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Safeway among 'World's Most Ethical Companies' for 4th time

Ethisphere Institute cites firm's commitment to superior business practices

Pleasanton-based Safeway Inc. has been named one of 2014's "Most Ethical Companies" by the Ethisphere Institute.

This is the fourth time and third consecutive year that Safeway has been recognized by Ethisphere for its commitment to maintaining superior business practices.

"It is an honor to be included on the prestigious WME list and to be among businesses whose principles and practices uphold the highest standards of ethics and corporate social responsibility," said Larree Renda, Safeway executive vice president and chairwoman of The Safeway Foundation.

"By establishing standards that go beyond basic norms and legal requirements, Safeway and the other WME businesses foster ideals and innovations that benefit their industries and communities," she added.

The Ethisphere Institute is an independent center of research, best practices and leadership that promotes best practices in corporate ethics and compliance and enables organizations to improve governance, mitigate risk, and enhance relationships with employees, business partners, investors and the regulatory community. For the past eight years, it annually selects companies from throughout the world for its prestigious WME list.

"In today's complex global economy, it can be increasingly challenging for companies to meet performance expectations, while addressing the varying regulatory, compliance and sustainability needs across geographies and cultures," said Tim Erblich, CEO of the Ethisphere Institute.

"Global economic and social challenges from anti-corruption to security and privacy are accelerating the need for companies and organizations to embrace ethics and governance as critical business imperatives," he added.

Safeway, which is in the process of being acquired by Albertsons, has also been at the top of the US Greenpeace Supermarket Seafood Sustainability scorecard, a ranking of sustainability practices for grocers.

Last year, Safeway was named to the Dow Jones Sustainability Index North America for the fifth year in a row and to the Carbon Disclosure Project for the fifth consecutive year.

Comments

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Posted by Dublin-Pleasanton person
a resident of Dublin
on Mar 25, 2014 at 9:19 am

Safeway must have paid someone off to give them this award - or else it is the shareholders that are saying this. Most Ethical? Ridiculous. Safeway's only concern is to their shareholders. That is it. No ethics at all.


 +   Like this comment
Posted by Dan
a resident of Another Pleasanton neighborhood
on Mar 25, 2014 at 9:35 am

It's all about the unions, see? Like first the unionists sneak their members into Greenpeace because, see, both the union and Greenpeace are communists anyway. Then the unionist mole gets himself in a position where he can influence Greenpeace's rating system. Same with Ethisphere Institute. Although their not communist, per say, they are very vulnerable to bribes. I know first hand that the union leadership of thugs held Safeway's corporate bosses feet to the flame and made them bribe Ethisphere. Reading ethics and unions in the same paragraph is about enough to make any liberty seeking individual puke.


 +   Like this comment
Posted by Festus
a resident of Another Pleasanton neighborhood
on Mar 25, 2014 at 10:53 am

I'm guessing that even if this ethical company rating that Safeway were true, that is about to change. Uber-greedy equity firms don't rate high in ethics, they'll do most anything to get the highest financial returns for their shareholders/partners. In some cases they also just loot the assets of the company they acquire, such as Cerberus did to Mervyn's.


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