Home » News » 01/06 » GlaxoSmithKline, Merck and Bristol Myers Squibb "the world's most ethical companies"

GlaxoSmithKline, Merck and Bristol Myers Squibb "the world's most ethical companies"

Date published: 09/01/2006

The world's most ethnical companies are all in the pharmaceutical industry, according to a report. Covalence, a Swiss organisation which rates the ethical behaviour of the world's top firms, said that GlaxoSmithKline, Merck and Bristol Myers Squibb had come top of their 2005 annual EthicalQuote rankings.

The rankings rate firms by their performance in 45 different areas, including waste management, labour standards, human rights policies and the social utilities of the company's products. "The system integrates thousands of documents found among media, enterprise, NGO and other sources, for producing the EthicalQuote curves," it said. "These curves measure the historical evolution of the reputation of companies regarding ethical issues."

Quotes are generated by assessing positive news and negative news on firms from the internet, adding or deducting one point from the company's rating respectively.

Commenting on the findings, Medicines Australia CEO said: "These findings fly in the face of the occasional grumbles we see in the media about innovative pharmaceutical companies. You simply cannot be rated so highly in the area of ethics without a genuine commitment, backed by action."

© Adfero Ltd

Disclaimer

AllAboutMedicalSales excludes any warranty, express or implied, as to the quality, accuracy, timeliness, completeness or fitness for a particular purpose of this briefing. AllAboutMedicalSales will not be liable for any claims, penalties, losses, damages, costs, or expenses arising from the use of or inability to use this briefing or from any unauthorised access to or alteration of the Briefing. AllAboutMedicalSales makes no warranty that the contents of this briefing are compatible with all computer systems and browsers.