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.