illycaffè Named Among The 2021 World’s Most Ethical Companies by Ethisphere
Recognition honors companies that understand the
importance of leading, making hard but values-based decisions, and demonstrate
an overall commitment to integrity.
February 23, 2021
Coffee Geography Magazineilly caffè S.p.A., a global coffee industry
leader in sustainable quality, has been recognized by Ethisphere, a global
leader in defining and advancing the standards of ethical business practices,
as one of the 2021 World's Most Ethical Companies. This year marks the
Company's ninth consecutive honor.
illycaffè regards upholding the highest ethical standards
as fundamental to its operations. The Company maintains a longstanding
commitment to improving the quality of life for all of its stakeholders, from
farmers to consumers. Recognition by Ethisphere as one of the 2021 World's Most
Ethical Companies strongly validates the Company's efforts to help create a
more sustainable world for many generations to come. illycaffè is the only
Italian company to receive this honor and is one of only six recipients in the
Food, Beverage & Agriculture category. In total, 135 honorees were
recognized spanning 22 countries and 47 industries for 2021.
"Maintaining and promoting strong ethics and values
are essential to affecting positive change throughout our global society, as is
recognizing the private sector's essential role in creating a world that is
more socially, economically and environmentally sustainable now and for
generations to come," said Andrea Illy, Chairman of illycaffè S.p.A.
"One of our current major focus is reducing our environmental impact
throughout the entire supply chain, one meaningful, measurable step at a time,
with the ultimate goal to be carbon neutral by 2033. We are proud to be
recognized by the Ethisphere Institute for our stewardship and commitment to
ethical business practices and thank them for their continued role in inspiring
companies to be and do their best for the world."
Andrea Illy, Chairman of illycaffè S.p.A.
"While addressing the tough challenges of 2020, we
saw companies lead – above all other institutions – on earning the trust of
stakeholders through resilience and a commitment to ethics and integrity,"
said Ethisphere CEO, Timothy Erblich. "The World's Most Ethical Companies
honorees continue to demonstrate an unwavering commitment to the highest values
and positively impacting the communities they serve. Congratulations to
everyone at illycaffè for earning the World's Most Ethical Companies
designation."
Ethisphere CEO, Timothy Erblich
Methodology & Scoring
Grounded in Ethisphere's proprietary Ethics Quotient®,
the World's Most Ethical Companies assessment process includes more than 200
questions on culture, environmental and social practices, ethics and compliance
activities, governance, diversity and initiatives to support a strong value
chain. The process serves as an operating framework to capture and codify the
leading practices of organizations across industries and around the globe.
This year, the process was streamlined and question set
expanded to gauge how applicants are adapting and responding to the global
health pandemic, environmental, social, and governance factors, safety, equity,
and inclusion and social justice.
Aboutillycaffè
illycaffè is a family-owned Italian company founded in
Trieste in 1933, whose goal from the onset has been to offer the world's best
coffee. illycaffè makes a unique 100%
Arabica blend that combines 9 of the world's best coffees according to
illycaffè. Every day, over 8 million cups of illy coffee are enjoyed worldwide
in over 140 countries, in the best coffee bars, restaurants, and hotels, in illy brand stores, and of course at home. Thanks to its innovations, illy is
contributing to technological advancement in the coffee sector. Thanks to its
"Ernesto Illy Quality Award for Espresso Coffee", which was
established in Brazil in 1991, illy has helped disseminate know-how, achieved
higher prices for growers of high-quality illy coffee, and established partnerships
on the basis of the principles of sustainable development. The company has also
founded its own University of Coffee, with the goal of promoting coffee culture
at all levels. The university provided comprehensive and practical training for
growers, baristas, and coffee lovers covering all aspects of this product.
Anything 'made in illy' is made more valuable through beauty and art, two of
the brand's core values, starting with the logo designed by the artist James
Rosenquist and encompassing the illy Art Collection cups, decorated by over 100
international artists. In 2019 the company employed 1405 people and had a
consolidated turnover of €520.5. There are about 269 single-brand illy stores
in over 40 countries worldwide.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in
defining and advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success. Ethisphere has
deep expertise in measuring and defining core ethics standards using
data-driven insights that help companies enhance corporate character and
measure and improve culture. Ethisphere honors superior achievement through its
World's Most Ethical Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA).