Corporate Ethics

2011 WORLDS MOST ETHICAL COMPANIES:

Aerospace
Indra Sistemas Rockwell Collins Inc. The Aerospace Corporation

Apparel
Adidas Comme Il Faut Gap Patagonia Timberland

2011 WORLDS MOST ETHICAL COMPANIES

Automotive
Cummins Denso Ford Motor Company Johnson Controls

Banking
Australia and New Zealand Banking Group National Australia Bank Rabobank Standard Chartered Bank The Westpac Group

2011 WORLDS MOST ETHICAL COMPANIES

Business Services
Accenture Dun & Bradstreet Noblis
Construction and Engineering

CRH Granite Construction Parsons Corporation

Chemicals
Ecolab JM Huber

Business Services Accenture Dun & Bradstreet Noblis

2011 WORLDS MOST ETHICAL COMPANIES

Computer Software
Adobe Systems Microsoft Salesforce.com Symantec Corporation Teradata Corporation

Energy and Utilities

Encana Statoil NextEra Energy, Inc. Northumbrian Water Vestas Wind Wisconsin Energy Corporation

2011 WORLDS MOST ETHICAL COMPANIES

Financial Services
American Express Housing Development Finance Corp NYSE Euronext The Hartford Financial Services Group

Hotels, Travel and Hospitality

Kimpton Hotels Marriott International The Rezidor Hotel Group Wyndham Worldwide

2011 WORLDS MOST ETHICAL COMPANIES

Industrial Manufacturing
Caterpillar Deere & Company Eaton Corporation Milliken & Company Schneider Electric

Specialty Retail
Best Buy Co. Hennes & Mauritz Sonae Target Ten Thousand Villages

2011 WORLDS MOST ETHICAL COMPANIES

Telecom Hardware
Avaya Inc. Cisco Systems Juniper Networks

Telecom Services
Singapore Telecom Swisscom T-Mobile USA

Real Estate
British Land plc Jones Lang LaSalle Unibail-Rodamco

Forestry, Paper and Packaging

International Paper Stora Enso Oyj SCA

http://ethisphere.com/past-wme-honorees/wme2011/

Six major benefits to establishing a Business Ethics program:

1. Public Image 2. Restored Investor Confidence 3. Prevention and Reduction of Criminal Penalties 4. Preventing civil lawsuits 5. Employee Retention 6. Market Leadership 7. Setting the example

 There are five phases to developing an ethical corporate culture and specifically a business ethics program: 1. Assessment 2. Program Development 3. Program Implementation 4. Re-assessment and Modification 5. Evaluation (http://www.leadervalues.com/Content/detail.asp?ContentDetailID =242)

HOW DOES MY COMPANY CREATE AN ETHICAL ENVIRONMENT?

Sponsoring Organization Ethisphere CSRNetwork Observer Newspaper St. James Ethics Centre Corporate Knight Magazine

Name World's Most Ethical Companies

Observations Large companies tend to win Ranks Fortune Global 100 companies

Accountability Rating 2007 Top 20 ethical firms in FTSE 350 index Good Company Guide 250 top Australian business firms Corporate Responsibility Index 100 largest publicly traded companies Canada's Best 50 Corporate Citizens five specific industries of Canadian investors

Globe & Mail's Report on Business Corporate Social Responsibility Business Ethics magazine Business in the Community Jane Goodall Institute International Rescue Committee Corporate Responsibility Officer Magazine 100 Best Corporate Citizens Corporate Responsibility Index Global Leadership Awards Corporate Responsibility Award 10 Best Corporate Citizens by Industry Chemical, Energy, Financial, Media and Utilities goods , services ,retail/wholesale markets; two awards for Marketplace Excellence & Advancing Marketplace Trust Unclear who can participate Unclear which companies are eligible Ranks publicly listed firms in the US companies throughout UK;

Better Business Bureau

BBB International Torch Awards

1. Kimberly-Clark Receives 2011 American Business Ethics Awards

Kimberly- Clark 's robust Code of Conduct, which is available in 27 languages, focuses on the higher standard of doing the right thing, not just that which is legally required. To stress the importance of living by the Code, Kimberly- Clark requires formal training, team leader coaching, and publishes "Ethical Moments" a series of articles which focus solely on the ethical dilemmas the company's employees may encounter in the workplace. Every day, 1.3 billion people nearly a quarter of the world's population trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, HUGGIES, Pull-Ups, Kotex and Depend, Kimberly- Clark holds No. 1 or No. 2 share positions in more than 80 countries.
http://finance.yahoo.com/news/Kimberly-Clark-Receives-2011-prnews-784286001.html

