The Ethisphere Institute is a for-profit company that defines and measures corporate ethical standards, recognizes companies that excel, and promotes

best practices A best practice is a method or technique that has been generally accepted as superior to other known alternatives because it often produces results that are superior to those achieved by other means or because it has become a standard way of doing ...

corporate ethics Business ethics (also known as Corporate Ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business c ...

. The company is located in

Scottsdale, Arizona , settlement_type = City , named_for = Winfield Scott , image_skyline = , image_seal = Seal of Scottsdale (Arizona).svg , image_blank_emblem = City of Scottsdale Script Logo.svg , nic ...

. The company publishes ''Ethisphere Magazine'' and announces its World's Most Ethical Companies award once a year. The company also offers verification services for corporate ethics under such names as "Ethics Inside Certification" and "Compliance Leader Verification". It hosts the Global Ethics Summit every March in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

and manages a community of compliance, ethics and legal professionals known as BELA, the Business Ethics Leadership Alliance.

Operations

The Executive Chairman of Ethisphere, Alex Brigham, created the institute in 2007, as part of Corpedia, a compliance training company. In 2010, Corpedia was sold but Ethisphere's ownership was retained by Brigham. Tim Erblich is Ethisphere's CEO.

Criticism

Ethisphere has been criticized for its

business model A business model describes how an organization creates, delivers, and captures value,''Business Model Generation'', Alexander Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, self-published, 2010 in economic, soci ...

and the possible

conflict of interest A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations i ...

created when other companies pay for an assessment. Ethisphere assesses companies based on self-reported data and a survey. Companies dubbed "most ethical" by Ethisphere include

Eastman Chemical Eastman Chemical Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, today it is an independent global specialty materials company that produces a broad range of advanced materials, chemicals an ...

and

Blue Shield of California Blue Shield of California is a mutual benefit corporation and health plan founded in 1939 by the California Medical Association. It is based in Oakland, California, and serves 4.5 million health plan members and more than 65,000 physicians acr ...

, despite the involvement of both in major public scandals at the time. Companies that are recognized often advertise for Ethisphere and pay additional licensing fees for the right to use the year-specific World’s Most Ethical Companies logo.

References

External links

* {{official website, http://ethisphere.com/ Management consulting firms of the United States Business ethics organizations Consulting firms established in 2007 Companies based in Scottsdale, Arizona 2007 establishments in Arizona