Nokia named one of the World's Most Ethical CompaniesSubmitted by cntnokia on Tue, 02/13/2018 - 16:33
Nokia has been honored by Ethisphere as one of the 2018 World’s Most Ethical Companies in the telecommunications category.
This award is given annually by Ethisphere, the leading organization for corporate ethics and compliance, following a rigorous and objective evaluation of the company’s policies, processes, social responsibility, governance, and compliance culture. The World's Most Ethical Companies® designation honors companies who recognize their critical role to influence and drive positive change in the business community and societies around the world and work to maximize their impact wherever possible.
"We are honored to be recognized as one of the World’s Most Ethical companies. Doing business the right way is the Nokia way – and has been for more than 150 years." - says Rajeev Suri President and CEO in Nokia.
Companies are assessed 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. 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). Ethisphere’ s research indicates that stock of companies that receive this award typically trade at more than a 6% premium, referred to as an “ethics premium.”