Wegmans One of the World's Most Ethical Companies
Submitted by Jo Natale, spokesperson for Wegmans
Wegmans Food Markets, a family-owned supermarket chain, has been recognized by the Ethisphere Institute, the leading business ethics think-tank, as one of the 2012 World’s Most Ethical Companies.
This is the third year in a row that the company has been honored for promoting the highest of ethical standards. Out of a record number of nominations for the award, Wegmans secured a hard-earned spot on the list by implementing and maintaining upright business practices and initiatives that are instrumental to the company’s success, benefit the community, and raise the bar for ethical standards within the industry.
“We are honored," said CEO Danny Wegman. "To once again be included on this list is a real testament to our people who put our values in action every day."
This is the sixth year Ethisphere has published the WME rankings. Ethisphere reviewed hundreds of companies and evaluated a record number of applications utilizing its propriety methodology through in-depth research and multi-step analysis, naming the companies that surpassed their industry peers to this year's World's Most Ethical Companies list. The 2012 list features companies in more than three dozen industries, including 40 companies headquartered outside the United States.
“A strong ethical foundation is a competitive advantage, and Wegmans recognizes the important role corporate responsibility plays in improving its bottom line,” said Alex Brigham, executive director of the Ethisphere Institute. “As more and more organizations strive for this honor each year, Wegmans’ inclusion as a World’s Most Ethical Company for 2012 demonstrates its industry-leading commitment to ethics and dedication to integrity.”
The methodology for the WME ranking includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.
Read about the methodology and view the complete list of the 2012 World’s Most Ethical Companies at http://www.ethisphere.com/wme.