Ethisphere announces Henry Schein as one of the World’s Most Ethical Companies for the 10th time

News

Posted by: Dental Design 25th February 2021

Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care solutions to office-based dental and medical practitioners, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2021 World’s Most Ethical Companies.

Henry Schein has been recognized for 10 consecutive years and is the only honoree in the Healthcare Products industry. In 2021, 135 honorees were recognized spanning 22 countries and 47 industries.

“It is humbling to be honored as a ‘World’s Most Ethical Company’ alongside so many like-minded organizations, especially as Team Schein marks 10 years of recognition,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “Since our founding in 1932, Henry Schein’s success has been rooted in ethical business practices and a commitment to accountability. On behalf of more than 19,000 Team Schein Members around the world, I thank the Ethisphere Institute for this tremendous honor.”

“Congratulations to Henry Schein for 10 years as one of the ‘World’s Most Ethical Companies,’” said Ethisphere CEO Timothy Erblich. “We commend Team Schein for its steadfast commitment to positively impacting the communities they serve around the world and aligning its strengths as a business with the needs of society.”

Ethics & Performance

According to Ethisphere’s Ethics Index, the publicly listed 2021 World’s Most Ethical Companies honorees outperformed a comparable index of large cap companies by 7.1 percentage points from January 2016 to January 2021.

Methodology & 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.

This year, the process was streamlined and question set expanded to gauge how applicants are adapting and responding to the global health pandemic, environmental, social, and governance factors, safety, equity, and inclusion and social justice.