WESTCHESTER, Ill., March 20, 2014 - Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to diversified industries,announced today that it has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World's Most Ethical Company®.
This is the first time that Ingredion has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. Ingredion is one of only five companies in the food and beverage products industry honored this year.
"It is a tremendous honor to be named one of the World's Most Ethical Companies," said Ingredion CEO Ilene Gordon. "Every day we strive to live up to the highest standards of ethical business conduct and this recognition confirms that we are succeeding. From our directors and executive leaders to our dedicated employees around the world, I am proud of all who are committed to advancing our long-standing reputation as an ethical company."
"The entire community of World's Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Ingredion joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Ingredion for this extraordinary achievement."
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient(TM) framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization's performance in an objective, consistent and standardized way. 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. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere's network of thought leaders and from the World's Most Ethical Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).
The full list of the 2014 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
ABOUT THE COMPANY
Ingredion Incorporated (NYSE:INGR) is a leading global ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. With customers in more than 40 countries, Ingredion serves approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. For more information, visit ingredion.com.
ABOUT THE ETHISPHERE INSTITUTE
The Ethisphere® Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and governance and enables organizations to improve compliance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World's Most Ethical Companies® recognition program and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification(TM) and Anti-Corruption Program Verification(TM). More information about Ethisphere can be found at: www.ethisphere.com.
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