San Francisco -- Gap Inc., Petco Animal Supplies, Levi Strauss are the only U.S. retail brands to be recognized by the Ethisphere Institute as a 2015 World’s Most Ethical Company.
The annual designation, which recognizes organizations that foster a culture of ethics and transparency at every level of the organization was given to 132 companies. The only other retail brands on this year’s list are Sweden’s H&M and the United Kingdom’s Marks and Spencer.
Gap has been honored for nine consecutive years, making it one of only 15 companies to have been honored every year since the list’s inception.
Only companies who submit an application to the Ethisphere Institute are considered for inclusion. The organization does not reveal how many applications it receives. According to the Ethisphere Institute, the Most Ethical designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action. Honorees not only promote ethical business standards and practices internally, they exceed legal compliance minimums and shape future industry standards by introducing best practices today.
The full list of the 2015 World’s Most Ethical Companies can be found here.