WESTCHESTER, Illinois, U.S. — Ingredion Incorporated has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World's Most Ethical Company.
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, shape future industry standards by introducing tomorrow's best practices today.
Ingredion has been recognized since 2014 and is one of only four honorees in the food, beverage and agriculture category underscoring the company's commitment to leading ethical business standards and practices.
"It is an honor to be named one of the World's Most Ethical Companies for the third consecutive year. We continually strive to uphold the highest ethical standards and maintain a culture of compliance and this recognition is a testament of our success," said Ilene Gordon, Ingredion’s chief executive officer (CEO).
"Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior,” said Ethisphere's CEO Timothy Erblich. “Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage. Congratulations to everyone at Ingredion for being recognized as a World's Most Ethical Company."
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient(TM) (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%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
For the full list of the 2016 World's Most Ethical Companies, click here.