MEMPHIS, TN -- International Paper, a manufacturer and distributor of forest products, was named one of the World's Most Ethical Companies by Ethisphere Magazine, a national publication offering insight on gaining market share and creating sustainable competitive advantage through ethical business practices and corporate citizenship. International Paper was recognized for its leadership in ethics and compliance, advancement of industry discourse on social and ethical issues and positive engagement in the communities in which it operates.
"We're very proud to be recognized as one of the world's most ethical companies," said John Faraci, International Paper chairman and CEO. "We believe strongly in operating according to the highest ethical standards, and that is reflected in the way we do business across the globe. From our efforts to ensure the sustainability of the world's forests and our contributions to the communities in which we live and work, to the engagement of our employees and our strong corporate governance, our Code of Business Ethics is at the center of what we do every day."
The process included reviewing companies' codes of ethics and governance, litigation and regulatory infraction histories; evaluating investment in innovation and sustainable business practices; looking at companies' activities to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback and rating.
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