MELVILLE, N.Y., Feb. 26, 2019 /PRNewswire/ -- In its continual strive to take a proactive approach to corporate social responsibility initiatives and maintain strong standing as a good corporate citizen, Canon U.S.A., Inc., a leader in digital imaging solutions, received recognition as one of the 2019 World's Most Ethical Companies. For the second year in a row, the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, bestowed the honor upon Canon as a company that makes it a mission to affect positive change in business communities across the nation.
"Today, employees, investors, and stakeholders are putting their greatest trust in companies to take leadership on societal issues," said Timothy Erblich, chief executive officer, Ethisphere. "Companies that take the long view with a purpose-based strategy are proven to not only outperform, but last. I congratulate everyone at Canon for earning this recognition."
The World's Most Ethical Companies assessment is based upon the Ethisphere Institute's Ethics Quotient (EQ) framework, which offers a quantitative way to assess a company's performance in an objective, consistent, and standardized manner. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
"For the Ethisphere to honor Canon with this renowned title is a true reflection of the values, culture, and leadership that drive our organization," said Kenneth Sharpe, vice president, corporate audit, ethics and business consultation, Canon U.S.A., Inc. "This distinction directly speaks to our versatility and dedication to helping serve our communities through our advanced solutions and initiatives."
In 2019, 128 honorees were recognized, spanning 21 countries and 50 industries. The thirteenth class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
Scores are generated in five key categories: ethics and compliance program (35 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent), and leadership and reputation (10 percent).
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.
About Canon U.S.A., Inc.
Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions to the United States and to Latin America and the Caribbean markets. With approximately $36 billion in global revenue, its parent company, Canon Inc. (NYSE: CAJ), ranks third overall in U.S. patents granted in 2018† and is one of Fortune Magazine's World's Most Admired Companies in 2019. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/rss and follow us on Twitter @CanonUSA.
†Based on weekly patent counts issued by United States Patent and Trademark Office.
SOURCE Canon U.S.A., Inc.