SPARTANBURG, S.C.—Milliken & Company, a global innovation company, has been recognized as a 2016 World’s Most Ethical Company by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
This year marks the 10th anniversary of Ethisphere and the World’s Most Ethical Companies designation, which recognizes those companies that align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, share future industry standards by introducing tomorrow’s best practices.
Milliken is one of just 14 companies to receive this honor every year since Ethisphere’s inception in 2007 and one of 21 privately held companies to be recognized this year.
Milliken makes a conscious effort to instill high ethical values throughout its daily business practices. Corporate accountability, resource preservation and a shared mission to deliver innovations that “do good” for the world are a few examples of why Milliken, a 150-year-old company, has earned this high honor for 10 consecutive years.
Ethical Values ‘Unite All Milliken Associates’
“The landscape of corporate ethics is changing, driven by an increasing desire for transparent relationships with companies in the industries and local communities in which they operate,” said Joe Salley, Milliken & Co. President and CEO. “Strong ethical values and a passion for meaningful innovation unite all Milliken associates worldwide.”
“Milliken’s 150 years demonstrate what few companies can: a sustainable business advantage supported by their values and commitment to ethics and innovation,” said Ethisphere CEO Timothy Erblich. “Milliken recognizes the correlation between ethics and performance and the value this creates for its communities, customers and associates. Congratulations to everyone at Milliken for being recognized as a 2016 World’s Most Ethical Company and on your 150-year anniversary.”
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 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent) and provided to all companies that participate in the process.
Click here to access the entire list of honored companies.
