Hasbro Named One of World’s Most Ethical Companies for 8th Straight Year
GoLocalProv Business Team
Hasbro Named One of World’s Most Ethical Companies for 8th Straight Year
“At Hasbro, we take pride in doing the right thing, simply because it’s the right thing to do. We are honored to once again be recognized as one of the World’s Most Ethical Companies, and believe it speaks to our unwavering commitment to conducting our business responsibly and acting with integrity,” said Brian Goldner, Chairman, and CEO, Hasbro, Inc.
This marks the eighth straight year in which Hasbro has been recognized.
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Most recently, GoLocalProv named Goldner one of the “19 to Watch in 2019,” as he decides on the future of his company in Rhode Island.
Other than Hasbro’s purchase of the Power Rangers franchise from Saban, 2018 was a rough year for the company.
As GoLocalProv reported, Hasbro laid-off as many as 400 employees, while revenue dropped to $3.1 billion from $3.6 billion.
Meanwhile, operating profit dove to $320 million, or 10% of sales, from $529 million, or 15% of sales, according to a report from The Motley Fool.
The Method
Scores are generated in five key categories: ethics and compliance program (35 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership and reputation (10 percent).
All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
In 2019, 128 honorees were recognized spanning 21 countries and 50 industries.
“Today, employees, investors, and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “I congratulate everyone at Hasbro for earning this recognition.”
Click here for the full list of honorees
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