THE WHAT? Kao, L’Oréal and Natura &Co are just some of the cosmetics companies named on the 2022 World’s Most Ethical Companies Honoree List.
THE DETALS Colgate-Palmolive, Firmenich, and Kohl’s also made the list.
Some 136 organizations have been recognized for their unwavering commitment to business integrity, with the honorees spanning 22 countries and 45 industries.
The list includes 14 first-time honorees and six organizations that have been named to the honoree list 16 times, marking every year since its inception.
THE WHY? The evaluation and selection process for the World’s Most Ethical Companies is Ethisphere’s proprietary rating system, the corporate Ethics Quotient (EQ).
According to the list, the EQ framework features more than 200 multiple-choice and text questions that capture a company’s performance in an objective, consistent, and standardized way.
All applicants receive their overall EQ score and scores in all five categories as compared against the honorees.