El Segundo, CA, March 25, 2010 --(PR.com
)-- The Aerospace Corporation has been named one of the World's Most Ethical Companies in 2010 by the Ethisphere Institute. Out of a record number of nominations for the award, Aerospace secured a hard-earned spot on the list through outstanding business practices and initiatives that are instrumental to the company’s success, benefit the community, and raise the bar for ethical standards within the industry.
"The Aerospace Corporation is honored to once again be named one of the World's Most Ethical Companies," said Dr. Wanda Austin, president and CEO of The Aerospace Corporation. "Through our ethics program, we strive for every employee to understand our high standards and how their actions help us achieve our promise to deliver 100 percent mission success."
This is the fourth year Ethisphere, a think-tank dedicated to the creation, advancement, and sharing of best practices in business ethics, corporate social responsibility, anticorruption, and sustainability, has published the WME rankings, which appear in Ethisphere Magazine's Q1 issue.
Through a rigorous, multistep evaluation process, Ethisphere's researchers and analysts reviewed more than 10,000 companies in order to determine the finalists.
"The Aerospace Corporation has proven to be one of the world leaders in upholding high ethical standards, making it a true standout in its industry, especially as unethical business actions and decisions grab headlines each day," said Alex Brigham, executive director of the Ethisphere Institute. "The competition for this year's World's Most Ethical Companies was very strong and we applaud Aerospace for rising to the top."
The methodology for the WME ranking includes reviewing codes of ethics, litigation, and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers, and customers; and working with consumer action groups for feedback. The 2009 World's Most Ethical Companies methodology committee, comprised of leading attorneys, government officials, professors, and organization leaders, were consulted early on in the 2009 WME process and had the opportunity to review and comment on the methodology used to rate this year's nominees. Ethisphere researchers further analyze information provided by the companies through questionnaires.
About The Aerospace Corporation
The Aerospace Corporation, based in El Segundo, Calif., is a nonprofit organization that provides technical guidance and advice on all aspects of space missions to military, intelligence, civil and commercial customers to assure space mission success.
About Ethisphere Institute
The research-based Ethisphere Institute is a leading international think tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. The Institute’s associated membership group, the Ethisphere Council, is a forum for business ethics that includes over 200 leading corporations, universities and institutions. The Ethisphere Council is dedicated to the development and advancement of individuals on its membership council through increased efficiency, innovation, tools, mentoring, advice, and unique career opportunities. Ethisphere magazine, which publishes the globally recognized World’s Most Ethical Companies Ranking™, is the quarterly publication of the Institute. More information on the Ethisphere Institute, including ranking projects and membership, can be found at www.ethisphere.com.
For more information contact : Pam Keeton