Company has earned award for seven consecutive years with dedication
to ethical business practices and sustainability
POMPANO BEACH, Fla.--(BUSINESS WIRE)--Mar. 26, 2014--
Waste Management (NYSE:WM),
a leading environmental solutions for North America, has been recognized
by the Ethisphere Institute, an independent center of research promoting
best practices in corporate ethics and governance, as a 2014 World’s
Most Ethical Company®.
This is the seventh time that Waste Management has been honored with
this award, which recognizes organizations that continue to raise the
bar on ethical leadership and corporate behavior. World’s Most Ethical
Company honorees understand the correlation between ethics, reputation
and daily interactions with their brand, and that the award belongs as
much to their associates as it does to them. Waste Management is one of
only two companies in the Environmental Services industry honored this
year.
“This recognition reflects our most fundamental commitment to keeping
the environment—and our people and our neighbors—safe,” said David
Steiner, chief executive officer and president of Waste Management. “As
an industry leader, we continue to develop strategies to extract value
from waste stream to minimize our environmental impact, while at the
same time demonstrating a culture where safety and ethics are core
beliefs.”
“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,” said
Ethisphere’s Chief Executive Officer, Timothy Erblich. “Waste Management
joins an exclusive community committed to driving performance through
leading business practices. We congratulate everyone at Waste Management
for this extraordinary achievement.”
The World's Most Ethical Company assessment is based upon the Ethisphere
Institute’s Ethics Quotient™ framework. The Ethics Quotient framework
has been developed over years of effort to provide a means to assess an
organization’s performance in an objective, consistent and standardized
way. 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. The
Ethics Quotient framework and methodology was determined, vetted and
refined by the expert advice and insights gleaned from Ethisphere’s
network of thought leaders and from the World’s Most Ethical Company
Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance
program (25%), reputation, leadership and innovation (20%), governance
(10%), corporate citizenship and responsibility (25%), and culture of
ethics (20%).
“The Florida Area Waste Management team is proud to be an integral part
of a corporate team that is honored once again for its ethics and
environmental sustainability,” said Dawn McCormick, Community Affairs
Manager for Waste Management Inc. of Florida. “We value our employees
and our customers, and look to provide the best service in the industry
every day.”
The full list of the 2014 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
ABOUT WASTE MANAGEMENT
Waste Management, Inc., based in Houston, Texas, is the leading provider
of comprehensive waste management services in North America. Through its
subsidiaries, the company provides collection, transfer, recycling and
resource recovery, and disposal services. It is also a leading
developer, operator and owner of waste-to-energy and landfill
gas-to-energy facilities in the United States. The company’s customers
include residential, commercial, industrial, and municipal customers
throughout North America. To learn more information about Waste
Management visit www.wm.com
or www.thinkgreen.com.
ABOUT THE ETHISPHERE INSTITUTE
The Ethisphere® Institute is an independent center of research, best
practices and thought leadership that promotes best practices in
corporate ethics and governance and enables organizations to improve
compliance, 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™. More information about Ethisphere can be found
at: www.ethisphere.com.
Source: Waste Management
Waste Management
Dawn McCormick, 954-226-9894
dmccormick@wm.com
or
Ethisphere
Clea
Nabozny, 480-397-2658
Clea.Nabozny@ethisphere.com