MELVILLE, N.Y., USA: Henry Schein, the world’s largest provider of health care products and services to office-based dental, medical and animal health practitioners, has been ranked as one of the world’s most ethical companies by Ethisphere Institute for the second year in a row. The company has also been ranked by FORTUNE magazine as one of the world’s most admired companies, for the 12th consecutive year.
The recognition by Ethisphere Institute — an international think tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability — is for exemplary ethical leadership, worldwide business standards and commitment to corporate social responsibility. Henry Schein was among 138 companies recognized this year by Ethisphere.
“Since our founding 80 years ago, a deep commitment to the highest ethical standards has always been a central part of the character of Henry Schein, and this commitment forms the very foundation of our business model,” said Stanley M. Bergman, chairman of the board and CEO of Henry Schein. “We are very proud to again be honored by Ethisphere Institute in recognition of our success in implementing exceptional worldwide business standards as well as our enduring dedication to enhancing access to health care for the underserved through our global corporate social responsibility program, Henry Schein Cares.”
Henry Schein Cares stands on four pillars: engaging Team Schein Members to reach their potential, ensuring accountability by extending ethical business practices to all levels within Henry Schein, promoting environmental sustainability, and expanding access to health care for underserved and at-risk communities around the world.
The evaluation criteria for the World’s Most Ethical Companies Ranking includes an in-depth assessment of corporate citizenship and responsibility; ethics and compliance program; culture of ethics; corporate governance; and reputation, leadership and innovation. Based on the “Ethics Quotient” score derived from this evaluation, the top percentile performers in each industry are further evaluated through a stringent due diligence process.
Selected from thousands of nominated companies, Henry Schein was honored at Ethisphere’s Dinner Awards Ceremony at the Grand Hyatt Hotel in New York City during the Fifth annual Global Ethics Summit.
Also among ‘most admired’ companies
Henry Schein has also been named to the 2013 FORTUNE list of the World’s Most Admired Companies. Henry Schein has been a FORTUNE Most Admired company for 12 consecutive years.
For 2013, Henry Schein earned first-place rankings within its industry in five of nine categories, including social responsibility, global competitiveness, quality of management, quality of products/services and use of corporate assets. Henry Schein ranked second among other industry companies in the four remaining categories (innovation, people management, long-term investment and financial soundness).
“It is gratifying to again be recognized within our industry as one of the World’s Most Admired Companies,” said Bergman. “In particular, we are very pleased to have once again been ranked first in our industry for social responsibility — a result of our global Henry Schein Cares initiatives — as well as first for global competitiveness. By continuing to set the industry standard for these two pillars of corporate performance, we believe that we are demonstrating the wisdom of Benjamin Franklin’s philosophy of ‘enlightened self interest.’ Henry Schein is proving that it is possible to ‘do well by doing good,’ and that being a responsible corporate citizen is good business.”
Henry Schein Cares, the company’s global corporate social responsibility program, helps increase access to care for underserved populations globally through three focus areas: Wellness, prevention and treatment; emergency preparedness and relief; and health care capacity building.
Henry Schein’s global competitiveness is fueled by the company’s operations or affiliates in 25 countries around the world. Henry Schein’s sales outside of the United States represented 39 percent of total company sales in 2012.
Paladino to speak at Barclays Global Healthcare Conference
In other news from Henry Schein, Steven Paladino, executive vice president and chief financial officer, will present at the 2013 Barclays Global Healthcare Conference, taking place at the Loews Hotel in Miami on March 12.
The Henry Schein presentation is scheduled to begin at 10:45 a.m. EDT on March 12 and can be heard via live webcast by visiting www.henryschein.com, clicking on Investor Relations and following the link for Webcasts. A replay will be available on the site following the presentation.
(Sources: PRNewswire, Henry Schein)
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