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World’s Most Ethical Companies 2011

A list of the world’s most ethical companies is out and global household appliance goods company Electrolux has been recognised as one of the World’s Most Ethical Companies 2011.

Out of 38 industries Electrolux has been ranked 110 by the Ethisphere Institute who compile an annual list of the World’s Most Ethical Companies.

Electrolux took the top spot in the Consumer Electronics category followed by Ricoh and Xerox. The worldwide company in digital office equipment, hardware and software, Ricoh features on the list for the third year in a row.

This year there are 110 companies on the World’s Most Ethical Companies list with 36 new business names joining including Microsoft and Electrolux. Other new names include The Co-Operative Group and auction website Ebay.

Surprisingly a huge 26 companies such as Ikea, Google and the National Grid were dropped off from last year’s list because of litigation and ethics violations. Under the Computer Software category, Adobe, Microsoft and antivirus software company Symantec Corporation were listed, too.

Mobile phone network operators T-Mobile (USA) has also been recognised by  the Ethisphere Institute, and is in the top three for Telecom Services.

Ethical Companies

The Ethisphere Institute is a think tank dedicated to the creation, advancement and sharing of best practices in business ethics.  The research based institute releases a list every year of 110 companies across the globe that are deemed outstanding in their ethical conduct in business and corporate social responsibility.

Now in its fifth year, Ethisphere recognise companies that “truly go beyond making statements about doing business “ethically” and translate those words into action.”

Ethisphere reviewed thousands of companies and evaluated numerous applicants throughout the tough selection process. With in-depth research and multi-step analysis the World’s Most Ethical companies are found to be the best of the best for that industry. Lawyers, professors, and government officials work out the scoring for the list determining who qualifies.

Aiming to improve and raise awareness of ethical conduct in the workplace, Ethisphere publishes the list in the quarterly magazine Ethisphere Magazine.