Grupo Bimbo, the foremost global baking company, has once again earned its place among the elite as one of the “World’s Most Ethical Companies” for an impressive eighth consecutive year. This distinction comes from Ethisphere, a renowned international authority dedicated to defining and championing ethical business practices.
Ethisphere’s recognition of Grupo Bimbo underscores the company’s steadfast commitment to upholding exemplary standards of business integrity, ethics, compliance, and governance, while also striving to make a positive impact on consumers.
At the heart of Grupo Bimbo’s ethos lies a dedication to integrity, exemplified by its recent update of its Code of Ethics. These guidelines set forth rigorous standards of conduct for both internal and external interactions, ensuring accountability and ethical behavior across the organization and its engagement with stakeholders.
Central to Grupo Bimbo’s daily operations is its adherence to the “Golden Rule,” a guiding principle rooted in respect, fairness, trust, and appreciation. This ethos permeates the company’s supportive workplace culture, fostering an environment where the well-being and transparency of all are paramount. Furthermore, Grupo Bimbo remains steadfast in its commitment to promoting and respecting the human rights of its associates, stakeholders, and communities within its value chain and operational areas.
Ignacio Stepancic, Global Leader of Regulatory Compliance at Grupo Bimbo, expressed gratitude for the recognition, emphasizing that it reflects the collective effort of every associate to cultivate an environment aligned with the company’s values. He underscored that ethics transcends mere words, embodying an ongoing dedication to doing and saying the right thing.
Ethisphere’s assessment methodology, anchored by its patented Ethics Quotient®, comprises over 240 inquiries 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 blueprint for identifying and standardizing exemplary practices across organizations globally.
In 2024, participating companies exceeded the global benchmark by 12.3 percentage points, reflecting their commitment to continuous improvement in ethical standards from January 2019 to January 2024.
