PHILADELPHIA, PA (March 20, 2014) — Aramark (NYSE: ARMK), a $14 billion global provider of award winning services in food, facilities and equipment management, and uniforms that is committed to enriching and nourishing the lives of its customers and consumers, today announced it has once again been recognized for its industry leadership and operating integrity by FORTUNE magazine and Ethisphere Institute, respectively.
Aramark’s placement on FORTUNE’s 2014 List of “World’s Most Admired Companies” and Ethisphere’s 2014 List of “World’s Most Ethical Companies” reinforces the company’s continuing commitment to a high-level of service excellence and sound business practices and principles that drive value for clients, customers, communities, employees and shareholders alike.
"As a global leader committed to enriching and nourishing lives, we take great pride in the way we conduct our business,” said Eric Foss, President and CEO of Aramark. “This honor reflects our commitment to service excellence by all of our teams globally, who hold themselves accountable to operating in accordance with the highest ethical standards each and every day.”
Aramark has been named among FORTUNE’s “Most Admired Companies” every year since 1998 and this is the fourth time the company has been honored by the Ethisphere Institute.
Aramark’s clients span leading universities and school districts, healthcare institutions, municipalities, stadiums and arenas, and businesses in 22 countries around the world. The company’s 270,000 associates strive to innovate everyday operations and deliver executional greatness at the moment-of-truth when it matters most.
The “World’s Most Admired Companies” survey, conducted by FORTUNE and Hay Group, a global management consulting firm, is given to top executives, directors and financial analysts, to identify the companies that enjoy the strongest reputations within their industries and across industries. To compile the rankings, corporate reputation and performance are measured against nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products and services, and global competitiveness.
The Ethisphere Institute is an independent center of research promoting best practices in corporate ethics and governance. Ethisphere’s “World’s Most Ethical Companies” designation recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. “World’s Most Ethical Company” honorees understand the correlation between ethics, reputation and daily interactions with their brand. The “World's Most Ethical Company” assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework, which has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance program, reputation, leadership and innovation, governance, corporate citizenship and responsibility and culture of ethics.
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