WESTLAKE VILLAGE, California — June 5, 2008 — Dole Food Company, Inc. was named one of the World’s Most Ethical Companies for a second year in a row by Ethisphere Magazine a national publication. Ethisphere is a think-tank dedicated to the research and promotion of profitable best practices in global governance, business ethics, compliance and corporate responsibility. The award was revealed at the Ethisphere and Forbes joint-conference, “Driving Profit through Ethical Leadership,” held on June 3rd.
“It is an honor to once again receive this designation from Ethisphere Magazine,” said David DeLorenzo, President and Chief Executive Officer of Dole Food Company. He added, “Dole’s core values are based on corporate ethics and social responsibility. Our employees and business associates are our company and their own ethics empowers the cultural environment and spirit in which we operate.”
Researchers and analysts reviewed several thousand companies in order to determine the finalists, which included a rigorous, multi-step evaluation process. The 2008 World’s Most Ethical Companies methodology committee is comprised of leading attorneys and government officials, professors and leaders who care about ethical and honest business practices.
The extensive research process included reviewing over 10,000 of the world’s leading companies on six continents. Ethisphere analysts reviewed codes of ethics, litigation and regulatory infraction histories; evaluated investment in innovation and sustainable business practices; looked at companies’ activities to improve corporate citizenship; studied nominations from senior executives, industry peers, suppliers and customers; and worked with consumer action groups for feedback and rating.
About Dole Food Company, Inc.
Dole Food Company, Inc., with 2007 revenues of $6.9 billion, is the world’s largest producer and marketer of high-quality fresh fruit, fresh vegetables and fresh-cut flowers. Dole markets a growing line of packaged foods and frozen fruit and is a produce industry leader in nutrition education and research. For more information on the company’s CSR efforts go to dole.com.
About the Ethisphere Council
The Ethisphere Council was created in 2006 by Corpedia, a leader in risk assessment and eLearning for ethics and compliance, the Practising Law Institute, a non-profit organization committed to enhancing the professionalism of attorneys and others and LexisNexis, a leading provider of comprehensive information and business solutions; and Formed with support from such leading corporations as Deutsche Telekom, Time Warner, Dresser Industries, Avaya and Kraft, the council is dedicated to the research, creation, and sharing of best practices in ethics, compliance, and corporate governance among its membership companies. It also focuses on the development and advancement of its members through increased efficiency, innovation, tools, mentoring, advice, and unique career opportunities. More information on membership can be found at http://www.ethisphere.com.
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