Henry Schein, Inc. Named One Of The 2018 World's Most Ethical Companies® By The Ethisphere Institute For The Seventh Time
Recognition honours those who operate with purpose and incorporate integrity into their ecosystems
Henry Schein, Inc. has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2018 World's Most Ethical Companies.
This is the seventh consecutive year that Henry Schein has been recognised and it is the only honouree in the Healthcare Products industry, underscoring the company's commitment to leading with integrity and prioritising ethical business practices.
In 2018, 135 honourees were recognised, spanning 23 countries and 57 industries. The twelfth class of honourees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honourees.
"We at Henry Schein are honoured to be named one of the World's Most Ethical Companies for a seventh time and this year's sole honouree in the Healthcare Products industry, as it reinforces our commitment to fulfilling our responsibilities as a corporate citizen by giving back to the professions and communities we serve," said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. "Since our founding in 1932, we have pursued the ideal of 'doing well by doing good,' and we remain steadfast in our belief that great success can be achieved by serving the needs of society, holding ourselves to the highest ethical standards, and building our continued success on a foundation of trust and teamwork."
"While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society's strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The World's Most Ethical Companies in particular continued to show exemplary leadership," explained Ethisphere's CEO, Timothy Erblich. "Henry Schein, in particular, has been a powerful voice in expanding access to health care in underserved communities around the world, and I congratulate Team Schein for being recognized as one of the World's Most Ethical Companies."
Ethics & Performance
Once again, the 2018 World's Most Ethical Companies have proven that operating with integrity leads to greater financial performance. Research has found that, when indexed, listed World's Most Ethical Companies outperformed the U.S. Large Cap Index over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.
Methodology & Scoring
The World's Most Ethical Companies assessment is based upon the Ethisphere Institute's Ethics Quotient® (EQ) framework, which offers a quantitative way to assess a company's performance in an objective, consistent and standardised manner. 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.
Scores are generated in five key categories: ethics and compliance program (35 percent), corporate citisenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organisations.
The full list of the 2018 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees
Best practices and insights from the 2018 honorees will be released in a report and webcast in March and April of this year.