MELVILLE, N.Y., March 7, 2016 /PRNewswire/ -- Henry Schein, Inc. (NASDAQ: HSIC), the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners, today announced its recognition by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World's Most Ethical Company®.
This year marks the tenth anniversary of Ethisphere and the World's Most Ethical Companies designation, which recognizes those companies who align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow's best practices today. Henry Schein is one of 131 Ethisphere honorees, representing 54 industry sectors, 21 countries, and five continents.
Henry Schein has been recognized for the fifth consecutive year and is the only honoree in the Healthcare Products category, underscoring the Company's longstanding commitment to leading ethical business standards and practices.
"We are proud to be recognized by Ethisphere as one of the World's Most Ethical Companies alongside many of the world's most successful businesses," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein, Inc. "At Henry Schein, we understand that success must be defined by more than just the bottom line. Since 1932, our Company has pursued the ideal of 'doing well by doing good.' As a result, we have created long-term economic and social value by maintaining exceptional ethical standards in our business practices and by cultivating a culture of caring."
"Henry Schein has an admirable focus on environmental sustainability in its offices and distribution centers. This effort includes a wide range of initiatives including improving efficiency of the lighting, heat and air conditioning, reducing greenhouse gas emissions, obtaining LEED certification, and more," stated Timothy Erblich, Ethisphere's Chief Executive Officer. "Schein's efforts to promote access to health care for underserved and at-risk populations around the world and its sponsorship and recognition of those who excel in promoting access reflect corporate integrity at its best. Congratulations to everyone at Henry Schein for being recognized as a 2016 World's Most Ethical Company."
Methodology & Scoring The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient™ (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere's World's Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company's performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
Honorees The full list of the 2016 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/. Best practices and insights from the 2016 honorees will be released in the form of a whitepaper and infographics over the next few months. Insights from the 2015 honorees can be downloaded here. Organizations interested in how they compare to the World's Most Ethical Companies are invited to participate in the Ethics Quotient.
About Henry Schein, Inc. Henry Schein, Inc. (NASDAQ: HSIC) is the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the S&P 500® and the NASDAQ 100® indexes, Henry Schein employs nearly 19,000 Team Schein Members and serves more than one million customers.
The Company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 110,000 branded products and Henry Schein private-brand products in stock, as well as more than 150,000 additional products available as special-order items. The Company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services.
Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 33 countries. The Company's sales reached a record $10.6 billion in 2015, and have grown at a compound annual rate of approximately 15% since Henry Schein became a public company in 1995. For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein and @HenrySchein on Twitter.
About the Ethisphere Institute The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World's Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere magazine. More information about Ethisphere can be found at: http://ethisphere.com.
SOURCE Henry Schein, Inc.