Warren Buffets rule of thumb for ethical conduct

I want employees to ask themselves (when they are in doubt about whether a particular conduct is ethical or not) whether they are willing to have any contemplated act appear the next day on the front page of their local paper to be read by their spouses, children and friends with the reporting done by an informed and critical reporter. [Berkshire Hathaways code of ethics]

An earthquake in India January 6, 2001

An electricity substation serving the region of Kutch was badly damaged - and the Gujarat Electricity Board (GEB) could not provide power for rescue efforts and medical centers.

ABB was one of the first companies to respond, helping to restore supplies before the monsoon rains ABB service engineers and doctor were sent to the region ABB India donated shelters and materials Every ABB employee in India voluntarily contributed one days wages to the earthquake relief fund.

Mike Duke, President and CEO Walmart

A strong commitment to ethics and integrity isnt just the right way to do business. Its how we earn the trust and respect that is critical to our success, and our ability to help more people live better. Our customers trust us to be their advocate. Our suppliers trust us to be an equitable partner. And as Walmart associates, we trust each other to uphold the highest standards of conduct every day.

2.Indias Infosys: A organisation known for attaining both ethical

excellence and business success in a developing country

Infosys Opens NASDAQ, Co-Founder Moves Up to Chief Mentor Post

N. R. Narayana Murthy is as well known as a promoter of corporate governance reform and excellent corporate workplace ethical practices, as he is as the co-founder of Infosys technologies ltd., The Mysore-based company that is one of India's new technology leaders. Murthy is relinquishing key executive positions in the company & is co-founded in 1982 to become the enterprises chief mentor. Much like bill gates at Microsoft, Murthy has pioneered a technology revolution. Infosys, which employs over 58,000 people worldwide, provides consulting and IT services. His approach to corporate governance and workplace values has been no less influential on the most dynamic and successful technology companies in India

3.Tata Motors and Tata Steel

Tata Motors and Tata Steel -- have emerged as the country's most admired companies for their corporate social responsibility initiatives, says a survey. According to a survey by global consultancy firm, The Nielsen, Reliance Industries is on the top followed by Tata Motors and Tata Steel as the most admired companies by stakeholders for their CSR initiatives. The companies have been engaged in various CSR activities such as promotion of primary and higher education among adults and economically disadvantaged sections of society, improving health care infrastructure and increasing environmental consciousness in the country

4. Wipro gets PHDCCI's Ethics in Business Award Our Corporate Bureau 30 November 2002 Mumbai: Wipro has been awarded the Ethics is Good Business award for the Year 2002. The award, instituted by the Punjab, Haryana and Delhi Chamber of Commerce and Industry (PHDCCI), recognizes Wipros ethics and value-based business performance. Wipro has compiled an "Integrity Manual" that defines the way Wiproites should deal with their customers. Wipro has also introduced a helpline known as Wipro SOS. This helpline comprises senior members of the company, like Chairman Azim Premji, who are available for guidance on any moral, legal or ethical issues that a Wiproite may face

5. Press release, 3 November 2004 Reliance Industries ranks No.2 in 'India's Most Respected Companies'
Reliance emerges as India's 'Most Dynamic Organization' Reliance Industries ranks No.2 in 'India's Most Respected Companies' survey - India's Most Respected Companies Survey IMRB International Business world, 2004. RIL is the first and only private sector company from India to feature in the 2004 Fortune Global 500 list of 'World's Largest Corporations' and ranks amongst the world's Top 200 companies in terms of profits. RIL also emerged as the only Indian company in the list of global companies that create most value for their shareholders.

6.Thursday, 3 September, 1998 Infosys Technologies is chosen Company of the Year

The Economic Times today announced its Awards for Corporate Excellence, in consonance with its philosophy of recognizing and celebrating business at its best. The company has arguably pioneered in India the concept of valuing intellectual capital, and has aggressively attempted to introduce employee stock options it, however, has an employee stock offer plan in place for five years now. Infosys is expected to be the first Indian company to have its shares listed on an American stock exchange

7.``Ethics in business has to reflect ethics in society' Our Bureau Kolkata, June 22
Mr. S.M. Dutta, Chairman, Castrol India Ltd, and former Chairman of HLL said that, Ethics was such an inborn concept that all of it cannot be contained in our law. Nobody teaches us ethics; no formal instructions as such, and we are just left to learn it through experimentation. While admitting that the primary task of business was to create wealth by adding economic value to society, the ethical dimension of business has to rest on the three key aspects of "legitimacy, equitability and transparency".

