Recognition honors those companies that take the long view with a purpose-based strategy and strive to create positive change throughout their global communities.
International Paper (NYSE: IP) a world leader in renewable fiber-based packaging, pulp, and paper products, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World's Most Ethical Companies.
International Paper has been recognized for a fourteenth consecutive year and is one of only two honorees in the forestry, paper and packaging industry. In 2020, 130 honorees were recognized spanning 21 countries and 51 industries.
"Receiving this prestigious award fourteen years in a row highlights International Paper's ongoing commitment to be among the most successful, sustainable and responsible companies in the world. Ethics is one of our core values, which is why we strive to do the right things, in the right ways, for the right reasons – all of the time. We call it the IP Way," said Sharon Ryan, General Counsel, and Corporate Secretary. "Our more than 50,000 team members and 25,000 customers in 150 countries rely on IP to be an ethical partner wherever we do business."
"Congratulations to everyone at International Paper for earning this recognition," said Ethisphere's Chief Executive Officer, Timothy Erblich. "This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good."
Methodology & Scoring
Grounded in Ethisphere's proprietary Ethics Quotient®, the World's Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.
All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of leading companies.
The full list of the 2020 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees
SOURCE International Paper