Granite Named One of the 2019 World's Most Ethical Companies® by Ethisphere for 10th Consecutive Year
Recognition honors those companies who recognize their critical role
to influence and drive positive change in the business community and
societies around the world
Ethisphere Institute, a global leader in defining and advancing the
standards of ethical business practices, as one of the 2019
World’s Most Ethical Companies.
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Granite has been recognized for ten consecutive years and is one of only
four honorees in the Construction & Building Materials industry.
In 2019, 128 honorees were recognized spanning 21 countries and 50
industries. The thirteenth class of honorees profoundly illustrate how
companies continue to be the driving force for improving communities,
building capable and empowered workforces, and fostering corporate
cultures focused on ethics and a strong sense of purpose.
“We are extremely honored and proud to be recognized by Ethisphere for
the tenth consecutive year for our high standards of ethics. At Granite,
doing the right thing is at the core of who we are as a Company,” said
Granite President and Chief Executive Officer, James H. Roberts. “We are
fortunate at Granite to have extraordinary employees who embrace our
Core Values and nurture the strong ethical core that our founders
incorporated into our fabric nearly 100 years ago.”
“Today, employees, investors and stakeholders are putting their greatest
trust in companies to take leadership on societal issues. Companies like
Granite 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 Granite for
earning this recognition.”
Ethics & Performance
With respect to stock prices of publicly traded honorees compared to the
Large Cap Index, Ethisphere reports that listed 2019 World’s Most
Ethical Companies outperformed the large cap sector over five years by
14.4 percent and over three years by 10.5 percent.
Methodology & Scoring
The World's Most Ethical Companies assessment is based upon the
Ethisphere Institute’s Ethics
Quotient® (EQ) framework, which offers a quantitative way
to assess a company’s performance in an objective, consistent and
standardized manner. The information collected provides a comprehensive
sampling of definitive criteria of core competencies rather than all
aspects of corporate governance, risk, sustainability, compliance and
ethics.
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.
Honorees
The full list of the 2019 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
Best practices and insights from the 2019 honorees will be released in a
report and webcast in March and April of this year. Sign
up to receive the report.
About Granite
Through its offices and subsidiaries nationwide, Granite Construction
Incorporated (NYSE: GVA) is a full-suite provider in the transportation,
water infrastructure and mineral exploration markets. Granite, America’s
Infrastructure Company, is an award-winning firm in safety, quality and
environmental stewardship, and has been honored as one of the World’s
Most Ethical Companies by Ethisphere Institute for ten consecutive
years. Granite is listed on the New York Stock Exchange and is part of
the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell
2000 Index. For more information, visit graniteconstruction.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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190226005133/en/
Granite Media Contact
Jacque Fourchy
(831) 761-4741
Granite Investor Contact
Ronald Botoff
(831) 728-7532
Ethisphere Media Contact
Clea Nabozny
(480) 397-2658
clea.nabozny@ethisphere.com
Source: Granite
