Henry Schein, Inc. Named One Of The 2019 World's Most Ethical Companies® By Ethisphere
Recognition honours those companies who recognise their critical role to influence and drive positive change in the business community and societies around the world.
Henry Schein, Inc., the world's largest provider of health care products and services to office-based dental and medical practitioners, has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World's Most Ethical Companies.
This is the eighth 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 delivering the solutions health care professionals rely on to improve the performance of their practice so they can improve the lives of patients.
In 2019, 128 honourees were recognised spanning 21 countries and 50 industries. The 13th class of honourees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
"Throughout our 87-year history, Henry Schein has been committed to pursuing our business goals with integrity while also serving the needs of society," said Mr. Stanley M. Bergman, Chairman of the Board and Chief Executive Officer. "We are honoured to once again be recognised as one of the Ethisphere Institute's World's Most Ethical Companies. This recognition reinforces our commitment to the concept of enlightened self-interest and our 'higher ambition' model of deep, trust-based partnerships. I am honoured to share this award with the more than 18,000 Team Schein Members around the world."
"Henry Schein has demonstrated that corporate success and positive societal impact go hand-in-hand when an organization aligns its strengths as a business with the needs of society," said Ethisphere's Chief Executive Officer, Mr. Timothy Erblich. "Congratulations to Team Schein for once again being named a World's Most Ethical Company."
Ethics & Performance
Ethisphere's annual practice of tracking how the stock prices of publicly traded honourees compare to the Large Cap Index found that listed 2019 World's Most Ethical Companies outperformed the large cap sector over five years by 14.4% and over three years by 10.5%.
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 standardized 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%), culture of ethics (20%), corporate citizenship and responsibility (20%), governance (15 %) and leadership and reputation (10%). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organisations.