BUSINESS EXCELLENCE

Hasbro named one of world’s most ethical companies

HASBRO was named one of the Ethisphere Institute's "2012 World's Most Ethical Companies."
Posted 3/19/12

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.

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Tess3264

While they treat workers in China like rats and those who work here, even at the mid-management level, like their voice doesn't matter. Production facility Managers like those in the East Longmeadow facility who have no clue what they are doing or even how to manage. A union there who does nothing for its members but side with management. This facility continues to lose employees by the droves. A once thriving production facility is now nearly defunct and threatening employees with a full month's shutdown this Summer. Hasbro corporate really, really, needs to poll their employees - not the managers - especially in this facility to really see what is going on behind the scenes. Stop announcing your visits and show up on a normal business day. Show up on second and third shift to see your shift managers at work - show up unannounced. Then tell me if your managers, the ones who are now going to be touted as "ethical" are truly living up to Hasbro corporate standards.

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