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Sodexo has been named one of the 2009 World's Most Ethical Companies by the Ethisphere Institute.

29/4/2009

Sodexo was recognized for going beyond legal minimums, implementing innovative programs that benefit its 50 million global customers and the general public, and setting a high standard for its industry peers, business partners and suppliers in terms of ethical leadership.

Paris - April 29, 2009 - Sodexo announced that it has been named one of the 2009 World's Most Ethical Companies by the Ethisphere Institute. Sodexo, The Quality of Life solutions company with a core business of Food and Facilities Management services and one of the world's leading employers, was recognized for going beyond legal minimums, implementing innovative programs that benefit its 50 million global customers and the general public, and setting a high standard for its industry peers, business partners and suppliers in terms of ethical leadership.

"Ethical business practices are deeply rooted in Sodexo's corporate culture," said Michel Landel Group CEO Sodexo, adding, "Recognition as one of the World's Most Ethical Companies is a great honour that reflects the ongoing efforts of our 355,000 employees around the world to ensure that we live up to our ethical standards and values."

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 group, the Ethisphere Council, is a forum for business ethics that includes more than 200 leading corporations, universities and institutions.

Through a rigorous, multi-step evaluation process, Ethisphere's researchers and analysts reviewed more than 10,000 companies from over 100 countries and 35 industries in order to determine the finalists. Finally, only 99 companies were named as "World's Most Ethical Companies".

"Sodexo has proven to be one of the world leaders in upholding high ethical standards, making it a true standout in its industry, especially as unethical business actions and decisions grab headlines each day," said Alex Brigham, Executive Director of the Ethisphere Institute. "The competition for this year's World's Most Ethical Companies was very strong and we applaud Sodexo for rising to the top. Sodexo recognizes that being ethical is not only the right thing to do, it is also good business practice and leads to more successful and profitable operations."

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; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback.