Hrvatski Telekom, a leading telecommunications company and the largest investor in digitalization in Croatia, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2022 World’s Most Ethical Companies.
This is the first time that a Croatian company has received such a recognition and has met Ethisphere’s criteria for excellence across five categories including the ethics and compliance program, ethical culture, corporate citizenship, governance and leadership. With it Hrvatski Telekom finds itself in the company of renowned global companies such as: Accenture, Hewlett Packard, Intel, IBM,L’Oréal, Microsoft, Salesforce, Sony, Starbucks.
Hrvatski Telekom is also global-wise one of only 5 honorees in the telecommunications industry, with only 17 out of 136 winning companies being based in Europe.
“We are proud that our implementation of the highest business and corporate governance standards, and our corporate ethics have been recognized by Ethisphere as exemplary and that Hrvatski Telekom, as the first ever Croatian company has been named as one of the World's Most Ethical Companies. Integrity, reputation and trust are essential parts of a sustainable and successful business, and as such they represent the foundation of all our daily operations. As a digitization leader we are constantly raising the bar and setting new, increasingly ambitious industry standards, encouraging the development of a knowledge society, opening the doors of new opportunities to individuals, business and society all the while guided by the highest ethical standards which areembedded in our corporate culture”, said Kostas Nebis, President of the Management Board (CEO) of Hrvatski Telekom.
“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change. The World’s Most Ethical Companies honorees are leaders in business integrity and we continue to be inspired by their dedication to integrity, sustainability, governance, and community. Congratulations to Hrvatski Telekom for earning the World’s Most Ethical Companies designation”, said Ethisphere CEO, Timothy Erblich.
Ethics & Performance
Ethisphere’s 2022 Ethics Index, the collection of publicly traded companies recognized as recipients of this year’s World’s Most Ethical Companies designation, outperformed a comparable index of large cap companies by 24.6 percentage points over the past five calendar years.The outperformance, which Ethisphere refers to as the “Ethics Premium,” has remained consistent since Ethisphere began tracking the performance of honoree companies.
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.
About Hrvatski Telekom
Hrvatski Telekom (HT) is the leading telecommunications company in Croatia providing a full range of telecommunications services – fixed and mobile telephony services, data transmission, TV services, internet and international communications.
As the biggest private investor in digitalization, Hrvatski Telekom is also the leader in the digitalization of Croatia and was the first to launch a commercial 5G network in Croatia in 2020, which opened a new chapter in the development of the digital society and economy, preparing Croatia for the digital transformation based on the Industry 4.0.
Numerous independent international awards over the years confirmed Hrvatski Telekom’s leading network status in Croatia, with HT being also recognized as one of the 10 fastest networks not only in Europe butglobally.
In addition, Hrvatski Telekom also provides a wide range of business solutions and services to companies of all sizes, from ICT and Cloud services to POS and customer engagement solutions, as well as Smart City solutions to local Croatian governments.
Hrvatski Telekom’s vision is to deliver sustainable and profitable growth by connecting everyone in Croatia to the opportunities of digitization enabling people to improve their lives.
Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.