Thanks to eBay’s standard of business ethics, the global online marketplace has been recognized for a second time by a leading business ethics think tank.
eBay Inc. has been named one of the “World’s Most Ethical Companies” by the Ethisphere Institute. Of the record 145 companies to make the list this year, eBay is the only one to be listed in the “e-commerce” category.
“Every day, we promise our employees and our customers that we will conduct ourselves and our business with the highest level of integrity, and this honor recognizes that commitment,” says eBay CEO John Donahoe.
To be recognized, a company must not only promote ethical business practices, but also go beyond the legal compliance minimums and reshape industry standards for the future. Ethisphere looks at a nominated company’s adherence to its codes, its track record, investments in innovative and sustainable practices, and improved corporate citizenship, among other practices.
“This year’s winners know that a strong ethics program is a key component to a successful business model, and they continue to scrutinize their ethical standards to keep up with an ever-changing regulatory environment,” says Alex Brigham, executive director of Ethisphere. “Corporate ethics has become much more important globally, as well, and that is reflected in the truly global nature of this year’s honorees.”
The World’s Most Ethical Companies list has been ranking business practices since 2007. Twenty-three companies have made the list all six years. eBay received its first honor in 2011, listed in the “auctions” category.
