Electrolux named one of the world’s most ethical companies

Electrolux has been recognized as one of the World’s Most Ethical Companies 2012 by the Ethisphere Institute. The annual ranking names 145 companies that surpass their industry peers.

Honorees are rewarded for implementing 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.

Ethisphere Institute reviewed thousands of companies through in-depth research and multi-step analysis. This includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating investment in innovation and sustainable business practices. In addition, it identified activities that improve corporate citizenship and studied nominations from senior executives, industry peers, suppliers and customers.

“Sustainability is a focus of the Electrolux business strategy. Being on the World’s Most Ethical Companies List again this year further distinguishes us as an industry leader,” says Henrik Sundström, Vice President Group Sustainability Affairs at Electrolux.

“Each year the competition for World’s Most Ethical Companies intensifies as the number of nominations submitted for consideration grows,” says Alex Brigham, Executive Director of Ethisphere. “This year’s winners know that a strong ethics program is a key component to a successful business model, and they continue to scrutinize their ethical standards to keep up with an ever-changing regulatory environment.”

Ethisphere Institute is a think tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. This is the sixth year Ethisphere Institute has published its World’s Most Ethical rankings. Read about the methodology and view the complete list here.

To learn more about Electrolux and sustainability, read the annual sustainability performance review just recently published. You find it here.