vestas Wind• Wisconsin Energy

Corporation


Financial Services• American Express• Housing Development

Finance Corp• NYSE Euronext• The Hartford Financial

Services Group

Hotels, Travel and Hospitality• Kimpton Hotels• Marriott International• The Rezidor Hotel Group• Wyndham Worldwide


Industrial Manufacturing• Caterpillar• Deere & Company• Eaton Corporation• Milliken & Company• Schneider Electric

Specialty Retail• Best Buy Co.• Hennes & Mauritz• Sonae• Target• Ten Thousand Villages


Telecom Hardware• Avaya Inc.• Cisco Systems• Juniper Networks

Telecom Services• Singapore Telecom• Swisscom• T-Mobile USA

Real Estate • British Land plc• Jones Lang LaSalle• Unibail-Rodamco

Forestry, Paper and Packaging • International Paper• Stora Enso Oyj• SCA

http://ethisphere.com/past-wme-honorees/wme2011/

Six major benefits to establishing a Business Ethics program:

1. Public Image2. Restored Investor Confidence3. Prevention and Reduction of Criminal

Penalties4. Preventing civil lawsuits5. Employee Retention6. Market Leadership 7. Setting the example

HOW DOES MY COMPANY CREATE AN ETHICAL ENVIRONMENT?

• There are five phases to developing an ethical corporate culture and specifically a business ethics program:

1. Assessment2. Program Development 3. Program Implementation4. Re-assessment and Modification 5. Evaluation(http://www.leader-values.com/Content/

detail.asp?ContentDetailID=242)

Sponsoring Organization Name Observations

Ethisphere World's Most Ethical CompaniesLarge companies tend to win

CSRNetwork Accountability Rating 2007

Ranks Fortune Global 100 companies

Observer Newspaper Good Company GuideTop 20 ethical firms in FTSE 350 index

St. James Ethics Centre Corporate Responsibility Index250 top Australian business firms

Corporate Knight Magazine Canada's Best 50 Corporate Citizens100 largest publicly traded companies

Globe & Mail's Report on Business Corporate Social Responsibility

five specific industries of Canadian investors

Business Ethics magazine 100 Best Corporate CitizensRanks publicly listed firms in the US

Business in the Community Corporate Responsibility Indexcompanies throughout UK;

Jane Goodall Institute Global Leadership AwardsUnclear who can participate

International Rescue Committee Corporate Responsibility AwardUnclear which companies are eligible

Corporate Responsibility Officer Magazine

10 Best Corporate Citizens by Industry

Chemical, Energy, Financial, Media and Utilities

Better Business Bureau BBB International Torch Awards

goods , services ,retail/wholesale markets; two awards for Marketplace Excellence & Advancing Marketplace Trust

1. Kimberly-Clark Receives 2011 American Business Ethics Awards

• Kimberly- Clark 's robust Code of Conduct, which is available in 27 languages, focuses on the higher standard of doing the right thing, not just that which is legally required. To stress the importance of living by the Code, Kimberly- Clark requires formal training, team leader coaching, and publishes "Ethical Moments" – a series of articles which focus solely on the ethical dilemmas the company's employees may encounter in the workplace. Every day, 1.3 billion people – nearly a quarter of the world's population – trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being.

• With brands such as Kleenex, Scott, HUGGIES, Pull-Ups, Kotex and Depend, Kimberly- Clark holds No. 1 or No. 2 share positions in more than 80 countries.

http://finance.yahoo.com/news/Kimberly-Clark-Receives-2011-prnews-784286001.html

Warren Buffet’s rule of thumb for ethical conduct

• “…I want employees to ask themselves (when they are in doubt about whether a particular conduct is ethical or not) whether they are willing to have any contemplated act appear the next day on the front page of their local paper – to be read by their spouses, children and friends – with the reporting done by an informed and critical reporter.” [Berkshire Hathaway’s code of ethics]

An earthquake in India January 6, 2001

An electricity substation serving the region of Kutch was badly damaged - and the Gujarat Electricity Board (GEB) could not provide power for rescue efforts and medical centers.

