EU COMPANIES CAN IMPROVE IN ETHICS

Each year the U.S. based Ethisphere Institute makes a listing of the World's Most Ethical Companies. The evaluation process is based on such criteria as Ethics and Compliance Programmes; Reputation, Leadership and Innovation; Governance; Corporate Citizenship and Responsibility; and Culture of Ethics. There is no set number of companies that make the listing each year. Rather the World's Most Ethical Companies designation is awarded to those companies that have leading ethics and compliance programmes as they compare to their industry peers.

In 2011, 110 companies were listed, but only 23 EU companies or 21% of total made it.

AALEP congratulates the following EU companies:

• The Rezidor Hotel Group (Belgium)
• Umicore (Belgium)
• Vestas Wind (Denmark)
• Stora Enso Oyj (Finland)
• Kesko (Finland)
• Schneider Electric (France)
• Unibail-Rodamco (France)
• Adidas (Germany)
• Henkel (Germany)
• CRH (Ireland)
• Accenture (Ireland)
• Rabobank (The Netherlands)
• Royal Philips (The Netherlands)
• Sonae (Portugal)
• Indra Sistemas (Spain)
• Sweden (Electrolux)
• SCA (Sweden)
• Hennes & Mauritz (Sweden)
• Standard Chartered Bank (United Kingdom)
• Premier Farnell (United Kingdom)
• British Land Plc (United KIngdom)
• Northumbrian Water (United Kingdom)
• The-Cooperative Group (United Kingdom)