For the third year running, PKN ORLEN has been awarded the prestigious title of The World’s Most Ethical Company by an international panel of experts at the US Ethisphere Institute.
The title has been awarded since 2006 by a group of international experts in business ethics and good commercial practices. Experts select honorees on the basis of the Ethics Quotient™ rating system, which allows comprehensive verification of the capability of companies to apply ethical business practices in building their market position. In evaluating candidates, the experts consider such areas as corporate governance, social responsibility, building of human capital, efforts towards innovation. The title is awarded for one year, following which companies may undergo re-evaluation.
“PKN ORLEN considers ethics in business to be a fundamental priority. That is why we perceive the prestigious title of The World’s Most Ethical Company as a recognition of our consistent and innovative approach to CSR and corporate governance. ORLEN is on a path of constant development, and I am glad we are able to grow firmly anchored in our corporate values,” said Wojciech Jasiński, President of the Management Board of PKN ORLEN.
“Companies rely on Ethisphere to continually raise and measure the standards of corporate behaviour. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich.
The Ethisphere Institute is an independent research centre promoting best practices and ethics in business as well as the highest standards in management of relationships with employees, business partners, investors and market regulators. The Institute evaluates and benchmarks governance programmes and honours the most ethical companies with its World’s Most Ethical Companies® recognition programme. The full list of honorees is published in Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of compliance with corporate ethics principles, through its certification programmes: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™.