Case study: How Ford promotes a culture of compliance and ethics across its operations
Operating in over 100 countries and employing 201,287 people in 71 facilities across the globe, Ford strives to gain the trust of key stakeholder groups by operating responsibly and transparently, with compliance and ethics as a solid foundation for the company’s business practices and activities.
Abstract
Ensuring ethical business practices are implemented across the company’s operations worldwide is a key priority for Ford, in striving to be a good corporate citizen. In order to promote a culture of compliance and ethics across its operations Ford took action to:
• provide ethics advice
• offer ethics and compliance training
• encourage the reporting of violations
• fight bribery and corruption
Using the GRI Standards in order to maintain and increase the value of your company
With each publication in this series the FBRH team will highlight one key impact identified by a company reporting in accordance with the GRI Standards and show how it has taken a structured, systematic approach to improving performance. With such positive action companies build trust, by dealing responsibly and conscientiously with their impact on the environment and on their stakeholders (e.g. clients, suppliers, shareholders, local communities, NGOs or local government). Stakeholders that can hold it back or stop it from reaching its objectives
By building trust your company creates loyalty and long-term commitment to its services and brands
New foreword by the Editor:
Why the GRI Sustainability Reporting Standards are not a box ticking exercise and how 80% of the world's 250 largest companies are using the GRI Standards to gain competitive advantage
