OREANDA-NEWS. Ricoh announced it has been recognized by the Ethisphere Institute as one of the World's Most Ethical Companies in 2013. The list was revealed last night in New York at the World's Most Ethical Companies Honoree Dinner held in conjunction with the 2013 Global Ethics Summit.

This is the fifth year in a row that Ricoh has been honored for promoting high ethical standards by Ethisphere, a leading international organization dedicated to the creation, advancement and sharing of best practices in business ethics, governance, anti-corruption and sustainability. The organization says its honor "highlights companies that outperform industry peers when it comes to ethical behavior. The 2013 World's Most Ethical companies are those that truly embrace ethical business practice and demonstrate industry leadership, forcing peers to follow suit or fall behind."

This is the seventh year Ethisphere has published the World's Most Ethical rankings, which were culled from a record number of nominations and applications.

Through in-depth research and a multistep analysis, Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries. The methodology for the World's Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.