Covalence, a Geneva-based company founded in 2001, measures the ethical reputation of multinational companies. In January 2007, it published its second annual ethical reputation ranking, giving the best ranked companies as well as the companies which have made the most progress in 2006.
Covalence's ethical quotation system is a reputation index based on quantifying qualitative data, which are classified according to 45 criteria of business contribution to human development such as Labour standards, Waste management, Product social utility or Human rights policy.
Twenty multinational companies are analyzed in ten major sectors; the top ten performing companies are ranked in each category: Best EthicalQuote Score (positive minus negative news, cumulated from 2002 to 2006), Best Ethical Progress (positive minus negative news, cumulated from January to December 2006) and Best Reported Performance (positive news only, cumulated from 2002 to 2006).
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