2018 marks the third time that Elbit Systems of America has been recognized as one of the World’s Most Ethical Companies
FORT WORTH – February 14, 2018 – Elbit Systems of America, LLC was recognized by the Ethisphere Institute as one of the 2018 World’s Most Ethical Companies. Ethisphere is a global leader in defining and advancing the standards of ethical business practices.
For 2018, Elbit Systems of America is one of only two honorees in the Aerospace and Defense industry, underscoring a continued commitment to leading with integrity and prioritizing ethical business practices. 2018 also marks the third time that Elbit Systems of America has been recognized by Ethisphere as one of the World’s Most Ethical Companies. The company was previously recognized in 2014 and 2015.
“It is a tremendous honor for Elbit Systems of America to be named for the third time as one of the World’s Most Ethical Companies,” stated Raanan Horowitz, ESA President and CEO. “This recognition underscores our employees’ continuous commitment to operate with integrity and do what’s right for our customers. I am extremely proud of our 1,600 employees. This recognition is attributable to their shared and deep commitment to our company culture and values.”
According to Ethisphere, 135 honorees were recognized in 2018, spanning 24 countries and 57 industries. The twelfth class of honorees 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 honorees.
“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. "I congratulate everyone at Elbit Systems of America for being recognized as one of the World's Most Ethical Companies."
Ethics & Performance
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 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 percent), corporate citizenship 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 organizations.
Honorees
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 by Ethisphere in a report and webcast in March and April of this year. Sign up to receive the Ethisphere report.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.
