Completing the World’s Most Ethical Companies process is considered to be extremely valuable by past participants, regardless of the recognition that may or may not come from it. The application process enables organizations to understand the elements of an effective program and to also compare their approach to leading practices. It also provides opportunities for ethics and compliance teams to collaborate with other key stakeholders across business functions and work together to answer certain questions.
Upon completing the process, applicants receive a scorecard which outlines their evaluation scores as they compare to honorees. Companies have found this information to be valuable for establishing priorities, celebrating their strengths, building a business case for additional budget, and focusing their teams. The scorecard also includes exclusive data and insights only available to applicants, and links to valuable, curated resources to help improve their programs.
In addition to the scorecard, applicants who are not members of Ethisphere’s Business Ethics Leadership Alliance (BELA)¬¬ will receive a three-month Associate level membership, enabling participation in a member roundtable and providing access to the member hub featuring organization-contributed materials, and exclusive research, masterclasses, reports and more.
BELA is a community of global organizations that collaborate on best practices for ethics, compliance, and governance made up of more than 340 members and their teams.
Applicants who are BELA members also receive a scorecard with exclusive insights and data comparing their scores to those of honorees, along with a more in-depth benchmarking that provides further insights and guidance.
Applicants with exceptional program elements may also be selected to be featured in Ethisphere Magazine and other Ethisphere platforms, such as our Global Ethics Summit.
Whether an organization applies or not, a robust ethics and compliance program is good business. Our years of data shows that those with strong programs in place outperform, which we call the Ethics Premium. Investors understand this, and importantly, employees, customers and other stakeholders value working with organizations rooted in integrity.