Global branded play leader Hasbro, Inc. (NASDAQ: HAS), today announced that it has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World’s Most Ethical Company ®.
This is the third time that Hasbro, home to globally popular brands including MY LITTLE PONY, MONOPOLY and PLAY-DOH, has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. Hasbro is one of only eight companies in the Consumer Products industry honored this year.
“Our commitment to conducting business responsibly and living our values runs deep throughout our global organization,” said Kathrin Belliveau, Vice President of Global Government Affairs, Corporate Social Responsibility and Compliance. “We’re proud to be recognized for our ethical leadership and corporate governance and honored to be ranked amongst the World’s Most Ethical Companies for the third consecutive year.”
“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Hasbro joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Hasbro for this extraordinary achievement.”The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel. Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).