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Ethisphere names Gap among world's most ethical companies
Mar '15
US apparel marketer Gap Inc said it has been honoured for the ninth consecutive year by the Ethisphere Institute in recognition of fostering a culture of ethics and transparency at every level of the company.

According to a Gap press release, it is one of only fifteen to have been honoured every year since the list’s inception, underscoring Gap,’s commitment to leading ethical business standards and practices.

“We value and strive for ethical behaviour and responsible practice in every role and function at Gap Inc.,” said Michelle Banks, executive vice president, global sustainability and chief compliance officer.

Banks added, “We are honoured to be recognised again this year and remain committed to doing business with integrity.”

Gap Inc. received qualifying scores across five categories including ethics and compliance; corporate citizenship and responsibility; culture of ethics, governance, and leadership; innovation; and reputation.

“Earning this recognition involves the collective action of a global workforce from the top down” said Ethisphere CEO, Timothy Erblich.

He too added, “We congratulate everyone at Gap Inc. for this extraordinary achievement.”

Gap Inc. is a global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands.

Fiscal year 2014 net sales amounted to $16.4 billion and its products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores and over 400 franchise stores.

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.

Ethisphere honours superior achievement through its World’s Most Ethical Companies recognition program.

Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs. (AR)

Fibre2fashion News Desk - India

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