Ethisphere names Kellogg Co. to World's Most Ethical Companies ® list

Rhea-AI Summary

Kellogg Company (NYSE: K) has been recognized by Ethisphere as one of the World's Most Ethical Companies for 2021, marking its 13th inclusion since 2007. Among 135 honorees across 22 countries and 47 industries, Kellogg is one of only seven in the Food, Beverage and Agriculture category. The recognition underscores Kellogg's commitment to ethical practices and corporate integrity, particularly during challenging times. With net sales of approximately $13.8 billion in 2020, Kellogg continues to promote its ethical values and community impact.

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• Recognized as one of the World's Most Ethical Companies for 2021 by Ethisphere.
• Only seven honorees in the Food, Beverage and Agriculture category, emphasizing Kellogg's strong market position.
• Demonstrated continued commitment to ethical practices, resonating well with consumers.

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• None.

BATTLE CREEK, Mich., Feb. 23, 2021 /PRNewswire/ -- Kellogg Company (NYSE: K) today announced that Ethisphere, a global leader in defining and advancing the standards of ethical business practices, has included the company on its 2021 list of the World's Most Ethical Companies.

Kellogg has been recognized 13 times since Ethisphere began the rankings in 2007. The company is one of only seven honorees in the Food, Beverage and Agriculture category. In 2021, 135 honorees were recognized across 22 countries and 47 industries. 

"Consumers support companies that make decisions with their values and reputation in mind," said Kellogg Company Chairman and CEO Steve Cahillane. "Kellogg works every day to create a good and just world where everyone has a place at the table. We're proud that Ethisphere recognizes this and consumers continue to trust and enjoy our iconic foods."

"Our company has a legacy of integrity and doing what's right," said Gary Pilnick, Vice Chairman, Corporate Development and Chief Legal Officer. "We continue to nurture our values-based, ethical performance culture and evolve our Code of Ethics to ensure it reflects the world we live in. We are proud to be recognized by Ethisphere again this year."

"While addressing the tough challenges of 2020, we saw companies lead – above all other institutions – on earning the trust of stakeholders through resilience and a commitment to ethics and integrity," said Ethisphere CEO, Timothy Erblich. "The World's Most Ethical Companies honorees continue to demonstrate an unwavering commitment to the highest values and positively impacting the communities they serve. Congratulations to everyone at Kellogg for earning the World's Most Ethical Companies designation."

Methodology and 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 the 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.

­­Honorees
The full list of the 2021 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.

About Kellogg Company
At Kellogg Company (NYSE: K), our vision is a good and just world where people are not just fed but fulfilled. We are creating better days and a place at the table for everyone through our trusted food brands. Our beloved brands include Pringles®, Cheez-It®, Special K®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Eggo®, Mini-Wheats®, Kashi®, RXBAR®, MorningStar Farms® and more. Net sales in 2020 were approximately $13.8 billion, comprised principally of snacks and convenience foods like cereal, frozen foods, and noodles. As part of our Kellogg's® Better Days purpose platform, we're helping to end hunger and are committed to creating Better Days for 3 billion people by the end of 2030. Visit www.KelloggCompany.com or www.OpenforBreakfast.com.

About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com. 

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SOURCE Kellogg Company

FAQ

What recognition did Kellogg Company receive in 2021?

Kellogg Company was named one of the World's Most Ethical Companies for 2021 by Ethisphere.

How many times has Kellogg been included in Ethisphere's ethical companies list?

Kellogg has been recognized 13 times since Ethisphere began the rankings in 2007.

What is the significance of the Ethisphere recognition for Kellogg's stock?

The recognition highlights Kellogg's commitment to ethical practices, which can enhance brand loyalty and potentially influence stock performance positively.

How many companies were recognized globally by Ethisphere in 2021?

A total of 135 companies were recognized as the World's Most Ethical Companies in 2021.

In which category did Kellogg receive its ethical company recognition?

Kellogg was recognized in the Food, Beverage and Agriculture category.