Ethisphere® Institute honours Milliken’s 150-year commitment to ‘doing good’ through ethical practices, innovation leadership and corporate citizenship
Milliken has been recognised as a 2016 World’s Most Ethical Company by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. This year marks the 10th anniversary of Ethisphere and the World’s Most Ethical Companies designation, which recognizes those companies that align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, share future industry standards by introducing tomorrow’s best practices.
Milliken is one of just 14 companies to receive this honour every year since Ethisphere’s inception in 2007 and one of 21 privately held companies to be recognized this year. A community of innovators dedicated to finding new ways to solve problems and enhance people’s lives, Milliken makes a conscious effort to instill high ethical values throughout its daily business practices. Corporate accountability, resource preservation and a shared mission to deliver innovations that ‘do good’ for the world are a few examples of why Milliken, a storied 150-year-old company, has earned this high honour for 10 consecutive years.
“The landscape of corporate ethics is changing, driven by an increasing desire for transparent relationships with companies in the industries and local communities in which they operate,” shared Joe Salley, Milliken & Company president and CEO. “Strong ethical values and a passion for meaningful innovation unite all Milliken associates worldwide.”
“Milliken’s 150 years demonstrate what few companies can: a sustainable business advantage supported by their values and commitment to ethics and innovation,” explained Ethisphere CEO Timothy Erblich. “Milliken recognizes the correlation between ethics and performance and the value this creates for its communities, customers and associates. Congratulations to everyone at Milliken for being recognized as a 2016 World’s Most Ethical Company and on your 150-year anniversary.”
Methodology and Scoring
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere’s World’s Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent) and provided to all companies who participate in the process.
The full list of the 2016 World’s Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2016 honorees will be released in the form of a whitepaper and infographics over the next few months (download the 2015 insights).