Hasbro has been named one of the “2012 World’s Most Ethical Companies” (WME) by the Ethisphere Institute. The institute is a leading business ethics think-tank dedicated to the creation, advancement, and sharing of best practices in business ethics, corporate social responsibility, anti-corruption, and sustainability. Approximately 5,000 companies were nominated, with 145 making the cut. Hasbro was the only branded play company to receive the honor. “A strong ethical foundation is a competitive advantage, and Hasbro recognizes the important role corporate responsibility can play in improving its bottom line,” said Alex Brigham, executive director of the Ethisphere Institute, in a press release.
To select companies for the list, the Ethisphere Institute ranks organizations by reviewing codes of ethics, litigation, and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; reviewing activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers, and customers.
This is the sixth year Ethisphere has published the WME rankings. This year’s list features companies in more than three dozen industries, including 40 companies headquartered outside the United States. For more information about the companies selected and methodology, visit www.ethisphere.com/wme.
This post was originally written by Elizabeth A. Reid and published by ToyBook.com. For more news, visit www.toybook.com, follow The Toy Book on Twitter, and like The Toy Book on Facebook. The Toy Book is a bimonthly trade magazine covering the toy industry, published by Adventure Publishing Group.