DEARBORN, Mich., March 22 /PRNewswire-FirstCall/ -- Ford Motor Company (NYSE: F) has been recognized as one of the world's most ethical companies by the Ethisphere Institute, a leading business ethics think tank.
Ford is among 100 global companies chosen for the designation from a field of thousands of companies in more than 100 countries and 36 industries. Ford is the only automaker to receive the honor in 2010. The results are based on an extensive review of companies' social responsibility efforts, corporate governance and business practices.
"Ford Motor Company is honored and pleased to receive this recognition," said Ford Executive Chairman Bill Ford. "At Ford, we're not only committed to making great products and building a strong business, we believe in contributing to a better world and doing business in an ethical way."
This is the fourth year Ethisphere has published its list of the world's most ethical companies. The firm is dedicated to the creation, advancement and sharing of best practices in business ethics, social responsibility, anti-corruption and sustainability.
"Ford's promotion of a sound ethical environment shines within its industry and shows a clear understanding that operating under the highest standards for business behavior goes beyond goodwill and lip service and is intimately linked to performance and profitability," said Alex Brigham, executive director of the Ethisphere Institute. "This year's award was more competitive than ever, because companies realize that making ethics a priority is critical in a tough and unprecedented economic environment."
The criteria researchers and analysts followed included:
- A review of each company's codes of ethics, litigation and regulatory infraction histories
- An evaluation of investment in innovation and sustainable business practices
- A look into activities designed to improve corporate citizenship
- Input through nominations from senior executives, industry peers, suppliers and customers.
Information was provided to the Institute through formal questionnaires and through additional independent research.
"This honor underscores the efforts by the men and women at Ford Motor Company who diligently and consistently work every day to do the right thing on behalf of all of our stakeholders," Bill Ford said.
The complete list of the 2010 World's Most Ethical Companies can be found at http://ethisphere.com/wme-2010.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 198,000 employees and about 90 plants worldwide, the company's automotive brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com.
About Ethisphere Institute
The research-based Ethisphere Institute is a leading international think tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti corruption and sustainability. The Institute's associated membership group, the Ethisphere Council, is a forum for business ethics that includes over 200 leading corporations, universities and institutions. The Ethisphere Council is dedicated to the development and advancement of individuals on its membership council through increased efficiency, innovation, tools, mentoring, advice, and unique career opportunities. Ethisphere magazine, which publishes the globally recognized World's Most Ethical Companies Ranking™, is the quarterly publication of the Institute. More information on the Ethisphere Institute, including ranking projects and membership, can be found at www.ethisphere.com.
SOURCE Ford Motor Company