Boston (May 11, 2007) – New Balance Athletic Shoe, Inc. was named one of the World’s Most Ethical Companies this week by Ethisphere Magazine, a national publication dedicated to illuminating the important correlation between ethics and profit. The elite list of companies were recognized for their strong leadership in ethics and compliance, advancement of industry discourse on social and ethical issues, and positive engagement in the communities in which they operate.
“Maintaining integrity as our company grows is a challenge we accept and continuously work to improve,” said Anne Davis, Vice Chair, New Balance. “Being named to the “Worlds’ Most Ethical Companies” list is an honor and we credit all of our New Balance associates who work daily to achieve our leadership goals.”
Ethisphere Magazine, the magazine has a circulation of 65,000 global Board members, CEOs, General Counsel, Chief Ethics and Compliance Officers and institutional investors, offers insight to on gaining market share and creating sustainable competitive advantage through ethical business practices and corporate citizenship.
The editors of the magazine chose fewer than 100 companies from a several thousand organizations that they analyzed over a six-month period. “This was a rigorous process that identified a select group of companies that were unequalled in their industries for their commitment to ethical leadership and corporate social responsibility. These organizations go beyond making statements about doing business ethically; they translate those words into action,” said Alex Brigham, executive editor of Ethisphere Magazine.
The process included reviewing companies’ codes of ethics, litigation and regulatory infraction histories; evaluating investment in innovation and sustainable business practices; looking at companies’ activities to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback and rating.
About New Balance Athletic Shoe, Inc.
New Balance, headquartered in Boston, MA, is a leading manufacturer of technologically innovative width-sized performance footwear and athletic apparel for women, men, and children. The range of product categories includes running, walking, training, basketball, tennis, cleated and kids. New Balance Athletic Shoe, Inc. employs more than 2,800 people around the globe, and in 2006 reported worldwide sales of $1.55 billion. For more information please visit www.ethisphere.com.
About the Ethisphere Council
The Ethisphere Council was created in 2006 by Corpedia, a leader in risk assessment and eLearning for ethics and compliance, the Practising Law Institute, a non-profit organization committed to enhancing the professionalism of attorneys and others and LexisNexis, a leading provider of comprehensive information and business solutions; and Formed with support from such leading corporations as Deutsche Telekom, Time Warner, Dresser Industries, Avaya and Kraft, the council is dedicated to the research, creation, and sharing of best practices in ethics, compliance, and corporate governance among its membership companies. It also focuses on the development and advancement of its members through increased efficiency, innovation, tools, mentoring, advice, and unique career opportunities. More information on membership can be found at www.ethisphere.com.