Granite Named as a 2016 World’s Most Ethical Company by the Ethisphere Institute for the 7th Year
One of two in Construction & Building Materials category
WATSONVILLE, Calif. – March 7, 2016 – Granite Construction Incorporated (NYSE:GVA), a diversified heavy civil contractor and construction materials producer, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World’s Most Ethical Company®.
This year marks the tenth anniversary of Ethisphere and the World’s Most Ethical Companies designation, which recognizes those companies who align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow’s best practices today.
Granite is a seven-time award winner, and is one of only two in the Construction & Building Materials category underscoring their commitment to leading ethical business standards and practices.
“Being named as one of the World’s Most Ethical Companies for the seventh year in a row is an honor and testament to our employees who personify our core values,” said James H. Roberts, president and chief executive officer, Granite Construction Incorporated. “Our employees are committed to honoring and maintaining our founder’s high standard of conduct, ensuring that all Granite customers and stakeholders are well-served.”
“Granite's commitment to sound values, programs and policies is embedded within the organization beginning with its Founders Guide to Future Generations and continuing today," stated Ethisphere's Chief Executive Officer, Timothy Erblich. "By honoring Granite for the seventh time in a row, we're recognizing their leadership and execution in living their core values. Congratulations to everyone at Granite Construction for being recognized as a 2016 World's Most Ethical Company.
Methodology & Scoring
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere’s World’s Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company’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.
Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
The full list of the 2016 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2016 honorees will be released in the form of a whitepaper and infographics over the next few months (download the 2015 insights). Organizations interested in how they compare to the World’s Most Ethical Companies are invited to participate in the Ethics Quotient.
Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE: GVA) is recognized as one of the largest diversified construction companies and construction materials producers in the U.S. Granite is an award-winning firm in safety, quality and environmental stewardship, and is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com.
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. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere magazine. More information about Ethisphere can be found at: http://ethisphere.com.