GlaxoSmithKline Heads 2007 Most Ethical Pharmas List

Geneva-based Covalence is publishing Wednesday its third annual ethical reputation ranking, giving the best ranked companies as well as those companies which have made the most progress in 2007.

Below are those companies with the best ethical scores in the Pharmaceutical and Biotechnology sector.

Best EthicalQuote Score and Best EthicalQuote Progress are given by confronting positive and negative news. Best Reported Performance is calculated by quantifying positive news only – it shows how companies report on their ethical performance without considering criticisms and demands. Some companies being highly targeted by activists have a low EthicalQuote Score while at the same time ranking high in terms of Reported Performance. We can assume that “ethical demands” (negative news i.e. stakeholder issues, campaigns, expectations) stimulate “ethical offers” (positive news i.e. initiatives, reporting, communication by companies).

You can view and download the full report here (includes all sectors).

Best EthicalQuote Score
1.GlaxoSmithKline (GSK)
2.Johnson & Johnson (JNJ)
3.Bristol Myers Squibb (BMS)
4.Abbott (ABT)
5.Novartis (NVS)
6.Roche (RHHBY.PK)
7.Boehringer Ingelheim
8.Astra Zeneca (AZN)
9.Pfizer (PFE)
10.Sanofi Aventis (SNY)

Best EthicalQuote Progress
1.GlaxoSmithKline
2.Abbott
3.Johnson & Johnson
4.Sanofi Aventis
5.Boehringer Ingelheim
6.Schering Plough (SGP)
7.Takeda (TKPHF.PK)
8.Astra Zeneca
9.Bristol Myers Squibb
10.Amgen (AMGN)

Best Reported Performance
1.GlaxoSmithKline
2.Abbott
3.Novartis
4.Wyeth (WYE)
5.Merck & Co Inc (MRK)
6.Pfizer
7.Johnson & Johnson
8.Eli Lilly (LLY)
9.Sanofi Aventis
10.Astra Zeneca

Comments

[bill stenner:]

there is something funny about swiss ethics considering that they take money from dubious sources worldwide which has propelled these companies to the sizes they are today.
Lets just simplify this. If being ethical was a way to make lots of money like selling drugs is.. then they would be in the ethics business and that is all they would sell. red ethics..and blue ethics and you would have to make a choice on which one to swallow.
Let us hope that someone..someday might really become ethical.

2008 Jan 04 12:09 AM