Milliken & Company named to 2019 World’s Most Ethical Companies list
February 26, 2019
Milliken & Company was named among the 2019 World’s Most Ethical Companies® by Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. Milliken is a global manufacturer of specialty chemicals, floor covering, and performance and protective textiles.
The 2019 World’s Most Ethical Companies highlights organizations who are driving positive change in the business community and societies around the world. Milliken is one of only eight companies to earn the World’s Most Ethical Companies designation every year since the honor’s inception.
“It is with tremendous pride that I congratulate our associates across the world on earning this important designation,” says Halsey M. Cook, Milliken & Company’s president and CEO. “Ethical business practices have long been woven into our company culture and carried out by our associates.”
Milliken is one of 128 honorees recognized in 2019, representing 21 countries and 50 industries. The thirteenth class illustrates how companies continue to be the driving force for improving communities and building capable and empowered workforces.
Ethics & Performance
Ethisphere’s belief that financial performance and ethics go hand-in-hand continues to be validated by the “Ethics Premium.” Ethisphere found that listed World’s Most Ethical Companies outperformed the large cap sector over five years by 14.4 percent and over three years by 10.5 percent.
Methodology & Scoring
The World’s Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework, which offers a quantitative way to assess a company’s performance in a standardized manner. 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 program (35 percent)
- culture of ethics (20 percent)
- corporate citizenship and responsibility (20 percent)
- governance (15 percent) and
- leadership and reputation (10 percent)
All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
Honorees
The full list of the 2019 World’s Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
About Milliken
Milliken has been solving everyday problems with innovative solutions for more than 150 years. Our research, design and manufacturing expertise reaches across a breadth of disciplines including specialty chemicals, floor covering, and performance and protective textiles. An unwavering commitment to ethics guides our work to redefine how we add strength and protection to products, how we infuse vibrancy and color into our surroundings, and how we care for the environment. For us, success is when discoveries made within Milliken help us all have more meaningful connections with the world. Discover Milliken at www.milliken.com, and join us on Facebook, Instagram, LinkedIn and Twitter.
About the Ethisphere Institute
The Ethisphere® Institute 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). More information about Ethisphere can be found at: https://ethisphere.com.
