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Retailer wins recognition for ethical business practices:
Home store Ikea was recently named one of the 2009 World's Most Ethical Companies by the Ethisphere Institute, a research-based international think tank that evaluates more than 10,000 companies to determine winners. It is the third consecutive year Ikea has received the honor.
"Ikea has proven to be one of the world leaders in upholding high ethical standards, making it a true standout in its industry, especially as unethical business actions and decisions grab headlines each day," said Alex Brigham, executive director of the Ethisphere Institute.
The methodology used by the firm includes reviewing a business's history of ethics, litigation and regulatory infractions, evaluating its investment in sustainable business practices and looking at activities that might improve corporate citizenship.
Ikea was founded in Sweden in 1943 and offers home furnishings and accessories. There are 285 Ikea stores, including 36 in the U.S. and several in the Bay Area in cities such as East Palo Alto and Emeryville.
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