By Emily Greenhalgh
PBN Contributing Writer
PAWTUCKET – Hasbro Inc. was named one of the “2012 World’s Most Ethical Companies” by business ethics think-tank the Ethisphere Institute.
The New York-based think-tank compiles its annual list by reviewing businesses’ codes of ethics, and litigation and regulatory infraction histories as well as evaluating sustainable business practices and investments they make in innovation.
Ethisphere also investigates company activities designed to improve corporate citizenship and studies nominations from high-ranking executives, industry peers, suppliers and customers.
Hasbro received a record number of nominations by maintaining “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 industry,” according to Ethisphere.
“A strong ethical foundation is a competitive advantage, and Hasbro recognizes the important role corporate responsibility can play in improving its bottom line,” Alex Brigham, executive director of the Ethisphere Institute said in a prepared statement.
This year, Hasbro joined a record 145 companies from more than three dozen industries on Ethisphere’s list of ethical businesses.
In the “consumer products” category, Hasbro joined Franklin, Mass.-based Kimberly-Clark Corp., New York-based Colgate-Palmolive Co., German company Henkel AG & Co. KGaA, and Japanese personal care product-maker Kao Corp.
“Hasbro continually strives to go beyond simple compliance in the areas of corporate social responsibility and business ethics,” Brian Goldner, Hasbro’s president and CEO said in a press release. “Integrity plays a central role in everything we do at Hasbro, and being named to Ethisphere's 2012 World’s Most Ethical Companies list is a distinct honor and provides our company and our employees with some well-deserved recognition in demonstrating how seriously we approach corporate citizenship.”
Since the list’s inception in 2007, 23 different companies have earned a spot on the list all six years, including General Electric and outdoor gear-maker Patagonia.
To view the complete list of the 2012 World’s Most Ethical Companies, visit www.ethisphere.com.