Waste Management, a leading environmental solutions for North America, has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World’s Most Ethical Company®.
This is the seventh time that Waste Management has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. World’s Most Ethical Company honorees understand the correlation between ethics, reputation and daily interactions with their brand and that the award belongs as much to their associates as it does to them. Waste Management is one of only two companies in the Environmental Services industry honored this year.
“This recognition reflects our most fundamental commitment to keeping the environment—and our people and our neighbors—safe,” said David Steiner, chief executive officer and president of Waste Management. “As an industry leader, we continue to develop strategies to extract value from waste stream to minimize our environmental impact, while at the same time demonstrating a culture where safety and ethics are core beliefs.”
“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Waste Management joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Waste Management for this extraordinary achievement.”
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’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. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).
“Waste Management is proud of this designation which recognizes our company’s efforts in transforming the waste industry to focus on environmental solutions,” said Scott Bradley, Four Corners Area vice president of Waste Management. “We are proud of our employees who help strengthen our reputation as an industry leader.”
The full list of the 2014 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.