For Grupo Bimbo, ethics is much more than a commitment, it is part of the DNA of our company and people; it is the way in which we carry out our activities every day; it is the essence under which every morning we set out on the path that puts us on the road to fulfill our purpose of Nourishing a Better World.
Daniel Servitje, Chairman and CEO of Grupo Bimbo
Grupo Bimbo, the world's leading baking company, ratifies its commitment to global best practices by being recognized in the 2021 edition, and for five consecutive years, as one of the most ethical companies in the world according to the list prepared by The Ethisphere Institute, a firm that recognizes companies that consider ethical commitment as one of the guiding principles in their day-to-day operations.
The list of The World's Most Ethical Companies is governed by the Ethics Quotient, a classification system patented by The Ethisphere Institute, which evaluates the information of each of the companies in five key indicators with different degrees of relevance, that are: Regulatory Compliance, which is the most important aspect, representing 35% of the total score; Social Responsibility, 20%; Ethical Culture, 20%; Corporate Governance, representing 15%; and Leadership, Innovation and Reputation, representing 10% of the total score.
“While addressing the tough challenges of 2020, we saw companies lead – above all other institutions – on earning the trust of stakeholders through resilience and a commitment to ethics and integrity,” said Ethisphere CEO, Timothy Erblich. “The World’s Most Ethical Companies honorees continue to demonstrate an unwavering commitment to the highest values and positively impacting the communities they serve. Congratulations to Grupo Bimbo for being included in this list for five consecutive years, which undoubtedly shows that its performance is governed day by day under the highest standards of ethics and compliance in the business world, with all the commitment that this requires,” Erblich commented.
It is important to mention that the process includes more than 200 questions that companies must answer about their culture, environmental and social practices, ethics and compliance activities, governance, diversity and, finally, the initiatives they execute to create a robust value chain.
"For Grupo Bimbo, ethics is much more than a commitment, it is part of the DNA of our company and people; it is the way in which we carry out our activities every day; it is the essence under which every morning we set out on the path that puts us on the road to fulfill our purpose of Nourishing a Better World," said Daniel Servitje, Chairman and CEO of Grupo Bimbo. "Thanks to our more than 135,000 associates, this recognition is the result of their commitment, and thanks to Ethisphere, we are honored to receive this distinction for the fifth year," added Servitje.
In this year's edition, The Ethisphere Institute's World's Most Ethical Companies list includes a total of 135 companies from 22 countries and 47 different industries.
For more information on the complete 2021 Most Ethical Companies list go to https://www.worldsmostethicalcompanies.com/
Grupo Bimbo is the sum of the efforts of all its associates; hence, the distinction as one of the World's Most Ethical Companies is not only a source of satisfaction, but also a recognition to the entire team for its contribution to this great achievement, which reaffirms its commitment to make the world a better place for everyone.