BENTON HARBOR, Mich. - Whirlpool Corporation was recently named one of the World's Most Ethical Companies by the Ethisphere Institute and one of the Top 25 Most Respected U.S. Companies by the Reputation Institute.
"We are proud to be recognized by Ethisphere Institute as one of the world's most ethical companies and by the Reputation Institute as one of the most respected U.S. companies," said Jeff M. Fettig, Whirlpool Corporation's chairman and CEO.
"This type of recognition is possible only because of the people at Whirlpool who are committed to providing consumers with excellent, innovative products and services, and who have long conducted business with integrity. I am proud of all of our people around the globe who personify Whirlpool Corporation's values and make recognition like this possible."
World's Most Ethical Companies
The Ethisphere Institute named Whirlpool to Ethisphere's second-annual World's Most Ethical Companies list. Ethisphere, a think-tank dedicated to the research and promotion of profitable best practices in global governance, business ethics, compliance and corporate responsibility, revealed the award at the Ethisphere and Forbes joint-conference, "Driving Profit through Ethical Leadership," held on June 3 in New York, N.Y. The list of World's Most Ethical companies also will be featured in the second quarter issue of Ethisphere Magazine.
Researchers and analysts reviewed several thousand companies in order to determine the finalists, which included a rigorous, multi-step evaluation process. The extensive research process included reviews of more than 10,000 of the world's leading companies on six continents. Ethisphere analysts reviewed codes of ethics, litigation and regulatory infraction histories; evaluated investment in innovation and sustainable business practices; looked at companies' activities to improve corporate citizenship; studied nominations from senior executives, industry peers, suppliers and customers; and worked with consumer action groups for feedback and rating.
America's Most Respected Companies
In the third annual survey of U.S. consumers conducted by Reputation Institute, Whirlpool earned a Pulse rating of 74.41, placing it 22 on a list of the largest 150 companies in the U.S. and earning Whirlpool a Top 25 ranking in reputation among measured U.S. companies. Whirlpool also ranked 18 among the top 20 companies Americans say they would recommend to others.
Reputation Institute conducts an annual online Global Pulse Survey of the general public to measure the corporate reputation of more than 1,000 of the world's largest companies within 27 countries. The companies were evaluated on seven key dimensions including products and services, governance, citizenship, workplace, innovation, leadership and financial performance. In this survey of worldwide consumers, Reputation Institute included 150 of the largest companies within the U.S.