St. Paul, Minnesota-based 3M has been recognized as one of 2017’s World’s Most Ethical Companies, according to the Scottsdale, Arizona-based Ethisphere Institute, which defines and measures corporate ethical standards and recognizes companies that excel in practicing them.
It’s the fourth year in a row that 3M has made the list. It’s one of 124 companies globally, from 19 countries in 52 industries, that made the list. 3M is one of only four industrial manufacturing companies worldwide that are on the list this year.
3M says its code of conduct is central to its business playbook and a key reason for the company’s high reputation among consumers and across many industries. Seen as a competitive advantage, 3M leaders create and promote a workplace environment where compliance and ethical business conduct are expected and encouraged through a strong tone at the top and leading by example.
“At 3M, it’s not enough to just win in business—it matters how you do it,” says Kristen Ludgate, 3M’s vice president of Associate General Counsel and chief compliance officer. “Customers want to do business with companies they can trust, and achieving that trust requires the help of all employees. I’m proud to say our people live 3M’s code of conduct every day by making ethical decisions and speaking up if they aren’t sure what to do.”