North / South America
Watsonville's Granite Construction makes global ethics list
Mar, 19 2012
(Watsonville, CA.) -- Granite Construction, a publicly owned civil contractor and materials firm in Watsonville, again made the list of The World's Most Ethical Companies, a designation awarded annually by the New York-based private think tank Ethisphere.
"Receiving the designation as one of Ethisphere's 2012 World's Most Ethical Companies is a tremendous honor for us and is a testament to our culture, where employees are committed to the highest ethical standards," said James H. Roberts, president and chief executive officer of Granite Construction. "Our Code of Conduct has guided our actions for generations and is embedded in our everyday decisions as a trusted employer, partner and corporate citizen."
This year, a record 145 companies from more than three dozen industries made the list. Granite and CRH of Ireland were the only firms in the construction category this year. They were on the list last year as well. Forty-three of the winners were based outside the U.S.
Alex Brigham, executive director of the Ethisphere Institute, said ethics provide competitive advantage.
"Granite Construction recognizes the important role that corporate responsibility plays in improving its bottom line," Brigham said.
The lengthy selection process begins with a 36-page survey application. Ethisphere then conducts data analysis, research and verification. Ethisphere evaluates companies in five categories: An ethics and compliance program (25 percent), governance (10 percent), corporate citizenship and responsibility (25 percent), culture of ethics (20 percent) and reputation, leadership and innovation (20 percent).
The 2012 World's Most Ethical Companies were announced Thursday in New York.
Granite shares dropped 33 cents Friday to close at $29.53. In the last 52 weeks, shares have traded from $16.92 and $30.49.
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