Ford Motor Company is the only automaker named a 2016 World’s Most Ethical Company by Ethisphere Institute today; this marks the seventh consecutive year Ethisphere Institute has named Ford a World’s Most Ethical Company. Engine manufacturer Cummins, Inc. and Tier 1 supplier Delphi Automotive also made the 2016 list.
The framework of Ethisphere’s proprietary rating system, the corporate Ethics Quotient (EQTM), consists of a series of multiple-choice questions that capture a company’s performance. Ethisphere says that the information collected is not intended to cover all aspects of corporate governance, risk, sustainability, social responsibility, compliance or ethics, but rather is a comprehensive sampling of definitive criteria of core competencies.
The EQ 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 Companies Methodology Advisory Panel.
An initial “self-reported” EQ score is derived through a proprietary matrix of relationships between answers to given questions. Supporting documentation is then reviewed to verify the self-reported EQ score. The review process may also include multiple means of independent verification on an as-needed basis that may include additional research and requests for additional documentation.
Ethisphere uses publicly available media sources and research conducted by partners to conduct reputational and legal reviews to determine any outstanding or historical issues as well. Self-reported EQ scores are often adjusted based on documentation review and independent research.
Each candidate then receives a “validated” EQ score that may be higher or lower than the initial self-reported score.
Ford understands that trust is the cornerstone of everything it does, and their commitment to being an active part of a global community helps explain why they are the only automaker Ethisphere has recognized every year since 2010. Being honored for the seventh time is no small achievement. Congratulations to everyone at Ford for being recognized.—Timothy Erblich, Ethisphere’s CEO