Kohl’s is one of the 2019 World’s Most Ethical Companies. The World’s Most Ethical Companies is an annual assessment conducted by the Ethisphere Institute that looks at five key categories of a company including its ethics and compliance programme, culture of ethics, corporate citizenship and responsibility, governance, and leadership and reputation.
This year marks Kohl’s first recognition by the Ethisphere Institute as one of two 2019 honorees in the retail industry. Ethisphere Institute is a global leader in defining and advancing the standards of ethical business practices.
“At Kohl’s, we strive to hold ourselves and each other accountable to act with integrity by honoring our commitments, treating others with respect, and making ethical decisions,” said Steve Thomas, Kohl’s chief risk and compliance officer. “Being recognised as one of the World’s Most Ethical Companies is a testament not only to our ethics and compliance programs, our governance and our corporate reputation, but also the everyday behaviors, actions and choices of thousands of associates across all levels of our organisation.”
“Employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues, and today’s consumers want to shop with companies that share their values and demonstrate ethical business practices,” said Ethisphere’s chief executive officer, Timothy Erblich. “It’s clear that Kohl’s stands out in its industry for a number of reasons including the company’s responsible governance structure and clear code of ethics.”
In 2019, 128 honourees were recognised spanning 21 countries and 50 industries. According to the Ethisphere Institute, the thirteenth class of the World’s Most Ethical Companies profoundly illustrates 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.