By Denise Devlin
If it seems like old news that Xerox has been named among Ethisphere Institute’s World’s Most Ethical Companies for 2018, it may be because this is the 12th time we’ve made the list.
The World’s Most Ethical Company designation recognizes companies that truly go beyond making statements about doing business ethically and translate those words into action. As Ethisphere notes, “financial value and ethics are inexorably tied together.” An Ethisphere press release points out that has been “borne out through long-term tracking of how the stock prices of publicly traded honorees compare to the U.S. Large Cap Index. The research found that listed World’s Most Ethical Companies outperformed the large cap sector over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.”
Xerox is one of only 13 companies that been recognized by the Ethisphere Institute all 12 years that they have published their list of the world’s leaders in ethical business standards and practices. The award underscores Xerox’s commitment to go beyond its mission of improving the way the world communicates, connects and works to also contribute to the broader society as a good corporate citizen.
“Every decision we make and every action we take should demonstrate our unwavering commitment to ethical business conduct,” said Xerox CEO Jeff Jacobson. “Our continued recognition by Ethisphere is a reflection of that promise.”
Learn more about Xerox’s Business Ethics and Compliance program and how we behave responsibly as a corporate citizen.
According to Ethisphere’s chief executive officer, Timothy Erblich, more corporations use brand power and global reach to stand up for social justice, and are now society’s strongest voices to improve the human condition. “This year we saw companies increasingly finding their voice; the World’s Most Ethical Companies in particular continued to show exemplary leadership. And that is no surprise to us, as not only is it the right thing to do, it is the best long-term strategy.”
