Granite Construction Named to Ethisphere's 2011 "World's Most Ethical Companies" For 2nd Year in a Row
Award Recognizes Exceptional Ethical Leadership Actively Upheld
within Various Industries
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite Construction Incorporated (NYSE: GVA) announced today that it
has been recognized by the Ethisphere Institute as one of the 2011
World's Most Ethical Companies. Out of a record number of nominations
for the award, Granite secured a hard-earned spot on the list by going
the extra mile and implementing upright business practices and
initiatives that are instrumental to the company's success, benefit the
community, and raise the bar for ethical standards within the industry.
"Granite places a strong value on corporate responsibility. Being named
to Ethisphere's 2011 World's Most Ethical Companies list is a testament
to the solid foundation we have in place," said James H. Roberts,
Granite President and Chief Executive Officer. "We are committed to
sharing an unwavering dedication to the highest ethical standards from
employees at every level of our organization."
This is the fifth year Ethisphere, a think-tank dedicated to the
creation, advancement and sharing of best practices in business ethics,
corporate social responsibility, anti-corruption and sustainability, has
published the WME rankings, which appear in Ethisphere Magazine's Q1
Ethisphere reviewed thousands of companies and evaluated a record number
of applications utilizing its propriety methodology through in-depth
research and multi-step analysis, naming 110 companies that surpassed
their industry peers to this year's World's Most Ethical Companies list.
The 2011 list features companies in 38 industries including 43 companies
headquartered outside the United States.
"As companies strive to maintain a competitive advantage, good ethics
translate into better business, and better business means better bottom
lines. Granite recognizes the important role that principled practices
play in brand reputation, which ultimately is the most valuable asset
for a corporation," said Alex Brigham, Executive Director of the
Ethisphere Institute. "Each year, the competition gets more intense for
the World's Most Ethical Companies and this year was no exception with a
record number of organizations vying for this distinguished honor.
Ethisphere congratulates Granite on being one of the World's Most
Ethical Companies for 2011."
The methodology for the WME ranking includes reviewing codes of ethics,
litigation and regulatory infraction histories; evaluating the
investment in innovation and sustainable business practices; looking at
activities designed to improve corporate citizenship; and studying
nominations from senior executives, industry peers, suppliers and
Read about the methodology and view the complete list of the 2011
World's Most Ethical Companies at http://ethisphere.com/worlds-most-ethical-companies-rankings/.
Granite Construction Incorporated is a member of the S&P 400 Midcap
Index, the FTSE KLD 400 Social Index and the Russell 2000 Index. Granite
Construction Company, a wholly owned subsidiary, is one of the nation's
largest diversified heavy civil contractors and construction materials
producers. Granite Construction Company serves public- and
private-sector clients through its offices and subsidiaries nationwide.
For more information about Granite, please visit its website at www.graniteconstruction.com.
About Ethisphere Institute
The research-based Ethisphere Institute is a leading international
think-tank dedicated to the creation, advancement and sharing of best
practices in business ethics, corporate social responsibility,
anti-corruption and sustainability. The Institute's associated
membership groups, the Ethisphere Council and Business Ethics Leadership
Alliance, are forums for business ethics that includes over 200 leading
corporations, universities and institutions. These groups are dedicated
to the development and advancement of members through increased
efficiency, innovation, tools, mentoring, advice, and unique career
opportunities. Ethisphere Magazine, which publishes the globally
recognized World's Most Ethical Companies Ranking™, is the quarterly
publication of the Institute. Ethisphere provides the only third-party
verifications of compliance programs and ethical cultures, Ethics Inside
Certification®, Anti-Corruption Leader Verification and
Compliance Program Verification. More information on the Ethisphere
Institute, including ranking projects and membership, can be found at www.ethisphere.com.
Jacque Fourchy, 831-761-4741
Source: Granite Construction Incorporated
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