BENTON HARBOR, Mich.,
Feb. 20, 2018 /PRNewswire/
-- Whirlpool Corporation, the world's leading major
home appliance company, is recognized by the Ethisphere Institute,
a global leader in defining and advancing the standards of ethical
business practices, as one of the 2018 World's Most Ethical
Companies.
Whirlpool Corporation has been recognized twice and is the only
honoree in the appliances industry, underscoring its commitment to
leading with integrity and prioritizing ethical business
practices.
"We are proud of this recognition," said Marc Bitzer, Whirlpool Corporation CEO. "For
over a century, Whirlpool Corporation has lived its values,
honoring our mission to earn trust with all stakeholders. This
acknowledgment of integrity reflects our commitment to doing
business the right way, and we will continue that practice for
decades to come."
In 2018, 135 honorees were recognized, spanning 24 countries and
57 industries. The twelfth class of honorees had record levels of
involvement with their stakeholders and their communities around
the world. Measuring and improving culture, leading authentically
and committing to transparency, diversity and inclusion were all
priorities for honorees.
"While the discourse around the world changed profoundly in
2017, a stronger voice emerged. Global corporations operating
with a common rule of law are now society's strongest force to
improve the human condition. This year we saw companies
increasingly finding their voice. The World's Most Ethical
Companies in particular continued to show exemplary leadership,"
explained Ethisphere CEO, Timothy
Erblich. "I congratulate everyone at Whirlpool Corporation
for being recognized as one of the World's Most Ethical
Companies."
Methodology & Scoring
The World's Most Ethical
Companies assessment is based upon the Ethisphere Institute's
Ethics Quotient® (EQ) framework, which offers a
quantitative way to assess a company's performance in an objective,
consistent and standardized manner. 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). All companies that participate in the assessment
process receive their scores, providing them with valuable insights
into how they stack up against leading organizations.
Ethics & Performance
Once again, the 2018 World's Most Ethical Companies have proven
that operating with integrity leads to greater financial
performance. Research has found that, when indexed, listed World's
Most Ethical Companies outperformed the U.S. Large Cap Index over
five years by 10.72 percent and over three years by 4.88 percent.
Ethisphere refers to this as the Ethics Premium.
Honorees
The full list of the 2018 World's Most
Ethical Companies can be found at
https://worldsmostethicalcompanies.com/honorees
Best practices and insights from the 2018 honorees will be
released in a report and webcast in March and April of this year.
Sign up to receive the report.
About Whirlpool Corporation
Whirlpool
Corporation (NYSE: WHR) is the number one major appliance
manufacturer in the world, with approximately $21 billion in annual sales, 92,000 employees and
70 manufacturing and technology research centers in 2017. The
company markets Whirlpool, KitchenAid, Maytag,
Consul, Brastemp, Amana, Bauknecht,
Jenn-Air, Indesit and other major brand names in
nearly every country throughout the world. Additional information
about the company can be found at WhirlpoolCorp.com, or find us on
Twitter at @WhirlpoolCorp.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies enhance
corporate character and measure and improve culture. Ethisphere
honors superior achievement through its World's Most Ethical
Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
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SOURCE Whirlpool Corporation