MEMPHIS, Tenn., March 13, 2017 /PRNewswire/ -- International
Paper (NYSE: IP) has been recognized once again by the Ethisphere
Institute, a global leader in defining and advancing the standards
of ethical business practices, as a 2017 World's Most Ethical
Company®. For the eleventh straight year, IP was
named as one of the World's Most Ethical Companies despite a large
number of global nominees. International Paper secured a spot on
the list by maintaining its focus on the ethical business practices
and standards that have defined the company since its inception 119
years ago.
"At International Paper, it is our vision to be among the most
successful, sustainable and responsible companies in the world. Our
55,000 global employees are committed to improving people's lives,
the planet and our company's performance by transforming renewable
resources into products people depend on every day," said
Sharon Ryan, Senior Vice President,
General Counsel & Corporate Secretary. "I want to congratulate
our global team for achieving this well-earned recognition."
2017 is the eleventh year that Ethisphere has honored those
companies who recognize their role in society to influence and
drive positive change, consider the impact of their actions on
their employees, investors, customers and other key stakeholders
and use their values and culture as an underpinning to the
decisions they make every day.
"Over the last eleven years we have seen the shift in societal
expectations, constant redefinition of laws and regulations and the
geo-political climate. We have also seen how companies honored as
the World's Most Ethical respond to these challenges. They
invest in their local communities around the world, embrace
strategies of diversity and inclusion, and focus on long term-ism
as a sustainable business advantage," explained Ethisphere's Chief
Executive Officer, Timothy Erblich.
"Congratulations to everyone at International Paper for being
recognized 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 which offers a quantitative way
to assess a company'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.
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.
Honorees
The full list of the 2017 World's Most
Ethical Companies can be found at
http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2017 honorees will be
released in a series of infographics and research throughout the
year (view or download the 2016 insights). Organizations interested
in how they compare to the World's Most Ethical Companies are
invited to participate in the Ethics Quotient.
About International Paper
International Paper (NYSE:
IP) is a leading global producer of renewable fiber-based
packaging, pulp and paper products with manufacturing operations in
North America, Latin America, Europe, North
Africa, Asia and
Russia. We produce packaging products that protect and
promote goods, and enable world-wide commerce; pulp for diapers,
tissue and other personal hygiene products that promote health and
wellness; papers that facilitate education and communication; and
paper bags, cups and food containers that provide convenience and
portability. We are headquartered in Memphis, Tenn., and employ approximately
55,000 colleagues located in more than 24 countries. Net
sales for 2016 were $21
billion. For more information about International
Paper, our products and global citizenship efforts, please visit
internationalpaper.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in
defining and advancing the standards of ethical business practices
that fuel corporate character, marketplace trust and business
success. Ethisphere has deep expertise in measuring and defining
core ethics standards using data-driven insights that help
companies enhance corporate character. Ethisphere honors superior
achievement through its World's Most Ethical Companies recognition
program, provides a community of industry experts with the Business
Ethics Leadership Alliance (BELA) and showcases trends and best
practices in ethics with the publication of Ethisphere
Magazine. More information about Ethisphere can be found at:
http://ethisphere.com.
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SOURCE International Paper