Baking company, Grupo Bimbo, has been recognised for the sixth time by Ethisphere, a specialist in defining and advancing the standards of ethical business practices, as one of the 2022 World’s Most Ethical Companies

Ethisphere evaluates businesses’ regulatory behaviour, social responsibility, ethical culture, corporate governance and leadership, innovation, and reputation. Grupo Bimbo is the only Mexican company that made the list and has kept its place for six years in a row. In 2022, 136 honourees were recognised spanning 22 countries and 45 industries.

“Being recognised as an ethical company means much more than just complying with organisational policy and regulations. It is about transcending in time, inspiring all our associates to proceed with integrity and, above all, with a true conviction to do and say the right things,” said Daniel Servitje, CEO of Grupo Bimbo.

“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honourees and their dedication to integrity, sustainability, governance, and community. Congratulations to Grupo Bimbo for earning the World’s Most Ethical Companies designation.”

Ethics & Performance

Grupo Bimbo continues driving its commitment to integrity and competence through global actions that reach the countries where it has presence. Among its actions, Grupo Bimbo has published its Global Agriculture Policy to share its vision of agricultural practices that support economic, environmental, and social resilience — a commitment to promote these practices in all its supply chains. Furthermore, it has a Global Integrity Policy, which sets both the guidelines and parameters to ensure the understanding and compliance of anti-corruption laws.

Also, it continuously reinforces its staff of associates and suppliers, through annual general and focused training courses on this topic.

Ethisphere Institute’s methodology & scoring

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.

Image credit: Grupo Bimbo

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Editor: Kiran Grewal