American Express has been recognized by the Ethisphere Institute as one
of the World’s Most Ethical Companies for 2010. Out of a record number
of nominations for the award, American Express secured a hard-earned
spot on the list by implementing business practices and initiatives that
raise the bar for ethical standards within the industry.
“American Express is pleased to be recognized on the 2010 World’s Most
Ethical Companies list for the fourth consecutive year,” said Leonard
Shen, Chief Ethics& Compliance Officer. âThe strength of a company
starts with a deep commitment to ethics from the top, and is sustained
with an unwavering dedication to these same high standards from
employees at every level around the globe.”
This is the fourth year Ethisphere, a think-tank dedicated to the
creation, advancement and sharing of best practices in business ethics,
corporate social responsibility, anti-corruption and sustainability, has
published the WME rankings, which appear in Ethisphere Magazine’s Q1 issue.
The methodology for the WME ranking includes reviewing codes of ethics,
litigation and regulatory infraction histories; evaluating the
investment in innovation and sustainable business practices; looking at
activities designed to improve corporate citizenship; and studying
nominations from senior executives, industry peers, suppliers and
customers. Through in-depth research and a multi-step analysis,
Ethisphere reviewed thousands of nominations from companies in over 100
countries and 36 industries in order to determine the winners.
âAmerican Express’ promotion of a sound ethical environment shines
within its industry and shows a clear understanding that operating under
the highest standards for business behavior goes beyond goodwill and
âlip-serviceâ and is intimately linked to performance and
profitability,â said Alex Brigham, Executive Director of the Ethisphere
Institute. âThis year’s World’s Most Ethical Companies award was more
competitive than ever, because companies realize that making ethics a
priority is critical amidst a tough economic environment.â View the
complete list at http://ethisphere.com/wme-2010.
About American Express
American Express is a global services company, providing customers with
access to products, insights and experiences that enrich lives and build
business success. Learn more at americanexpress.com and connect with us
on facebook.com/americanexpress, twitter.com/americanexpress and
youtube.com/americanexpress.
About Ethisphere Institute
The research-based Ethisphere Institute is a leading international think
tank dedicated to the creation, advancement and sharing of best
practices in business ethics, corporate social responsibility, anti
corruption and sustainability. The Institute’s associated membership
group, the Ethisphere Council, is a forum for business ethics that
includes over 200 leading corporations, universities and institutions.
The Ethisphere Council is dedicated to the development and advancement
of individuals on its membership council through increased efficiency,
innovation, tools, mentoring, advice, and unique career opportunities.
Ethisphere magazine, which publishes the globally recognized World’s
Most Ethical Companies Ranking(TM), is the quarterly publication of the
Institute. More information on the Ethisphere Institute, including
ranking projects and membership, can be found at www.ethisphere.com.