ABB was one of the first companies to respond, helping to restore supplies before the monsoon rains

ABB service engineers and doctor were sent to the region ABB India donated shelters and materials Every ABB employee in India voluntarily contributed one day’s wages to the

earthquake relief fund.

Mike Duke, President and CEOWalmart

• A strong commitment to ethics and integrity isn’t just the right way to do business. It’s how we earn the trust and respect that is critical to our success, and our ability to help more people live better. Our customers trust us to be their advocate. Our suppliers trust us to be an equitable partner. And as Walmart associates, we trust each other to uphold the highest standards of conduct every day.

2.India’s Infosys: A organisation known for attaining both ethical excellence and business success in a developing country

• Infosys Opens NASDAQ, Co-Founder Moves Up to Chief Mentor PostN. R. Narayana Murthy is as well known as a promoter of corporate governance reform and excellent corporate workplace ethical practices, as he is as the co-founder of Infosys technologies ltd., The Mysore-based company that is one of India's new technology leaders. Murthy is relinquishing key executive positions in the company & is co-founded in 1982 to become the enterprise’s chief mentor. Much like bill gates at Microsoft, Murthy has pioneered a technology revolution. Infosys, which employs over 58,000 people worldwide, provides consulting and IT services. His approach to corporate governance and workplace values has been no less influential on the most dynamic and successful technology companies in India

3.Tata Motors and Tata Steel • Tata Motors and Tata Steel -- have emerged as the

country's most admired companies for their corporate social responsibility initiatives, says a survey. According to a survey by global consultancy firm, The Nielsen, Reliance Industries is on the top followed by Tata Motors and Tata Steel as the most admired companies by stakeholders for their CSR initiatives.

• The companies have been engaged in various CSR activities such as promotion of primary and higher education among adults and economically disadvantaged sections of society, improving health care infrastructure and increasing environmental consciousness in the country

4. Wipro gets PHDCCI's Ethics in Business AwardOur Corporate Bureau 30 November 2002 • Mumbai: Wipro has been awarded the “Ethics is Good

Business” award for the Year 2002. The award, instituted by the Punjab, Haryana and Delhi Chamber of Commerce and Industry (PHDCCI), recognizes Wipro’s ethics and value-based business performance.

• Wipro has compiled an "Integrity Manual" that defines the way Wiproites should deal with their customers. Wipro has also introduced a helpline known as “Wipro SOS”. This helpline comprises senior members of the company, like Chairman Azim Premji, who are available for guidance on any moral, legal or ethical issues that a Wiproite may face

5. Press release, 3 November 2004 Reliance Industries ranks No.2 in 'India's Most Respected Companies'• Reliance emerges as India's 'Most Dynamic

Organization' Reliance Industries ranks No.2 in 'India's Most Respected Companies' survey - India's Most Respected Companies Survey IMRB International - Business world, 2004.

• RIL is the first and only private sector company from India to feature in the 2004 Fortune Global 500 list of 'World's Largest Corporations' and ranks amongst the world's Top 200 companies in terms of profits. RIL also emerged as the only Indian company in the list of global companies that create most value for their shareholders.

6.Thursday, 3 September, 1998 Infosys Technologies is chosen Company of the Year

• The Economic Times today announced its Awards for Corporate Excellence, in consonance with its philosophy of recognizing and celebrating business at its best. The company has arguably pioneered in India the concept of valuing intellectual capital, and has aggressively attempted to introduce employee stock options - it, however, has an employee stock offer plan in place for five years now. Infosys is expected to be the first Indian company to have its shares listed on an American stock exchange

7.``Ethics in business has to reflect ethics in society' Our Bureau Kolkata, June 22

• Mr. S.M. Dutta, Chairman, Castrol India Ltd, and former Chairman of HLL said that, “Ethics was such an inborn concept that all of it cannot be contained in our law. Nobody teaches us ethics; no formal instructions as such, and we are just left to learn it through experimentation. While admitting that the primary task of business was to create wealth by adding economic value to society, the ethical dimension of business has to rest on the three key aspects of "legitimacy, equitability and transparency".

