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MarketScreener Homepage  >  Equities  >  Nyse  >  Kellogg Company    K

KELLOGG COMPANY

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Kellogg : Named One Of The World's Most Ethical Companies ® By Ethisphere For The 12th Time

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02/25/2020 | 08:01am EDT

BATTLE CREEK, Mich., Feb. 25, 2020 /PRNewswire/ --Kellogg Company (NYSE: K) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World's Most Ethical Companies.

Kellogg Company logo (PRNewsFoto/Kellogg Company)

Kellogg has been recognized 12 times since Ethisphere created the rankings in 2007. The company is one of only six honorees in the Food, Beverage and Agriculture category. In 2020, 132 honorees were recognized spanning 21 countries and 51 industries.

"A reputation is a very fragile thing – that's something our founder recognized more than 100 years ago," said Kellogg Company Chairman and CEO Steve Cahillane. "Consumers invite us into their lives every day and make our foods part of their daily meals and special occasions. We earn their trust one bite at a time."

"We're honored that Ethisphere has again recognized our company's legacy of integrity and doing what's right," said Gary Pilnick, Vice Chairman, Corporate Development and Chief Legal Officer. "We are committed to maintaining a values-based, ethical performance culture and we continuously review our Code of Ethics to ensure it reflects the world we live in. For that reason, we refresh it periodically."

"Congratulations to everyone at Kellogg for earning this recognition," said Ethisphere's Chief Executive Officer, Timothy Erblich. "This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good."

Methodology and Scoring
Grounded in Ethisphere's proprietary Ethics Quotient®, the World's Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.

All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of leading companies.

­­Honorees
The full list of the 2020 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.

About Kellogg Company
At Kellogg Company (NYSE: K), we strive to enrich and delight the world through foods and brands that matter. Our beloved brands include Pringles®, Cheez-It®, Special K®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Eggo®, Mini-Wheats®, Kashi®, RXBAR®, MorningStar Farms® and more. Net sales in 2019 were approximately $13.6 billion, comprised principally of snacks and convenience foods like cereal and frozen foods. Kellogg brands are beloved in markets around the world. We are also a company with Heart & Soul, committed to creating Better Days for 3 billion people by the end of 2030 through our Kellogg's® Better Days global purpose platform. Visit www.KelloggCompany.com or www.OpenforBreakfast.com.

About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.

Cision
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SOURCE Kellogg Company


© PRNewswire 2020
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