Illycaffè named one of world’s most ethical companies

The Ethisphere Institute has included illycaffè on its 2019 World's Most Ethical Companies list. Illycaffè has been recognised on the list for the past seven years, is one of only three honourees in the food, beverage and agriculture industry, and the only company from Italy to make the 2019 list. “Ethics are essential to the long-term sustainability of any organisation, which is not built overnight, but as a core value that is aligned with measurable commitments and actions”, says Andrea Illy, Chairman of illycaffè and author of A Coffee Dream and Espresso Coffee: The Science of Quality. “The role of the private sector is key to creating a sustainable society, of which companies represent the building blocks. If we want a better society for the next generations, we need to start from better companies. We are proud to be recognised by the Ethisphere Institute and thank them for their continued role in recognising ethics leadership and building a community that advances ethical business practices.” In 2019, 128 honourees were recognised spanning 21 countries and 50 industries. Illy says the thirteenth class of honourees illustrates 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. “Today, employees, investors, and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last,” says Timothy Erblich, Chief Executive Officer of Ethisphere's. “I congratulate everyone at illycaffè for earning this recognition.” The World's Most Ethical Companies assessment is based upon the Ethisphere Institute's Ethics Quotient (EQ) framework. Ethisphere says the EQ offers a quantitative way to assess a company's performance in an objective, consistent and standardised manner. Scores are generated in five key categories: ethics and compliance program (35 per cent), culture of ethics (20 per cent), corporate citizenship and responsibility (20 per cent), governance (15 per cent) and leadership and reputation (10 per cent). 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 2019 World's Most Ethical Companies can be found at here.