•

8.“ONGC's Communication on Progress on Global Compact” Date: 2005/7/19

Contact person: Mr. Saket Gupta, Supdt. Engineer (E&T)

• Our corporate mission also explicitly requires us to maintain high standards of business ethics and to enrich the quality of community life through our commitment to Safety, Health and the Environment. Because we are a public sector corporation, an integral part of our business is reaching out to the community. We have a Corporate Citizenship Policy, administered by our HR Department. It has its own budget, funded from a percentage of our profits; the figure is substantial.

8.Ranbaxy• Founded in 1962, Ranbaxy is India’s largest pharmaceutical

company. The company is now moving from a generic company to a research oriented company and it is at the same time increasing its international presence. It manages operations with a high concern for safety and the environment. It stresses the fact that the company is a responsible corporate citizen. As a responsible corporate citizen, Ranbaxy ensures transparency in their dealings with enforcement agencies, and extends their co-operation to officers of statutory bodies for the purpose of audits and inspections. The company also urges its employees to avoid actions or relationships that might conflict with their job responsibilities, or the interests of Ranbaxy.As for the environment, it ensures responsible consumption of natural resources through processes that are eco-friendly.

9. Reliance Industries Limited• Reliance is India’s largest private sector enterprise and it plays a

major role in India’s petrochemicals sector. Reliance has India’s largest marketing network and all its brands are market leaders. As for business ethics practices, Reliance stresses environmental responsibility. The company has its own set of environmental policies and the policies are available to the public.

• Prevent pollution, maximize recycling, and reduce wastes, discharges and emissions.

• Conserve natural resources by their responsible and efficient use in all our operations.

• Plant trees, develop green belt and promote lush green surroundings at manufacturing locations to work in harmony with nature.

• Emphasize every employee’s responsibility in environmental performance; ensure appropriate operating practices and training.

• Promote awareness among contractors, suppliers and customers for shared responsibility towards environment protection.

Infosys• Founded in 1981 by a former socialist, It is located

in Bangalore Infosys has become a well-known player in the software industry for its ethical business practices and generous treatment of employees. Its books are open to investors, it offers a stock option plan to employees, and it was the first Indian company to be listed on a U.S. stock exchange. "We certainly find it useful to benchmark ourselves against companies like Infosys," said the chairman of Hindustan Lever, the Indian subsidiary of personal care products giant Unilever

Indian Petrochemicals Corporation Limited (IPCL)

• Indian Petrochemicals Corporation Limited, established in 1969, is the pioneering petrochemical company in India, and one of the leading petrochemical companies. Its products include polymers, synthetic fiber, solvents, surfactants, catalysts and adsorbents. The company is backed by strong R&D and is continuously innovating its processes and products. Outside its business, the company is known for its rural development programs. The program sets up low cost sanitation facilities to rural families and provides school buildings, books, library furniture, playgrounds, and a subsidized bus service for school children. It also supports environmental preservation, constructs primary health centers, provides ambulances and trains people in primary health care. Furthermore, IPCL also provides technical assistance to the National Institute for the Blind and camps for social welfare

Ballarpur Chini Mills Limited

• Balrampur is India’s premier sugar company. It maintains a set of ethical standards and emphasizes the following:

• • Integrity: "We demand of ourselves and others the highest ethical

standards."• Respect for People: Balrampur contributes its success today to its

people and is committed to treating its people with dignity.• Community: One of the company’s goals is to focus not only on its

earnings but also on its efforts to make the world a better place to live.

• Transparency: Balrampur strives to maintain global standards of corporate transparency, and to increase shareholder confidence in management.

Mitsubishi Corporation

• Mitsubishi Corporation, one of the major global enterprises, conducts various businesses in India including marine product trading and automotive parts. The company is committed to serving the welfare of world and local communities. The company set up a Committee for Philanthropy in 1991 to come up with ways to make corporate responsibility to society a part of the company’s activities. In addition, the Mitsubishi International Corporation Foundation was also established to help serve the educational needs of economically disadvantaged young people. Environmental responsibility is also an integral part of Mitsubishi’s corporate philosophy. The company has its own internal environmental guidelines for business activities and has formulated an Environmental Charter that follows the international standard for environmental management systems.

187753414 Corporate Ethics

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