New Delhi: Housing Development Finance Corp (HDFC) is the only Indian company to appear in the list of world's most ethical companies' list this year, while search engine giant Google failed to make the cut.
The list prepared by the US-based think tank Ethisphere Institute features the India-based banking and finance company among the 110 global firms including American Express and Standard Chartered Bank.
Ethisphere Institute also named Microsoft to its list of 110 most ethical companies in the world, but neither Apple nor Facebook is in the list.
More than 3,000 companies applied to be on the list. Ethisphere ranks them based on factors like history of regulatory infractions, sustainable business practices, and peer nominations.
Of the total 110 companies, 36 companies have featured for the first time, while 26 of the companies that appeared last year have been dropped.
Among the other companies that found a place in the list include online marketplace company eBay, auto maker Ford Motor, Accenture, Adobe Systems and food and beverage firm PepsiCo.
The companies in the list have been picked from across the sectors like banking, consumer goods, automobiles, apparel, retail and healthcare.
As per the report, ethical company designation is awarded to those companies that have leading ethics and compliance programmes, particularly as compared to their industry peers.