Construction machinery manufacturer, John Deere, is once again honored as one of the most ethical companies in the world by Ethisphere Institute, which defines and advances the standards of ethical practices in business.
In its 11th year, the listing has included John Deere among the companies named every year to the honor. This year, the 124 companies chosen for the honor come from 52 industry sectors in 19 countries.
Commenting on the award, John Deere CEO and chairman Sam Allen said:
“Integrity is an important core value at John Deere that we emphasize throughout our business with all employees. We continue to seek the highest ethical standards as we know this is one reason John Deere is celebrating 180 years of doing business.”
The assessment for the award is based on the Ethics Quotient framework by Ethisphere Institute that uses a quantitative method to evaluate a company’s performance. Basically, a company is assessed in different key categories, such as ethics, compliance, corporate responsibility and citizenship, corporate culture, leadership, governance, reputation, and innovation. Ethisphere’s CEO Timothy Erblich stated: