Solae Named as One of the 2011 "World's Most Ethical Companies"
March 17 2011 - 8:00AM
Marketwired
Solae, LLC, a joint venture between DuPont and Bunge and a world
leader in soy ingredients, has been recognized by the Ethisphere
Institute as one of the 2011 World's Most Ethical (WME) Companies.
This is the second consecutive year Solae has been honored by
Ethisphere for this award. Out of a record number of nominations
for the award, Solae secured a hard-earned spot on the list. Solae
went the extra mile, implementing upright business practices and
initiatives that are instrumental to the company's success, benefit
the community and raise the bar for ethical standards within the
food industry.
"Solae has a deep commitment to ethics in all that we do and
it's one of four core values," said Cornel Fuerer, vice president,
general counsel and chief compliance officer, Solae. "To be honored
for the second year as one of the World's Most Ethical Companies is
both rewarding for what we have accomplished and motivating to
continue to make ethics a priority in all aspects of our
business."
Earlier in 2011, Solae also earned the Ethics Inside™
Certification from Ethisphere, which is awarded exclusively to
companies that not only have implemented adequate standards,
systems and programs to reasonably prevent compliance failures and
ethical breakdowns, but also can demonstrate the existence of a
superior employee and leadership culture that promotes ethical
business practices.
This is the fifth year Ethisphere has published the WME
rankings, which appear in Ethisphere Magazine's Q1 issue.
Ethisphere reviewed thousands of companies and evaluated a record
number of applications utilizing its propriety methodology through
in-depth research and multi-step analysis, naming 110 companies
that surpassed their industry peers to this year's World's Most
Ethical Companies list. The 2011 list features companies in 38
industries including 43 companies headquartered outside the United
States. Solae is on the list with a number of other highly
reputable food companies this year including General Mills, PepsiCo
and Stonyfield Farm.
"As companies strive to maintain a competitive advantage, good
ethics translate into better business, and better business means
better bottom lines. Solae recognizes the important role that
principled practices play in brand reputation, which ultimately is
the most valuable asset for a company," said Alex Brigham,
executive director -- the Ethisphere Institute. "Each year, the
competition gets more intense for the World's Most Ethical
Companies and this year was no exception with a record number of
organizations vying for this distinguished honor. Ethisphere
congratulates Solae on being one of the World's Most Ethical
Companies for 2011."
Read about the methodology and view the complete list of the
2011 World's Most Ethical Companies
http://ethisphere.com/2011-worlds-most-ethical-companies.
The research-based Ethisphere Institute is a leading
international think tank dedicated to the creation, advancement and
sharing of best practices in business ethics, corporate social
responsibility, anti corruption and sustainability. The Institute's
associated membership group, the Ethisphere Council, is a forum for
business ethics that includes over 200 leading corporations,
universities and institutions. The Ethisphere Council is dedicated
to the development and advancement of individuals on its membership
council through increased efficiency, innovation, tools, mentoring,
advice, and unique career opportunities. Ethisphere magazine, which
publishes the globally recognized World's Most Ethical Companies
Ranking™, is the quarterly publication of the Institute. More
information on the Ethisphere Institute, including ranking projects
and membership, can be found at www.ethisphere.com.
Solae, LLC is a world leader in developing soy-based ingredients
for nutritious, great-tasting products. Solae provides solutions
that deliver a unique combination of functional, nutritional,
economical and sustainable benefits to our customers. Headquartered
in St. Louis, Missouri, USA, the company was formed through a joint
venture between DuPont (NYSE: DD) and Bunge (NYSE: BG). Solae is a
recipient of 2011 Ethisphere's Ethics Inside Certification and was
recognized as one of 100 "World's Most Ethical Companies" in 2010.
For more information, visit www.Solae.com, or follow the company on
Twitter at www.Twitter.com/SolaeLLC or Facebook at
www.Facebook.com/SolaeLLC.
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Contact: Jennifer Starkey jstarkey@solae.com 314-659-3145 office
314-341-2948 cell
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