Methodology
To identify the world's most ethical companies for 2024, Ethisphere used its proprietary Ethics Quotient process to capture and codify the practices of participating organizations across five categories:
- Ethics and compliance program, which accounts for 35% of an organization's overall score
- Culture of ethics, which accounts for 20% of the overall score
- Environmental and societal impact, which accounts for 20% of the overall score
- Governance, which accounts for 20% of the overall score
- Third party management, which accounts for 5% of the overall score
The 'Most Ethical' healthcare companies
Ethisphere recognized healthcare companies across five categories, including health insurance, healthcare products, healthcare providers, integrated healthcare systems, and pharmaceuticals.
The health insurance companies that made the list were:
- Blue Shield of California
- Cambia Health Solutions
- CareFirst BlueCross BlueShield
- Health Care Service Corporation
Two healthcare products companies made the list: Henry Schein and Medtronic.
The healthcare providers who made the list were:
- Covenant Health
- HCA Healthcare
- Northwell Health
- University Hospitals
The only integrated healthcare system to make the list was UPMC.
The pharmaceutical companies that made the list were:
- Eli Lilly & Co.
- Lonza
- Pfizer
- Zoetis
To see the full list of honorees, click here.
("World's Most Ethical Companies" list, accessed 3/5; "World's Most Ethical Companies" methodology, accessed 3/5)
As clamor around Environmental, Social, Governance (ESG) intensifies, many healthcare leaders remain skeptical to its benefits and longevity. In part two of this series, Advisory Board's Miles Cottier and Vidal Seegobin look at five of the most common reasons for not moving on ESG and what our research indicates are the answers.
FAQs
NEW YORK, US and NOIDA, India, March 4, 2024—HCLTech, a leading technology company, announced that it has received the coveted designation as one of World's Most Ethical Companies® 2024 by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
What is the most ethical company by Ethisphere? ›
NEW YORK, US and NOIDA, India, March 4, 2024—HCLTech, a leading technology company, announced that it has received the coveted designation as one of World's Most Ethical Companies® 2024 by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
Is Sony honored as one of 2024 world's most ethical companies for the sixth time? ›
Tokyo, Japan - Sony Group Corporation ("Sony") today announced that it has been named one of the "World's Most Ethical Companies" for the sixth consecutive year by the Ethisphere Institute, the US-based global leader in defining and advancing the standards of ethical business practices.
What are the most ethical medical companies? ›
Medtronic (Minneapolis) University Hospitals (Cleveland) Blue Shield of California (Oakland) Cambia Health Solutions (Portland, Ore.)
What are the best companies with ethics? ›
There are also six companies—Aflac, Ecolab, International Paper, Kao Corporation, Milliken & Company, and PepsiCo—that have been recognized 18 times, every year since the inception of the World's Most Ethical Companies® in 2007.
Is Ethisphere legitimate? ›
Yes. We evaluate an organization's (i) Ethics and Compliance Program, (ii) Culture of Ethics, (iii) Corporate Citizenship and Responsibility, (iv) Governance, and (v) Leadership and Reputation.
What is the least ethical company? ›
The top ten least ethical companies as voted for by Ethical Consumer readers were:
- Nestlé
- Monsanto.
- Amazon.
- Shell.
- Tesco.
- Barclays.
- Exxon.
- Wal Mart (former owner of Asda)
"It is our commitment to unwavering integrity that makes it possible to receive this recognition as one of the World's Most Ethical Companies for the 10th straight year. I am truly proud of all of our employees who work to protect 3M's reputation every day."
Why is Sony an ethical company? ›
Sony is committed to maintaining a healthy, safe and productive work environment that is free from discrimination or harassment, in which all individuals are treated with respect and dignity.
Who owns majority of Sony? ›
According to the latest TipRanks data, approximately 92.90% of Sony Group (SONY) stock is held by retail investors. Who owns the most shares of Sony Group (SONY)? Theofanis Kolokotrones owns the most shares of Sony Group (SONY).
Below are the top 7 most trusted healthcare brands out of more than 200 brands evaluated in Monigle's 2023 Humanizing Brand Experience study.
- Emory Healthcare (Atlanta)
- University of Iowa Health Care (Iowa City)
- Northwestern Medicine (Chicago)
- Mayo Clinic (Rochester, Minn.)
- Johns Hopkins Medicine (Baltimore)
Nurses remain the most trusted profession, with 78% of U.S. adults currently believing nurses have high honesty and ethical standards.
What is the biggest ethical issue in healthcare today? ›
Patient Confidentiality
One of the biggest legal and ethical issues in healthcare is patient privacy and confidentiality.
Is Costco an ethical company? ›
Costco is often cited as one of the world's most ethical companies. It has been called a “testimony to ethical capitalism” in large part due to its company practices and treatment of employees.
What companies are going through ethical issues? ›
Companies such as Google, Amazon, Nestle, Tesco, Coca-Cola, the Big Four accounting firms, Facebook, Nike, and McDonald's have all faced scrutiny for their actions across various ethical dimensions, including tax avoidance, worker exploitation, irresponsible marketing, and environmental damage.
Is Target ethical or unethical? ›
Target's commitment to ethical standards is reflected in the way we conduct business and through our actions. All team members must always consider the impact on our guests, team members, stakeholders, and our communities when making business decisions.
Is Ikea an ethical company? ›
IKEA is one of the companies leading the way in building a more ethical and sustainable supply chain, but more companies need to follow suit and implement policies similar to IWAY that holds all parties in the supply chain accountable for their actions.
How is Starbucks ethical? ›
The cornerstone of our approach to sourcing coffee is Coffee and Farmer Equity (C.A.F.E.) Practices, our comprehensive coffee-buying program that ensures coffee quality while promoting social, economic and environmental standards.
Is Everlane truly ethical? ›
The brand uses a medium proportion of lower-impact materials including organic cotton, which helps limit the chemicals, water, and wastewater in its supply chain. While Everlane has now eliminated some hazardous chemicals, it has not as yet made a commitment to eliminate all hazardous chemicals in manufacturing.
