The Gemological Institute of America (GIA) in a press release dated March 20, 2014 announced that the Ethisphere Institute, an internationally recognized independent center of research that promotes best practices in corporate ethics and compliance and honors superior achievement through its World’s Most Ethical Companies recognition program, has named the GIA as one of the 2014 World’s Most Ethical Companies. The GIA listed as a company providing professional, scientific and technical services, is one of the 144 honorees worldwide who have achieved the designation of the World’s Most Ethical Companies for 2014. In this eighth year of recognizing companies, Ethisphere is honoring the largest group of organizations based outside the U.S. – 38 organizations from 21 countries and 5 continents. The 144 honorees for 2014 include 21 first-time honorees, which means the remaining 123 companies are receiving the recognition for two or more times, including the GIA which is receiving the recognition for the second successive year.
The World’s Most Ethical (WME) Companies designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action. WME honorees not only promote ethical business standards and practices internally, they exceed legal compliance minimums and shape future industry standards by introducing best practices today.
The designation as a 2014 World’s Most Ethical Company not only recognizes GIA’s continued efforts to build and maintain a superior ethics and compliance program, but also its mission to ensure the public trust in gems and jewelry through research discoveries, education, laboratory services and instrument development.
“We’re honored to be recognized by the Ethisphere Institute for the second consecutive year. This designation is truly a testament to the tremendous dedication of GIA staff to conduct every aspect of our global activities with the utmost integrity and according to the best principles of ethical business practice. Everything we do revolves around GIA’s public-benefit mission, and our compliance program is always a priority,” said Susan Jacques, GIA’s president and CEO.
Congratulating GIA for its extraordinary achievement, joining an exclusive community committed to driving performance through leading business practices, Timothy Erblich, Ethisphere’s Chief Executive Officer said, “The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust, and that ethics and good governance are key in earning it.”
To be included in the annual list of the World’s Most Ethical Companies, organizations must demonstrate an active role in promoting ethical business practices internally and exceeding legal compliance standards. The Ethisphere Institute is an independent research center dedicated to promoting best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.
The Ethisphere Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and compliance and enables organizations to improve governance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World’s Most Ethical Companies’ recognition program, and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside Certification, Compliance Leader Verification and Anti-Corruption Program Verification.