Recently, it seems that the topic of ethics has been often used to put a negative image on companies who aren’t doing their best in the areas of social and environmental responsibility. Instead of pointing out which companies are bad, Ethisphere Institute took another route, and turned the spotlight to the companies that deserve the recognition in doing business fairly and ethically by creating the World’s Most Ethical companies list.
Hasbro, the company that brought us Play-doh, Monopoly, and Twister, has now made the list of 145 of the world’s most ethical businesses by Ethisphere for the second year in a row. Every year, 5000 companies are nominated or nominated by themselves to make this prestigious list of 145.
Hasbro’s mission to eliminate the use of PVC (hard plastic used to package toys) in their product’s packaging has earned the toy brand giant a spot on the list. In addition to decreasing plastic use in their packaging, Hasbro has always begun using recycled paper in the their packaging and sources the rest of the non-recycled paper from companies that practice forest management.
Personally, I am delighted to see that many more companies have begun to figure out that sustainability and ethical business practices can also be correlated to higher financial performance. Previously, when I thought about ethics, Enron and Nike would be the first to come to mind. However, seeing Hasbro, a company that has nothing to do with oil or child workers trying to make a difference in their own way is truly an eye opener.
Here is a video about Hasbro’s work in Ethics.