Ethisphere names Avista as one of the 2024 World’s Most Ethical Companies® for the fifth time
04 Mars 2024 - 1:05PM
Avista Corp.
(NYSE: AVA), a Washington state-based
energy company with operations spanning five states, has been
recognized by Ethisphere, a global leader in defining and advancing
the standards of ethical business practices, as one of the 2024
World’s Most Ethical Companies.
Avista has been recognized by Ethisphere for five
consecutive years since 2020 and is one of only 8 honorees in the
Energy and Utilities industry. In 2024, 136 honorees were
recognized spanning 20 countries and 44 industries.
“We are honored to be recognized once again as one
of the World’s Most Ethical Companies. This year marks Avista’s 135
years of service to our community. Since our founding in 1889, we
have been committed to conducting business with the highest level
of integrity and in a manner that is trustworthy, innovative, and
collaborative. I am proud of all our employees who work daily to
make this possible,” said Avista CEO Dennis Vermillion.
“It’s always inspiring to recognize the World’s
Most Ethical Companies®. Through the rigorous review process, we
see the dedication of these organizations to continually improving
their ethics, compliance, and governance practices to the benefit
of all stakeholders,” said Erica Salmon Byrne, Ethisphere’s Chief
Strategy Officer and Executive Chair. “Companies that elevate
best-in-class cultures of ethics and integrity set a standard for
corporate citizenship for their peers and competitors to follow.
Congratulations to Avista for achieving this honor and
demonstrating that strong ethics is good business.”
Methodology & Scoring The
World's Most Ethical Companies assessment is grounded in
Ethisphere's proprietary Ethics Quotient®, an extensive
questionnaire that requires companies to provide over 240 different
proof points on their culture of ethics; environmental, social, and
governance (ESG) practices; ethics and compliance program;
diversity, equity, & inclusion; and initiatives that support a
strong value chain. That data undergoes further qualitative
analysis by our panel of experts who spend thousands of hours
vetting and evaluating each year's group of applicants. This
process serves as an operating framework to capture and codify
truly best-in-class ethics and compliance practices from
organizations across industries and from around the world.
Ethics & Performance: The Ethics
Premium The listed 2024 World’s Most Ethical Companies®
Honorees outperformed a comparable index of global companies by
12.3 percentage points from January 2019 to January 2024.
Honorees To view the full
list of this year’s honorees, please visit the World’s Most Ethical
Companies website, at
https://worldsmostethicalcompanies.com/honorees.
About Avista Avista Corp. is an
energy company involved in the production, transmission and
distribution of energy as well as other energy-related businesses.
Avista Utilities is our operating division that provides electric
service to 416,000 customers and natural gas to 381,000 customers.
Our service territory covers 30,000 square miles in eastern
Washington, northern Idaho and parts of southern and eastern
Oregon, with a population of 1.7 million. AERC is an Avista
subsidiary that, through its subsidiary AEL&P, provides retail
electric service to 18,000 customers in the city and borough of
Juneau, Alaska. Our stock is traded under the ticker symbol “AVA”.
For more information about Avista, please visit
www.avistacorp.com.
Avista Corp. and the Avista Corp. logo are
trademarks of Avista Corporation.
SOURCE: Avista Corporation
About Ethisphere Ethisphere is
the global leader in defining and advancing the standards of
ethical business practices that strengthen corporate brands, build
trust in the marketplace, and deliver business success. Ethisphere
has deep expertise in measuring and defining core ethics standards
using data-driven insights that help companies build strong
cultures of ethics and integrity. Ethisphere honors superior
achievement through its World’s Most Ethical Companies® recognition
program, provides a community of industry experts with the Business
Ethics Leadership Alliance (BELA), and showcases trends and best
practices in ethics with Ethisphere Magazine. Ethisphere also
advances business performance through data-driven assessments,
guidance, and benchmarking against its unparalleled data: the
Culture Quotient dataset reflecting the ethical business practices
of 3+ million employees around the world; and the Ethics Quotient
dataset, featuring 240+ data points on the ethics, compliance,
social, and governance practices of the World’s Most Ethical
Companies. For more information, visit https://ethisphere.com.
Media Contacts
Avista Media Contact Lena Funston
lena.funston@avistacorp.com
Ethisphere Media Contact Anne Walker VP, Media and
Communications Anne.Walker@Ethisphere.com
Avista (NYSE:AVA)
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Avista (NYSE:AVA)
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