Press release
Covalence Ethical Ranking 3rd Quarter 2007
Unilever, Toyota and HSBC top EthicalQuote ranking
The main results across sectors are:
> Unilever, Toyota and HSBC top EthicalQuote ranking
> Toyota, Coca-Cola and IBM register best progress during Q3 2007
> Wal-Mart, Coca-Cola and Toyota show best Reported Performance
Twenty multinational companies are analyzed in ten major sectors; the top ten performing companies are ranked in each category: Best EthicalQuote Score (positive minus negative news, cumulated from 1 January 2002 to 30 September 2007), Best Ethical Progress (positive minus negative news, cumulated from 1 July to 30 September 2007) and Best Reported Performance (positive news only, cumulated from 1 July to 30 September 2007).
Best EthicalQuote Score and Best EthicalQuote Progress are given by confronting positive and negative news. Best Reported Performance is calculated by quantifying positive news only – it shows how companies report on their ethical performance without considering criticisms and demands. Some companies being highly targeted by activists have a low EthicalQuote Score while at the same time ranking high in terms of Reported Performance. We can assume that “ethical demands” (negative news i.e. stakeholder issues, campaigns, expectations) stimulate “ethical offers” (positive news i.e. initiatives, reporting, communication by companies).
The full Press Release can be accessed online: http://www.covalence.ch/docs/CovalenceEthicalRankingQ3-2007_PressRelease_25.10.2007.pdf
Covalence SA Antoine Mach, Direction & Research
Tel: +41 (0)22 800 08 55; Mob. +41 (0)78 708 58 18 antoine.mach@covalence.ch
Covalence SA 1, avenue Industrielle, CH-1227 Carouge Geneva Switzerland
US Rep Office, 20 Riverside Street, Apt. 25, Watertown MA 02472, USA, tel +(1) 617 429 4758
info@covalence.ch ; www.covalence.ch ; www.ethicalquote.com
Geneva-based Covalence tracks the ethical reputation of multinationals by sourcing information from companies, the media and civil society. Thousands of positive and negative news are quantified, coded and synthesized into charts and rankings. This ethical quotation system allows stakeholders to raise companies’ awareness by transmitting information towards the public and financial markets, and it enables us to offer reputation management products to clients among multinationals, investors and non profit organisations.
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