SAN FRANCISCO - March 09, 2015 - (BUSINESS WIRE) - Gap Inc. (NYSE: GPS) today announced it has been recognized by the Ethisphere® Institute, a leader in defining and advancing the standards of ethical business practices, as a 2015 World’s Most Ethical Company®. The annual designation recognizes organizations that foster a culture of ethics and transparency at every level of the company.
The company is one of only fifteen to have been honored every year since the list’s inception, underscoring Gap Inc.’s ongoing commitment to leading ethical business standards and practices, and driving long-term value for customers, employees, suppliers, and investors.
“We value and strive for ethical behavior and responsible practice in every role and function at Gap Inc.,” said Michelle Banks, executive vice president, global sustainability and chief compliance officer, Gap Inc. “We’re honored to be recognized again this year and remain committed to doing business with integrity.”
Gap Inc. received qualifying scores across five categories including ethics and compliance; corporate citizenship and responsibility; culture of ethics, governance, and leadership; innovation; and reputation.
“Earning this recognition involves the collective action of a global workforce from the top down,” said Ethisphere Chief Executive Officer Timothy Erblich. “We congratulate everyone at Gap Inc. for this extraordinary achievement.”
The full list of the 2015 World’s Most Ethical Companies can be found here.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.
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. 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 the Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. More information about Ethisphere can be found at: http://www.ethisphere.com.
SOURCE Gap Inc.