3M Named One Of The World’s Most Ethical Companies For The Seventh Consecutive Year
3M has been recognized by the Ethisphere Institute, which defines and advances standards of ethical business practices through data-driven insights, for ethics and integrity in business conduct and compliance for the seventh straight year. 3M is one of only eight industrial companies worldwide to be honored this year. 3M operates in the promotional products industry as supplier 3M Promotional Markets (PPAI 113638, S11).
“For more than a century, we have built a foundation of trust and unwavering integrity in all that we do,” says Michael Duran, 3M vice president and chief ethics and compliance officer. “Our success as a company depends on all of us to make the right decisions every day. This recognition is a collective effort by our 96,000 employees around the world. Our ethics and values are what make 3M a great place to work.”
The St. Paul, Minnesota-headquartered company views its code of conduct as part of its values and as a competitive advantage. 3M describes it as an integral factor in its high reputation among consumers and across many industries, and says its leaders create and promote a workplace environment where compliance and ethical business conduct are expected and encouraged through leading by example.
3M is one of only 132 companies around the world designated as one of the World’s Most Ethical Companies in 2020. Ethisphere evaluates companies in five categories: ethics and compliance program, culture of ethics, corporate citizenship and responsibility, governance, and leadership and reputation.