This is the eighth year on the list for the baking giant.

Kristen Kazarian, Managing Editor

March 5, 2024

2 Min Read
Grupo Bimbo lands on most ethical companies list
Ethisphere recognized Grupo Bimbo for its exemplary standards of business integrity, ethics, compliance, and governance, and for its work to create a positive impact for consumers.Image courtesy of Grupo Bimbo

Grupo Bimbo, a world leading baking company, has been listed for the eighth consecutive year as one of the "World's Most Ethical Companies," according to Ethisphere, an international authority in defining and promoting ethical business standards.

Ethisphere recognized Grupo Bimbo for its exemplary standards of business integrity, ethics, compliance, and governance, and for its work to create a positive impact for consumers.

Grupo Bimbo promotes comprehensive global initiatives to reaffirm its commitment to integrity, including the recent updating of its Code of Ethics. These guidelines establish the highest standards of behavior within and outside the organization as well as guidelines for interaction with stakeholders.

The bakery's Golden Rule is a code of respect, fairness, trust, and appreciation reinforced through Grupo Bimbo's supportive workplace culture. The company says it is committed to promoting and respecting the human rights of its associates, stakeholders, and all people within its value chain and the communities in which it operates.

"For us, this recognition represents the commitment of each of our associates, who daily build a space of harmony aligned with our beliefs, where well-being and transparency govern all our decisions. We are very grateful for this recognition. Ethics goes beyond words because it is based on a continuous commitment to do and say the right thing," said Ignacio Stepancic, global leader of Regulatory Compliance at Grupo Bimbo.

Based on the Ethics Quotient patented by Ethisphere, the World’s Most Ethical Companies assessment includes 240+ questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The performance of the participating companies in 2024 exceeded the comparable index of global companies by 12.3% from January 2019 to January 2024.

This year, 136 organizations are recognized for their unwavering commitment to business integrity. Honorees hail from 20 countries and 44 industries, and include 15 first-time honorees and 6 organizations that have been named to the honoree list 18 times, marking every year since its inception.

The full list of the World’s Most Ethical Companies 2024 is available at: https://worldsmostethicalcompanies.com/honorees/

About the Author(s)

Kristen Kazarian

Managing Editor

Kristen Kazarian has been a writer and editor for more than three decades. She has worked at several consumer magazines and B2B publications in the fields of food and beverage, packaging, processing, women's interest, local news, health and nutrition, fashion and beauty, automotive, and computers.

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