Saltchuk Named as a 2014 World's Most Ethical Company
Ethisphere Institute honors Saltchuk companies and the culture of ethics that unites them.
SEATTLE, WA – March 21, 2014 – Saltchuk, one of the nation’s leading freight transportation and distribution companies, 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 Saltchuk has been considered for this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. Saltchuk is one of only three companies in the transportation & logistics industry honored this year.
“The more than 6,500 employees of Saltchuk companies deserve the real honors,” says Saltchuk President, Tim Engle. “They live our values each day and take to heart that that the communities and customers we serve rely on us. A culture of ethics requires each employee make a personal commitment to live up to our organizational standards.”
“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. “Saltchuk joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Saltchuk for this extraordinary achievement.”
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ 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-
Saltchuk, a second generation Seattle-based, family-owned business, is one of the nation’s leading freight transportation and petroleum distribution companies. Saltchuk and its five main subsidiary groups: Foss, TOTE, Interstate, Northern Aviation Services and North Star Petroleum employ more than 6,500 people nationwide. For more information about Saltchuk go to: www.saltchuk.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™ and Anti-Corruption Program Verification™. More information about Ethisphere can be found at: www.ethisphere.com.