Ricoh named as a 2016 World’s Most Ethical Company by the Ethisphere Institute for the seventh time
TOKYO, March 8, 2016 – Ricoh Company, Ltd announced today that it has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World’s Most Ethical Company®.
This year marks the tenth anniversary of Ethisphere and the World’s Most Ethical Companies designation, which recognises those companies who align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow’s best practices today.
20160304 Ricoh named World's Most Ethical CompanyThis is the seventh time Ricoh has achieved this recognition, which underscores its strong commitment to leading ethical business standards and practices ensuring long-term value to key stakeholders, including customers, employees, suppliers, regulators and investors.
“As a global corporate citizen devoted to conducting business with honesty and integrity, we are honored to be recognised again as a World’s Most Ethical Company by the Ethisphere Institute,” said Donna Venable, Executive Vice President, Human Resources, Ricoh Americas Corporation and Corporate Associate Advisory Officer, Ricoh Company, Ltd. “It is recognition of the successful initiatives we have put in place throughout our 80 years as a global technology company and supports our ethical focus. This focus remains integral as organisations look to us as a trusted partner that helps them capture, transform and manage information in today’s dynamic work environment.”
"Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage," explained Ethisphere’s Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at Ricoh for being recognsed as a World's Most Ethical Company."
Methodology & Scoring
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere’s World’s Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company’s performance in an objective, consistent and standardsed 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.
Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
The full list of the 2016 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2016 honorees will be released in the form of a whitepaper and infographics over the next few months (download the 2015 insights). Organisations interested in how they compare to the World’s Most Ethical Companies are invited to participate in the Ethics Quotient.