Hershey celebrates gaining second accolade for ethical employment standards
The Hershey stand at Sweets & Snacks Expo 2023 in Chicago. Pic: Neill Barston
The Hershey Company is celebrating for a consecutive year in a row, as it is once again recognised among the World’s Most Ethical Companies as rated by Ethisphere, focused on raising international business standards.
As the US-based confectionery giant noted, it joined a list of 136 major companies that have earned the coveted designation of the World’s Most Ethical Companies in 2024. This year’s winners span 20 countries and 44 industries.
The World’s Most Ethical Companies historically outperform their peers and competitors financially, demonstrating a tangible return on investment for doing the right thing. Significantly, this year’s recipients outperformed a comparable index of large-cap companies by 13.6 percentage points over a five-year period.
Notably, 2024 marks the18th annual World’s Most Ethical Companies recognition. As in previous years, honorees have demonstrated a commitment to ethical business practices through robust programs that positively impact employees, communities, and broader stakeholders, as well as contributing to sustainable, long-term business growth.
The World’s Most Ethical Companies assessment is grounded in Ethisphere’s proprietary Ethics Quotient®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, & inclusion efforts; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year’s group of applicants. This process serves as an operating framework to capture and codify truly best-in-class practices from organizations across industries and from around the world.
Ethisphere is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust, and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA).
