Indian companies may be making it big on global arena on parameters like brand value and scale of business, but when it comes to being ethical none of them have managed to make the grade.
In the latest annual list of 93 world's most ethical companies compiled jointly by US-based magazines Ethisphere and Forbes, not a single Indian company finds mention.
Incidentally, there were two Indian companies Tata Group and Hindustan Lever in the last year's list. However, none of them could make it in the 2008 list.
HLL's Dutch parent Unilever has, however, made a mark in this year's rankings.
Other companies that have been named to the list include PepsiCo, headed by a person of Indian origin Indra Nooyi, Internet search giant Google, banking majors HSBC and Stanchart, auto giant BMW and human resource firm Manpower.
Although there is no composite list, but the study has named the most ethical companies in various sectors.
"The Worlds Most Ethical Companies are the ones that go above and beyond legal minimums, bring about innovative new ideas to expand the public well being, work on reducing their carbon footprint rather than contributing to green washing and won't be found next to the words "Billion Dollar Fine" in newspaper headlines any time in the near future. These are the companies that stand out among the competition in their industry," the report said.
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