HORSHAM, PA — Grupo Bimbo, the world’s largest baking company, continues to make its mark not just in the bakery aisle, but in the realm of business ethics as well. For the eighth year running, the global giant has been named one of the “World’s Most Ethical Companies” by Ethisphere, an international leader in defining and advancing standards of ethical business practices.
Ethisphere’s recognition is a testament to Grupo Bimbo’s unwavering commitment to business integrity, ethics, governance, and compliance, as well as its dedication to creating a positive impact for consumers. The company’s recent update of its Code of Ethics, which sets forth exemplary standards of behavior within the organization and in dealings with stakeholders, reaffirms its commitment to ethical conduct.
The baking behemoth operates under the guiding principles of what it calls its “Golden Rule,” a code emphasizing respect, fairness, trust, and appreciation. This ethos permeates the company’s culture, fostering a supportive workplace environment where human rights are promoted and respected throughout its value chain and the communities in which it operates.
Ignacio Stepancic, Global Leader of Regulatory Compliance at Grupo Bimbo, expressed gratitude for the recognition and highlighted the role of the company’s associates in upholding its ethical standards. He stated, “Ethics goes beyond words because it is based on a continuous commitment to do and say the right thing.”
Ethisphere’s methodology for determining the World’s Most Ethical Companies involves a comprehensive assessment based on over 240 questions spanning culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives supporting a strong value chain.
This rigorous evaluation process serves as a framework for identifying and standardizing exceptional practices among organizations across all sectors worldwide. According to Ethisphere, the performance of the companies recognized in 2024 surpassed the comparable index of global firms by 12.3 percentage points from January 2019 to January 2024.
Grupo Bimbo’s continued recognition as an ethical leader signals the company’s commitment to maintaining its high standards and fostering a culture of integrity in an ever-evolving business landscape.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.