23 January 2008 | Jake Kanter
Toyota, Unilever and Wal-Mart have come top in a ranking of companies' ethical conduct, according to new research.
A review of more than 200 multinational organisations, carried out by ethical standards analysts Covalence, revealed the highest performing companies across 10 sectors. Firms were graded on criteria including labour standards, anti-corruption policy, environmental impact of production, waste management and human rights policy.
Toyota, Unilever and Wal-Mart topped the overall results, outperforming rivals in three categories.
Unilever received the best "EthicalQuote score", which is based on the firm's reaction to both positive and negative news about their policies. Toyota was awarded the top "EthicalQuote progress", for improvements it has made over the past year. Wal-Mart headed the best "reported progress" category, which is based solely on positive news about the firm.
All the information is sourced from the public domain or submitted by firms to the Covalence database, in an effort to improve their EthicalQuote.