Italian coffee roaster illycaffè has been recognised by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2021 World’s Most Ethical Companies. This year marks the Company’s ninth consecutive honour.
Illycaffè says it regards upholding the highest ethical standards as fundamental to its operations. The company maintains a longstanding commitment to improving the quality of life for all of its stakeholders, from farmers to consumers.
“Maintaining and promoting strong ethics and values are essential to affecting positive change throughout our global society, as is recognising the private sector’s essential role in creating a world that is more socially, economically and environmentally sustainable now and for generations to come,” says Andrea Illy, Chairman of illycaffè.
“One of our current major focus is reducing our environmental impact throughout the entire supply chain, one meaningful, measurable step at a time, with the ultimate goal to be carbon neutral by 2033. We are proud to be recognised by the Ethisphere Institute for our stewardship and commitment to ethical business practices and thank them for their continued role in inspiring companies to be and do their best for the world.”
Illycaffè is the only Italian company to receive this honour and is one of only six recipients in the Food, Beverage & Agriculture category. In total, 135 honourees were recognised, spanning 22 countries and 47 industries for 2021.
“While addressing the tough challenges of 2020, we saw companies lead – above all other institutions – on earning the trust of stakeholders through resilience and a commitment to ethics and integrity,” says Ethisphere CEO, Timothy Erblich.
“The World’s Most Ethical Companies honorees continue to demonstrate an unwavering commitment to the highest values and positively impacting the communities they serve. Congratulations to everyone at illycaffè for earning the World’s Most Ethical Companies designation.”
Grounded in Ethisphere’s proprietary Ethics Quotient, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organisations across industries and around the globe.
This year, the process was streamlined and question set expanded to gauge how applicants are adapting and responding to the global health pandemic, environmental, social, and governance factors, safety, equity, and inclusion and social justice.
Fore more information, visit worldsmostethicalcompanies.com/honorees