Ethisphere Announces the 2025 World’s Most Ethical Companies®

136 Honoree Companies Recognized for Leadership in Business Integrity; New Ethics Premium Data Shows Honorees Outperform Peers by 7.8%

Ethisphere, a global leader in defining and advancing the standards of ethical business practices, today announced the 136 companies that have earned the coveted designation of the World’s Most Ethical Companies in 2025. This year’s honorees span 19 countries and 44 industries.

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Ethisphere’s Five-Year Ethics Premium for 2025 is 7.8%. This represents the margin by which publicly traded companies recognized in this year’s World’s Most Ethical Companies outperformed a comparable index of global companies over a five-year period from January 2020 to January 2025. (Graphic: Business Wire)

2025 marks the 19^th annual World’s Most Ethical Companies recognition. As in previous years, honorees have demonstrated a commitment to ethical business practices through robust programs that positively impact employees, communities, and broader stakeholders, as well as contributing to sustainable, long-term business growth.

The full list of the 2025 World’s Most Ethical Companies can be found at WorldsMostEthicalCompanies.com/honorees.

Eleven companies on this year’s list are being recognized for the first time. There are also six companies—Aflac, Ecolab, International Paper, Kao Corporation, Milliken & Company, and PepsiCo—that have been recognized 19 times, every year since the inception of the World’s Most Ethical Companies® in 2007.

“Congratulations to this year’s class of honorees. These organizations understand that strong ethics is good business. Integrity-driven companies outperform financially, create talent-rich work environments, and build trust,” said Erica Salmon Byrne, Chief Strategy Officer and Executive Chair, Ethisphere. “Thank you for your hard work.”

“We are honored to be named one of the World’s Most Ethical Companies by Ethisphere for the 19th consecutive year,” said Halsey Cook, President and CEO of Milliken & Company. “At Milliken, ethical behavior is not just a goal, but a fundamental part of who we are and how we operate. We remain steadfast in our commitment to serving our customers, supporting our communities, and upholding the highest standards of ethical conduct.”

"We are incredibly proud to be recognized as one of the World’s Most Ethical Companies," said Taryn Owen, President and CEO of TrueBlue. "Our dedication to ethical decision-making and responsible business practices has always been integral to our mission of connecting people and work. This recognition is a testament to our entire team’s ethical leadership and collective commitment to maintaining the highest standards of integrity and accountability each and every day."

The Ethics Premium: Integrity Outperforms

Ethisphere’s Five-Year Ethics Premium for 2025 is 7.8%. This represents the margin by which publicly traded companies recognized in this year’s World’s Most Ethical Companies outperformed a comparable index of global companies over a five-year period from January 2020 to January 2025.

“For the many years that Ethisphere has tracked the equity performance of public honoree companies, the Ethics Premium has shown consistently that the programs and practices behind a World’s Most Ethical Companies recognition are also market-tested for success,” Salmon Byrne added. “The Ethics Premium proves without a doubt that strong ethics really is good business.”

Methodology

The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient®, which requires companies to provide 240+ different proof points on practices that support robust ethics and compliance; governance; a culture of ethics; environmental and social impact; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify best-in-class practices from organizations across industries and from around the world.

Each applicant receives access to an analytical Scorecard experience providing an overview of how the applicant scored against the World’s Most Ethical Companies honorees in key categories along with expert insights and resources.

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About Ethisphere

Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, and deliver business success. Companies turn ethics, compliance, and culture into a business advantage by leveraging Ethisphere’s data-driven program and culture assessments featuring the latest guidance and the practices of hundreds of global organizations across the 8 pillars of an ethical culture, and 240+ ethics, compliance, social, and governance data points delivered through a proprietary software platform. Ethisphere also honors superior integrity programs through World’s Most Ethical Companies® recognition, brings together a community of industry experts with the Business Ethics Leadership Alliance (BELA), and advances ethical business practices through the Global Ethics Summit, Ethisphere Magazine and the Ethicast podcast. For more information, visit Ethisphere.com.

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