Annual recognition highlights organizations
that have demonstrated a commitment to business integrity through
robust ethics, compliance, and governance programs
MEMPHIS, Tenn., March 7, 2024 /PRNewswire/ -- International
Paper (NYSE: IP), a global producer of sustainable packaging, pulp
and other fiber-based products, received the 2024 World's Most
Ethical Companies® recognition by Ethisphere, a global leader in
defining and advancing the standards of ethical business
practices.
IP has been recognized for the eighteenth time and is one of
only two honorees in the Forestry, Paper and Packaging industry. In
2024, 136 honorees were recognized spanning 20 countries and 44
industries.
"Ethics is a core value at International Paper. We believe in
doing the right things, in the right ways, for the right reasons,
all of the time — this is The IP Way," said International Paper
Chairman and Chief Executive Officer Mark
Sutton. "Our teams hold themselves to high ethical standards
and shared principles of honesty, integrity and respect."
"This recognition is a testament to the commitment of our
leaders and team members around the world who operate every day in
a responsible and ethical manner," said Joe Saab, Senior Vice President, General Counsel
and Corporate Secretary, International Paper. "On behalf of
the entire IP team, we are honored to be recognized among the
World's Most Ethical Companies for 18 straight years."
"It's always inspiring to recognize the World's Most Ethical
Companies®. Through the rigorous review process, we see the
dedication of these organizations to continually improving their
ethics, compliance, and governance practices to the benefit of all
stakeholders," said Erica Salmon
Byrne, Ethisphere's Chief Strategy Officer and Executive
Chair. "Companies that elevate best-in-class cultures of ethics and
integrity set a standard for corporate citizenship for their peers
and competitors to follow. Congratulations to International Paper
for achieving this honor and demonstrating that strong ethics is
good business."
Ethics & Performance: The Ethics Premium
The listed 2024 World's Most Ethical Companies® Honorees
outperformed a comparable index of global companies by 12.3
percentage points from January 2019
to January 2024.
Methodology & Scoring
The World's Most Ethical
Companies assessment is grounded in Ethisphere's proprietary Ethics
Quotient®, an extensive questionnaire that requires companies to
provide over 240 different proof points on their culture of ethics;
environmental, social, and governance (ESG) practices; ethics and
compliance program; diversity, equity, & inclusion; and
initiatives that support a strong value chain. That data undergoes
further qualitative analysis by Ethisphere's panel of experts who
spend thousands of hours vetting and evaluating each year's group
of applicants. This process serves as an operating framework to
capture and codify truly best-in-class ethics and compliance
practices from organizations across industries and from around the
world.
Honorees
To view the full list of this year's
honorees, please visit the World's Most Ethical Companies website,
at https://worldsmostethicalcompanies.com/honorees.
About International Paper
International Paper
(NYSE: IP) is a global producer of sustainable packaging, pulp and
other fiber-based products, and one of the world's largest
recyclers. Headquartered in Memphis,
Tenn., we employ approximately 39,000 colleagues globally
who are committed to creating what's next. We serve customers
worldwide, with manufacturing operations in North America, Latin
America, North Africa and
Europe. Net sales for 2023 were
$18.9 billion. Additional information
can be found by visiting internationalpaper.com.
About Ethisphere
Ethisphere is the global leader in
defining and advancing the standards of ethical business practices
that strengthen corporate brands, build trust in the marketplace,
and deliver business success. Ethisphere has deep expertise in
measuring and defining core ethics standards using data-driven
insights that help companies build strong cultures of ethics and
integrity. Ethisphere honors superior achievement through its
World's Most Ethical Companies® recognition program, provides a
community of industry experts with the Business Ethics Leadership
Alliance (BELA), and showcases trends and best practices in ethics
with Ethisphere Magazine. Ethisphere also advances business
performance through data-driven assessments, guidance, and
benchmarking against its unparalleled data: the Culture Quotient
dataset reflecting the ethical business practices of 3+ million
employees around the world; and the Ethics Quotient dataset,
featuring 240+ data points on the ethics, compliance, social, and
governance practices of the World's Most Ethical Companies. For
more information, visit https://ethisphere.com.
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SOURCE International Paper