Grupo Bimbo, the foremost baking company globally, has once again secured its position as one of the “World’s Most Ethical Companies” for the eighth consecutive year, as determined by Ethisphere, a respected authority in the realm of ethical business standards.
Ethisphere’s analysis lauds Grupo Bimbo for its unwavering commitment to business integrity, ethical conduct, compliance, and governance, alongside its efforts to foster positive impacts for consumers.
The company consistently spearheads comprehensive global initiatives to underscore its dedication to integrity, including a recent update to its Code of Ethics. These guidelines set forth the highest standards of conduct within and outside the organization, as well as protocols for engaging with stakeholders.
At the heart of Grupo Bimbo’s operations lies its guiding principle: the “Golden Rule,” which epitomizes values of respect, fairness, trust, and appreciation. This ethos is deeply ingrained within the company’s supportive workplace culture. Grupo Bimbo remains steadfast in its pledge to uphold and respect the human rights of its associates, stakeholders, and all individuals across its value chain and the communities it serves.
Ignacio Stepancic, Global Leader of Regulatory Compliance at Grupo Bimbo, expressed gratitude for the recognition, emphasizing that it reflects the collective dedication of every associate. He highlighted that ethics transcends mere words, constituting an ongoing commitment to doing and saying what is right.
Ethisphere’s assessment methodology, grounded in its patented Ethics Quotient®, involves evaluating over 240 parameters covering culture, environmental and social practices, ethics and compliance endeavors, governance, diversity, and initiatives supporting a robust value chain.
This rigorous process serves as a benchmark for identifying and standardizing exemplary practices across organizations worldwide. Notably, the performance of participating companies in 2024 surpassed the global company index by an impressive 12.3 percentage points from January 2019 to January 2024.
