Ethisphere Names illycaffè as One of the 2023 World's Most Ethical Companies® for the 11th Time

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices

Trieste, Italy – March 13, 2023 – illycaffè, a global leader in sustainable high-quality coffee, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies.

illycaffè has been recognized for eleven consecutive years and is still the only Italian company being honored this year. In 2023, 135 honorees were recognized spanning 19 countries and 48 industries.

“Proud to be listed for the eleventh year, as the only Italian company, among the world most ethical companies: a recognition of our commitment as a family company cultivating business ethics for 90 years" said Andrea Illy, President of illycaffè. "A result also achieved thanks to the management, which has been able to translate this commitment into the daily business. illycaffè is now running at full speed towards carbon neutrality in 2033 though regenerative agriculture and circular economy”.

“Ethics matters. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance,” said Ethisphere CEO, Erica Salmon Byrne. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership. Congratulations to illycaffè for earning a place in the World’s Most Ethical Companies community.”

Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

Honorees
To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at worldsmostethicalcompanies.com.

About Ethisphere
Ethisphere 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. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also helps to advance business performance through data-driven assessments, guidance, and benchmarking against its unparalleled data: the Culture Quotient dataset focused on ethical culture and featuring the responses of 2+ million employees around the world; and the Ethics Quotient dataset, featuring 200+ data points highlighting the ethics, compliance, social, and governance practices of the World’s Most Ethical Companies. For more information, visit ethisphere.com.

Ethisphere Media Contact
Anne Walker
VP, Media and Communications
Anne.Walker@Ethisphere.com