Company recognised for its commitment to ethical and socially minded business practices
Melville, NY, USA – Henry Schein, Inc. announced its recognition by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World’s Most Ethical Company®.
This year marks the tenth anniversary of Ethisphere and the World’s Most Ethical Companies designation, which recognises those companies who align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow’s best practices today. Henry Schein is one of 131 Ethisphere honourees, representing 54 industry sectors, 21 countries and five continents.
Henry Schein has been recognised for the fifth consecutive year and is the only honouree in the Healthcare Products category, underscoring the company’s long-standing commitment to leading ethical business standards and practices.
“We are proud to be recognised by Ethisphere as one of the World’s Most Ethical Companies alongside many of the world’s most successful businesses,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein, Inc. “At Henry Schein, we understand that success must be defined by more than just the bottom line. Since 1932, our company has pursued the ideal of ‘doing well by doing good’. As a result, we have created long-term economic and social value by maintaining exceptional ethical standards in our business practices and by cultivating a culture of caring.”
“Henry Schein has an admirable focus on environmental sustainability in its offices and distribution centres. This effort includes a wide range of initiatives including improving efficiency of the lighting, heat and air conditioning, reducing greenhouse gas emissions, obtaining LEED certification, and more,” stated Timothy Erblich, Ethisphere’s Chief Executive Officer. “Schein’s efforts to promote access to health care for underserved and at-risk populations around the world and its sponsorship and recognition of those who excel in promoting access reflect corporate integrity at its best. Congratulations to everyone at Henry Schein for being recognised as a 2016 World’s Most Ethical Company.”
Methodology and scoring
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics QuotientTM (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere’s World’s Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company’s performance in an objective, consistent and standardised way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance programme (35 per cent), corporate citizenship and responsibility (20 per cent), culture of ethics (20 per cent), governance (15 per cent) and leadership, innovation and reputation (10 per cent) and provided to all companies who participate in the process.
The full list of the 2016 World’s Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/. Best practices and insights from the 2016 honourees will be released in the form of a whitepaper and infographics over the next few months. Insights from the 2015 honourees can be downloaded here. Organisations interested in how they compare to the World’s Most Ethical Companies are invited to participate in the Ethics Quotient.