VF Corporation has made history by becoming the only apparel company in the world to get placed into the list of World’s Most Ethical Company for the year 2018.VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has now been placed in august company with the likes of Microsoft, Dell, Salesforce and Adobe, among a few others, in the list chosen by the Ethisphere Institute. The company’s ethical business standards and practices enabled VF it to become an honoree.
Steve Rendle, VF’s Chairman, President and CEO exults, “This honour has come as testament to integrity, commitment and passion of our 65,000 staff around the world who are doing the right thing across VFs global enterprise.” All participants are given scores which provide them with valuable insights into how they stack up against leading organisations.
A total of 135 companies from 23 countries representing 57 industries were recognised as ethical companies in 2018. The award will be bestowed on 13 March. Major parameters they are assessed on are: Ethics and compliance program, corporate citizenship and responsibility, culture of ethics, governance and leadership and innovation and reputation. These companies are shortlisted on Ethics Quotient (EQ) framework.
Ethisphere, a global leader in defining and advancing the standards of ethical business practices, has been honouring World’s Most Ethical Companies who recognise their critical role to influence and drive positive change in the business community and societies around the world and work to maximize their impact wherever possible since 2007.