TOKYO - Tuesday, March 25th 2014 [ME NewsWire]
(BUSINESS
WIRE)-- Shiseido Co., Ltd. (TOKYO:4911) has been selected and awarded
the 2014 World’s Most Ethical Companies designation for the third
consecutive year. The announcement was made on March 20, 2014 by
Ethisphere® Institute, a U.S.-based international think-tank dedicated
to advocating best practices in business in such areas as corporate
ethics and corporate social responsibility (CSR).
In addition to
strengthening governance and thoroughly adhering to sound corporate
ethics, global companies are currently urged to address major management
challenges by taking a leadership role concerning social and
environmental issues while also ensuring profitable, sustainable growth.
Shiseido considers that these consecutive awards indicate society’s
evaluation for its initiatives toward “becoming a global player
representing Asia with its origins in Japan”. Shiseido will not only
promote management with even more transparency but also contribute to
society through various corporate activities.
2014 World’s Most Ethical Companies
“Ethisphere®
Institute” has been researching approximately 1,000 companies from over
100 countries worldwide and announcing the “World’s Most Ethical
Companies” every year since 2007. To select these companies, Ethisphere®
Institute conducts research based on 5 categories of (1) concept of
corporate ethics and legal compliance, (2) activity contents as a
corporate citizen, (3) evaluation by society, top management leadership,
communication with stakeholders, (4) establishment of corporate ethics,
and (5) corporate governance system.
Shiseido Corporate Ethics and Social Contribution Activities
For
approximately 140 years since it was founded in 1872, Shiseido has been
engendering the spirit of “Serving our customers through beauty and
wellness” as a fundamental principle of its corporate activities. Also,
cognizant that overseas sales currently account for approximately 50% of
sales, Shiseido has reviewed and newly established the Shiseido Group
corporate philosophy entitled “Our Mission, Values and Way” in April
2011 with the aim of enhancing the solidarity of the Shiseido Group.
Specifically, with regard to corporate ethics, Shiseido is carrying out
initiatives based on “Our Way,” which denotes action standards that each
and every employee should take to earn the trust of 5 types of
stakeholders, including “customers”, “business partners”,
“shareholders”, “employees”, and “society/Earth”. As for social
contribution activities, Shiseido is also promoting various initiatives
by designating women and cosmetics (beauty), culture and the environment
as the three priority domains in which Shiseido is able to leverage its
strengths.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50830220&lang=en
Contacts
Shiseido
Tatsuyoshi Endo, +81-3-3572-5111
PR department
tatsuyoshi.endo@to.shiseido.co.jp
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