St. Louis, February 9, 2011
Solae, LLC, a world leader in soy ingredients for nutritious great-tasting products, has earned Ethics Inside Certification from the Ethisphere Institute, leading international think-tank dedicated to the research and promotion of best practices in corporate ethics and compliance.
"Solae is honored to be recognized for our ethical practices and compliance. It demonstrates Solae’s commitment to be an ethical and responsible partner for our employees and customers, and in the communities in which we live and work,” said Cornel Fuerer, vice president, general counsel and chief compliance officer -- Solae. “Ethical behavior is one of Solae’s four core values and this dedication to personal and professional ethics comes from the top and is sustained throughout our company.”
The ethics and compliance programs and initiatives, organizational health and cultures, corporate governance systems, corporate citizenship and social responsibility efforts of organizations designated as Ethics Inside Certified demonstrably meet and exceed industry requirements, standards and best practices. Ethisphere awards Ethics Inside Certification exclusively to companies that not only have implemented adequate standards, systems and programs to reasonably prevent compliance failures and ethical breakdowns, but can also demonstrate the existence of a superior employee and leadership culture that promotes ethical business practices.
“Ethics Inside Certification is a uniquely exhaustive process that identifies a select group of companies that go above and beyond what is legally required of them to cultivate, maintain and communicate an exemplary culture of compliance and ethics,” said Erica Salmon Byrne, managing director of Compliance Advisory Services for Corpedia, a licensed Ethisphere credentialing partner. "Ethical practices and perception of a company’s ethical commitment are more important than ever to a company’s brand, reputation and long-term market success. We applaud Solae for demonstrating ethical leadership and providing unmistakable assurance to their customers, employees, business partners and investors that it truly does ‘walk the walk’ and that ethics is a key component to its culture and strategy.”
Ethisphere, through its licensed credentialing partners, requires more than 100 separate criteria be evaluated throughout the certification process. Those organizations meeting and exceeding Ethisphere’s threshold of achievement across these categories are awarded Ethics Inside Certification. In addition, applicants are compared against Ethisphere’s extensive benchmarking database that reflects both industry-specific and overall data and best practices.
More information about Ethics Inside Certification is available at http://ethisphere.com/inside/
. About Ethisphere Institute
The research-based Ethisphere Institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. The Institute’s associated membership groups, the Ethisphere Council and Business Ethics Leadership Alliance, are forums for business ethics that includes over 200 leading corporations, universities and institutions. These groups are dedicated to the development and advancement of members through increased efficiency, innovation, tools, mentoring, advice, and unique career opportunities. Ethisphere Magazine, which publishes the globally recognized World’s Most Ethical Companies Ranking™, is the quarterly publication of the Institute. Ethisphere provides the only third-party verifications of compliance programs and ethical cultures, Ethics Inside Certification®, Compliance Leader Verification and Anti-Corruption Program Verification. More information on the Ethisphere Institute, including ranking projects and membership, can be found at http://www.ethisphere.com
Solae, LLC is a world leader in developing soy-based ingredients for nutritious, great-tasting products. Solae provides solutions that deliver a unique combination of functional, nutritional, economical and sustainable benefits to our customers. Headquartered in St. Louis, Missouri, USA, the company was formed through a joint venture between DuPont (NYSE: DD) and Bunge (NYSE: BG). Solae is a recipient of Ethisphere™ Institute’s 100 “World’s Most Ethical Companies” in 2010. For more information, visit www.Solae.com
, or follow the company on Twitter at www.Twitter.com/SolaeLLC
and on Facebook at www.Facebook.com/SolaeLLC