Grupo Bimbo, the largest baking company in the world, has been recognized for the seventh consecutive year as one of the “World’s Most Ethical Companies”, according to an analysis conducted by Ethisphere, the global leader in the definition and promotion of ethical corporate standards. In the 2023 edition, 135 companies from 19 countries, and across 48 industries were listed.
Ethisphere recognized Grupo Bimbo because of its commitment to ethical corporate practices, which have a positive impact on its associates, the communities in which it operates, and other key audiences. Some of the practices the leading bakery supports on a global level to maintain its commitment to integrity are the publication and updating of its Code of Ethics. In this Code, the highest standards of conduct are established for behavior inside and outside the organization, as well as guidelines for the interaction of interest groups.
Similarly, the company has a Global Integrity Policy, the guidelines of which ensure that anti-corruption laws are understood and complied with. Additionally, in its Global Agriculture Policy, the company shares its vision of practices that support economic, environmental, and social resilience, with a commitment to promote these practices through the entire value chain.
Ignacio Stepancic, Global Compliance Leader, said: “For Grupo Bimbo, acting with integrity is a priority. All of us who are a part of this great family are trained and sensitized in the importance of normative compliance because we are convinced that being a global ethical company is an everyday task and one for each person that works here. This year, we are the only Mexican company in the listing, and it is undoubtedly a milestone of which we are very proud. We hope that more companies apply to Ethisphere and are recognized for how they act toward their different stakeholders.”.
Erica Salmon Byrne, Ethisphere’s CEP, added: “Ethics matters. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance,” said Ethisphere CEO, Erica Salmon Byrne. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership. Congratulations to Grupo Bimbo for earning a place in the World’s Most Ethical Companies community.”
Methodology and scoring used by Ethisphere Institute
Based on the Ethics Quotient® patented by Ethisphere, the evaluation process for the World’s Most Ethical Companies includes over 200 questions about culture, environmental and social practices, ethical activities and compliance, governance, diversity, and initiatives to support a solid value chain. The process serves as an operational framework to detect and standardize the best practices of organizations in all sectors around the world.
The complete list of the World’s Most Ethical Companies 2023 can be found at: https://worldsmostethicalcompanies.com/honorees.