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Covalence Ethical Ranking 2007 |
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January 01, 2008 |
Jan 02, 2008 -- /prbuzz/ --Geneva-based Covalence is publishing today its third annual ethical reputation ranking, giving the best ranked companies as well as those companies which have made the most progress in 2007. An overview of emerging and decreasing topics is also given.
The main results across sectors are:
> Rio Tinto, Dell and Marks & Spencer enter top 10 EthicalQuote score across sectors replacing BP, GlaxoSmithKline and Bristol Myers Squibb; Unilever, Toyota and HSBC lead the way
> Wal-Mart, Coca-Cola and Toyota show best Reported Performance
> Emerging topics in 2007 have been: Environmental Impact of Production, Eco Innovative Product, Waste Management and Anticorruption Policy, while the following criteria have lost importance: Social Impact, Social Sponsorship, Labour Standards and Human Rights Policy.
Twenty multinational companies are analyzed in ten major sectors; the top ten performing companies are ranked in each category: Best EthicalQuote Score (positive minus negative news, cumulated from 2002 to 2007), Best Ethical Progress (positive minus negative news, cumulated from January to December 2007) and Best Reported Performance (positive news only, cumulated from January to December 2007).
Best EthicalQuote Score and Best EthicalQuote Progress are given by confronting positive and negative news. Best Reported Performance is calculated by quantifying positive news only – it shows how companies report on their ethical performance without considering criticisms and demands. Some companies being highly targeted by activists have a low EthicalQuote Score while at the same time ranking high in terms of Reported Performance. We can assume that “ethical demands” (negative news i.e. stakeholder issues, campaigns, expectations) stimulate “ethical offers” (positive news i.e. initiatives, reporting, communication by companies).
The full Press Release can be accessed online: http://www.covalence.ch/docs/CovalenceEthicalRanking2007_PressRelease_02.01.2008.pdf
Geneva-based Covalence tracks the ethical reputation of multinationals by sourcing information from companies, the media and civil society. For further information, please contact us at +41 (0)22 800 08 55;
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About the Press Release
Geneva-based Covalence is publishing today its third annual ethical reputation ranking, giving the best ranked companies as well as those companies which have made the most progress in 2007.
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