Pet specialty retailer Petco 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 third time Petco has been honored with the 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 among ethics, reputation and daily interactions with their brand, and that the award belongs as much to their associates as it does to them. Petco is one of only five U.S. retailers honored this year.
"Doing the right thing for our customers, partners, animals and the communities we serve has always been a top priority for Petco," said CEO Jim Myers. "Ethics, integrity and social responsibility are critical factors in our ability to fulfill our vision for 'Healthier Pets. Happier People. Better World'. It's an honor to continue to receive this recognition."
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.
The full list of the 2014 World's Most Ethical Companies can be found at www.ethisphere.com/worlds-most-ethical/wme-honorees/.
By Lindsay Beaton
Giving back is a significant part of the pet food industry, and companies focused on philanthropy want to make connections, not just donations.
By Ann Reus