MEMPHIS, Tenn., Feb. 25, 2020 /PRNewswire/ -- International
Paper (NYSE: IP) a world leader in renewable fiber-based packaging,
pulp, and paper products, has been recognized by Ethisphere, a
global leader in defining and advancing the standards of ethical
business practices, as one of the 2020 World's Most Ethical
Companies.
International Paper has been recognized for a fourteenth
consecutive year and is one of only two honorees in the forestry,
paper and packaging industry. In 2020, 130 honorees were
recognized spanning 21 countries and 51 industries.
"Receiving this prestigious award fourteen years in a row
highlights International Paper's ongoing commitment to be among the
most successful, sustainable and responsible companies in the
world. Ethics is one of our core values, which is why we strive to
do the right things, in the right ways, for the right reasons – all
of the time. We call it the IP Way," said Sharon Ryan, General Counsel, and Corporate
Secretary. "Our more than 50,000 team members and 25,000 customers
in 150 countries rely on IP to be an ethical partner wherever we do
business."
"Congratulations to everyone at International Paper for
earning this recognition," said Ethisphere's Chief Executive
Officer, Timothy Erblich. "This
is a moment to acknowledge the leaders working to advance corporate
cultures defined by integrity and affirm those companies
contributing to broader societal imperatives and the greater
good."
Methodology & Scoring
Grounded in Ethisphere's
proprietary Ethics Quotient®, the World's Most Ethical Companies
assessment process includes more than 200 questions on culture,
environmental and social practices, ethics and compliance
activities, governance, diversity, and initiatives to support a
strong value chain. The process serves as an operating framework to
capture and codify the leading practices of organizations across
industries and around the globe. Best practices and insights from
the 2020 honorees will be released in a report and webcast in March
and April of this year.
All companies that participate in the assessment process receive
an Analytical Scorecard providing them a holistic assessment
of where their programs stand against the demanding standards of
leading companies.
Honorees
The full list of the 2020 World's Most
Ethical Companies can be found at
https://worldsmostethicalcompanies.com/honorees
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, and Russia. We
produce corrugated packaging products that protect and promote
goods and enable worldwide commerce; pulp for diapers, tissue, and
other personal hygiene products that promote health and wellness;
and papers that facilitate education and communication. We are
headquartered in Memphis, Tenn.,
employ more than 50,000 colleagues and serve more than 25,000
customers in 150 countries. Net sales for 2019 were $22 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 and measure and improve culture. Ethisphere
honors superior achievement through its World's Most Ethical
Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at
https://ethisphere.com.
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SOURCE International Paper