Amid an ongoing merger with Fujifilm, Xerox has been boosted by being recognised as one of the world's most ethical companies for the 12th straight year.
The recognition, awarded by Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, has been given to Xerox every year since 2006. The company is one of only two honourees in the Information Technology Services industry. The company says that this underscores its commitment to leading with integrity and prioritising ethical business practices.
In 2018, 135 honourees have been recognised, spanning 23 countries and 57 industries. The 12th annual list 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 honourees.
“Every decision we make and every action we take should demonstrate our unwavering commitment to ethical business conduct,” said Xerox CEO Jeff Jacobson. “Our continued recognition by Ethisphere is a reflection of that promise.”
“Global corporations operating with a common rule of law are now society’s strongest voice 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.
The World's Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient framework, which offers a quantitative way to assess a company’s performance in aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (corporate citizenship and responsibility), culture of ethics, governance and leadership, innovation and reputation. All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organisations.