Global branded play leader Hasbro, Inc. (NASDAQ: HAS), has been recognized as one of The Ethisphere Institute’s "World's Most Ethical Companies" (WME) for the second year in a row. Ethisphere received a record number of nominations for the 2013 WME list. Companies included on the 2013 list have distinguished themselves by implementing and maintaining an “outstanding commitment to ethical leadership, compliance practices, and corporate social responsibility.”
“At Hasbro, we reaffirm our commitment to conducting business responsibly each and every day through the decisions we make and the actions we take for our company, for our consumers and for our world,” said Hasbro CEO Brian Goldner. “We are honored to be recognized as one of the world’s most ethical companies, which serves a testament to our corporate values and the ethical leadership demonstrated by our employees around the world.”
Most recently, Hasbro’s commitment to responsible business practices can be seen through the company’s ongoing efforts in sustainable packaging innovation. In 2012, Hasbro announced plans to reduce materials used in product packaging for many of its highly popular global brands and, beginning in 2013, Hasbro will phase out PVC in new toy and game product packaging. Over the next two years, retailers and consumers will begin to see an even broader range of packaging efficiencies put in place across Hasbro’s brand portfolio, including redesigned disposable boxes and blister packs that use less material.
“Hasbro strives to set the bar for ethics and sustainability within our industry with a commitment to playing fair, making safe products, and making responsible choices across our business,” said Kathrin Belliveau, Vice President, Corporate Responsibility.This is the seventh year Ethisphere has published the WME rankings. Ethisphere reviewed companies in more than 100 countries and 36 industries and evaluated a record number of applications through in-depth research and multi-step analysis, naming the companies that surpassed their industry peers to this year's World's Most Ethical Companies list. The ranking methodology 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.