HOUSTON, March 6, 2013 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) has been named to the Ethisphere Institute's World's Most Ethical Companies list for a second consecutive year. The institute named 138 organizations to this year's list, selecting from thousands of worldwide applicants. The World's Most Ethical Companies list recognizes those organizations that truly embrace ethical business practices and demonstrate industry leadership.
"The Spectra Energy team is honored to be named one of the World's Most Ethical Companies for the second year running," said Greg Ebel, president and chief executive officer, Spectra Energy Corp. "Our strong ethics and compliance program reminds all of our employees that we do the right thing; it's good for our employees, shareholders, stakeholders and the communities in which we live and work. The resulting corporate culture not only breeds a healthy and safe work environment, it supports a productive business model. I am proud of the Spectra Energy team for achieving this recognition again in 2013."
Through in-depth research and a multi-step analysis, Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries. The methodology for the World's Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.Read about the methodology and view the complete list of the 2013 World's Most Ethical Companies at ethisphere.com/wme. Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America's premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For more than a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company's operations in the United States and Canada include more than 19,000 miles of transmission pipeline, over 305 billion cubic feet of storage, as well as natural gas gathering and processing, natural gas liquids operations and local distribution assets. The company also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. Spectra Energy is a member of the Dow Jones Sustainability World and North America Indexes and the U.S. S&P 500 Carbon Disclosure Project's Carbon Disclosure Leadership Index. For more information, visit www.spectraenergy.com. The research-based Ethisphere ® Institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Ethisphere Magazine, which publishes the globally recognized World's Most Ethical Companies Ranking™, is the quarterly publication of the Institute. Ethisphere provides the only third-party verifications of compliance programs and ethical cultures that include: Ethics Inside ® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification.