Granite Construction named as a 2016 World’s Most Ethical Company by the Ethisphere Institute for the seventh year
Granite Construction Inc., 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 10th 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 Inc. “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.”
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 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent) and provided to all companies who participate in the process.