GM was recently recognized as on of the world’s most ethical companies by Ethisphere, and Arizona-based organization that defines and measures corporate ethical standards. The recognition marks GM’s third consecutive year on the list of most ethical companies.
For 2022, Ethisphere recognized 136 honorees in 22 different countries across 45 industries. As was the case for the past three years, GM was the only automaker on the list.
The Ethisphere criteria for most ethical company includes something known as the Ethisphere Institute’s Ethics Quotient, or EQ, which is a qualitative framework that generates an evaluation based on five key weighted criteria, including ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent), and leadership and reputation (10 percent). The EQ is generated via an assessment process with more than 200 questions covering a broad range of subjects, such as “culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain.”
“Integrity is not something that changes direction with the current, it’s a quality that stays firm, even in challenging times,” said GM assistant general counsel and chief compliance officer, Michael Ortwein.
“As we strive to create a world with zero crashes, zero emissions and zero congestion, this designation further validates our relentless drive to win with integrity, every day, everywhere we operate,” he added.
Among GM’s plans and initiatives is the goal of achieving carbon neutrality in its global products and operations by 2040, as well as a transition to eliminate all tailpipe emissions for new light-duty GM vehicles by 2035. To this latter point, GM will seek to launch 30 new electric vehicle models globally by 2025. Finally, GM has announced that it is expanding its philanthropic efforts with regard to equitable climate action by doubling its Climate Equity Fund, dedicating $50 million towards closing the equity gaps in the transition to EVs and sustainable technology.