8.ONGC's Communication on Progress on Global Compact Date: 2005/7/19 Contact person: Mr. Saket Gupta, Supdt. Engineer (E&T)

Our corporate mission also explicitly requires us to maintain high standards of business ethics and to enrich the quality of community life through our commitment to Safety, Health and the Environment. Because we are a public sector corporation, an integral part of our business is reaching out to the community. We have a Corporate Citizenship Policy, administered by our HR Department. It has its own budget, funded from a percentage of our profits; the figure is substantial.

8.Ranbaxy
Founded in 1962, Ranbaxy is Indias largest pharmaceutical company. The company is now moving from a generic company to a research oriented company and it is at the same time increasing its international presence. It manages operations with a high concern for safety and the environment. It stresses the fact that the company is a responsible corporate citizen. As a responsible corporate citizen, Ranbaxy ensures transparency in their dealings with enforcement agencies, and extends their co-operation to officers of statutory bodies for the purpose of audits and inspections. The company also urges its employees to avoid actions or relationships that might conflict with their job responsibilities, or the interests of Ranbaxy.As for the environment, it ensures responsible consumption of natural resources through processes that are eco-friendly.

9. Reliance Industries Limited

Reliance is Indias largest private sector enterprise and it plays a major role in Indias petrochemicals sector. Reliance has Indias largest marketing network and all its brands are market leaders. As for business ethics practices, Reliance stresses environmental responsibility. The company has its own set of environmental policies and the policies are available to the public. Prevent pollution, maximize recycling, and reduce wastes, discharges and emissions. Conserve natural resources by their responsible and efficient use in all our operations. Plant trees, develop green belt and promote lush green surroundings at manufacturing locations to work in harmony with nature. Emphasize every employees responsibility in environmental performance; ensure appropriate operating practices and training. Promote awareness among contractors, suppliers and customers for shared responsibility towards environment protection.

Infosys
Founded in 1981 by a former socialist, It is located in Bangalore Infosys has become a wellknown player in the software industry for its ethical business practices and generous treatment of employees. Its books are open to investors, it offers a stock option plan to employees, and it was the first Indian company to be listed on a U.S. stock exchange. "We certainly find it useful to benchmark ourselves against companies like Infosys," said the chairman of Hindustan Lever, the Indian subsidiary of personal care products giant Unilever

Indian Petrochemicals Corporation Limited (IPCL)

Indian Petrochemicals Corporation Limited, established in 1969, is the pioneering petrochemical company in India, and one of the leading petrochemical companies. Its products include polymers, synthetic fiber, solvents, surfactants, catalysts and adsorbents. The company is backed by strong R&D and is continuously innovating its processes and products. Outside its business, the company is known for its rural development programs. The program sets up low cost sanitation facilities to rural families and provides school buildings, books, library furniture, playgrounds, and a subsidized bus service for school children. It also supports environmental preservation, constructs primary health centers, provides ambulances and trains people in primary health care. Furthermore, IPCL also provides technical assistance to the National Institute for the Blind and camps for social welfare

Ballarpur Chini Mills Limited

Balrampur is Indias premier sugar company. It maintains a set of ethical standards and emphasizes the following: Integrity: "We demand of ourselves and others the highest ethical standards." Respect for People: Balrampur contributes its success today to its people and is committed to treating its people with dignity. Community: One of the companys goals is to focus not only on its earnings but also on its efforts to make the world a better place to live. Transparency: Balrampur strives to maintain global standards of corporate transparency, and to increase shareholder confidence in management.

Mitsubishi Corporation
Mitsubishi Corporation, one of the major global enterprises, conducts various businesses in India including marine product trading and automotive parts. The company is committed to serving the welfare of world and local communities. The company set up a Committee for Philanthropy in 1991 to come up with ways to make corporate responsibility to society a part of the companys activities. In addition, the Mitsubishi International Corporation Foundation was also established to help serve the educational needs of economically disadvantaged young people. Environmental responsibility is also an integral part of Mitsubishis corporate philosophy. The company has its own internal environmental guidelines for business activities and has formulated an Environmental Charter that follows the international standard for environmental management systems.