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Institute names TOTE one of world’s most ethical companies

Feb 12, 2018 10:00 AM

(PRINCETON, N.J.) — TOTE, a leading maritime transportation company in the United States, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the world’s most ethical companies for 2018.

This is the first time TOTE has been recognized and TOTE is one of only two honorees in the logistics and transportation industry, underscoring its commitment to leading with integrity and prioritizing ethical business practices.

In 2018, 135 honorees were recognized, spanning 23 countries and 57 industries. The 12th class of honorees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honorees.

“TOTE is honored to be named one of the world’s most ethical companies for 2018," said Anthony Chiarello, president and CEO of TOTE. “This award is a reflection of the TOTE employees and their dedication to and embodiment of the company’s values — safety, commitment and integrity. It is also a reflection of TOTE’s focus on ethics and integrity and their role in past and future successes.”

“While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society’s strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The world’s most ethical companies in particular continued to show exemplary leadership,” said Ethisphere CEO Timothy Erblich. "I congratulate everyone at TOTE for being recognized as one of the world's most ethical companies."

The assessment is 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. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.

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). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.

The full list of the 2018 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.

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