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Ethisphere Institute Announces 135 Companies Honored as World's Most Ethical Companies


The Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, today announced 135 companies spanning 23 countries and 57 industries as the 2018 World’s Most Ethical Companies ®.

This press release features multimedia. View the full release here:

Since 2007, Ethisphere has honored those companies who recognize their critical role to influence and drive positive change in the business community and societies around the world and work to maximize their impact wherever possible. In 2017, we saw a profound change in the discourse around the world, but as part of that disruption we also saw global companies emerge as society’s leading voice to advance the human condition.

Values-based leadership leaped to the forefront of business strategy, and companies increasingly discussed their purpose in broad, community-focused terms. Diversity and inclusion, investment and long-term commitment, and constructive use of a company’s voice are now the hallmarks of what stakeholders are expecting and investors are rewarding.

The 2018 World’s Most Ethical Companies responded to this opportunity with alacrity. Record metrics of community support and innovative ways to engage and inspire employees, customers and stakeholders typified this year’s honoree.

“Over the last 12 years, we have repeatedly seen that those companies who focus on transparency and authenticity are rewarded with the trust of their employees, their customers and their investors. While negative headlines might grab attention, the companies who support the rule of law and operate with decency and fair play around the globe will always succeed in the long term,” explained Ethisphere CEO, Timothy Erblich. “Congratulations to all of the 2018 honorees.”

Ethisphere’s notion that financial value and ethics are inexorably tied together has been borne out through long-term tracking of how the stock prices of publicly traded honorees compare to the U.S. Large Cap Index. The research found that listed World’s Most Ethical Companies outperformed the large cap sector over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.

“We are honored to be listed among the World’s Most Ethical Companies for the fifth consecutive year,” said Dell Technologies Chairman and CEO, Michael Dell. “Ethics and integrity matter at Dell. We work hard to earn our customers’ trust, improve our communities and inspire our team members through sound, ethical decision-making. Because at Dell, how we do our work is just as important as the results we achieve.”

“Responsible business is a fundamental part of Volvo Cars’ culture and way of operating, and something we continuously promote internally as well as with our business partners,” said Volvo Cars President and CEO, Håkan Samuelsson. “An ethical approach to business is not only the right thing to do, but also brings financial value and helps attract and retain the best talent. We are proud that we have been recognised as one of the World’s Most Ethical Companies for the second consecutive year.”

"Integrity should not only be understood as compliance with the law, rules and procedures; it goes beyond that – it is part of the culture. Ethics is good for business, as it strengthens morale, improves efficiency and sustains the most important asset for any market: trust,” said Grupo Bimbo CEO, Daniel Servitje.

“At Microsoft, trust and integrity are core to our values and critical to our success. We’re passionate about applying the power of technology to improve our world, and that starts with doing business in a way that builds and maintains trust with our customers,” said Microsoft President, Brad Smith. “Microsoft is honored to be named once again to the World’s Most Ethical Companies by Ethisphere because it reflects our passion to make a lasting impact on the world around us.”

Celebratory Gala Dinner

PepsiCo Chairperson and CEO, Indra Nooyi, will deliver the Keynote Address at the 2018 World’s Most Ethical Companies Gala on March 13 at Cipriani 42nd Street®. Nooyi, CEO since 2006, is the chief architect of Performance with Purpose, PepsiCo’s pledge to do what is right for the business by being responsive to the needs of the world. To learn more or register for the Gala, please click here.


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 who participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.

About Ethisphere

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 from our Ethics Quotient®, and works with the world’s largest companies to enhance culture capital with the insights from our culture assessment data set, which is grounded in our 8 Pillars of Ethical 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

Contact information

Clea Nabozny, 480-397-2658
Twitter @Ethisphere

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