Being ethical pays…
– Ethisphere has released its latest annual list of “most ethical” companies.
– One study shows that an index of companies on this list outperformed a general large cap index.
I’ve always thought of myself with someone with integrity. It’s one of the reasons why I wanted to be my own boss. I could treat my employees, my customers, my community, in a way that I think they deserve to be treated.
So I was intrigued when I saw this blog by Radical Compliance’s Matt Kelly about Ethisphere’s “World’s Most Ethical” list. Here’s an excerpt from that blog:
For cynics out there who say devotion to ethics doesn’t bring any extra financial return, please note that Ethisphere calculated what it calls “the Ethics Premium” — the stock performance of WME 2021 winners over the last five years, versus a general large cap index over the same five years. This year’s winners outperformed that large-cap average group by 7.1 percent.
So yes, perhaps ethics does pay. At least in this small sample size. And I imagine being on this “most ethical” list helps recruit employees – and even customers…