International Paper announced that it has been recognized as one of the 2014 World’s Most Ethical Companies by the Ethisphere Institute, an independent center of research that promotes best practices in corporate ethics and governance.

 This is the eighth straight year that International Paper has been honoured with this award. Ethical business practices and standards have defined the company since its inception more than 100 years ago. “International Paper’s commitment to the highest ethical and sustainable business standards is guided by a simple principle: do the right things for the right reasons,” said chairman and CEO John Faraci. “Our company has been in operation for 116 years, a testament to our 70,000 talented and dedicated people worldwide who help make IP a company of substance.”

“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s chief executive officer, Timothy Erblich. 

Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%). ­­

The full list of the 2014 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/. International Paper is a global leader in the paper and packaging industry with manufacturing operations in North America, Europe, Latin America, Asia and North Africa.