Reputation Institute has released their rankings for global corporate responsibility and The LEGO Group has been rank first on the list. It was stated in the press release that LEGO was rated the highest when it came to being fair in business, ethical, and being open and transparent. More than half of consumers said they would buy LEGO products which is 13.7% higher than the RepTrak 100 average. This ranking is on top of their second place finish on the 2019 Global RepTrak 100 for being the most highly regarded company in the world.
Global study puts the LEGO Group in first place on Corporate Responsibility
The study, conducted by Reputation Institute, a global technology-driven provider of reputation measurement and management services, calibrated the perceptions of more than 140 companies on the merits of CR. CR RepTrak measures perceptions of Citizenship, Governance and Workplace, and provides a means of assessing a company’s Environmental, Social and Governance (ESG) credentials. The study is based on more than 230,000 individual ratings from the informed general public across 15 leading economies.
“The LEGO Group is a great example of a company that is committed to delivering on corporate responsibility and realizing strong business results by doing the right thing,” said Kasper Nielsen, Chief Strategy Officer at Reputation Institute. “The core strength in corporate responsibility translates into 57% of consumers saying they would definitely buy The LEGO Group’s products — which is a net 13.7 percentage points higher than the CR RepTrak 100 average.”
Consistent with The LEGO Group’s long-held approach to operating its business, the Business Roundtable — an association whose members are CEOs of major U.S. companies — said recently that corporations must invest in employees, support the environment, and deal ethically with business partners and not be solely focused on advancing the interest of financial stakeholders. The LEGO Group is the highest rated company when it comes to being fair in business, being ethical, open and transparent, according to the study from Reputation Institute.
“We are humbled that people recognize our efforts to create a better world for future generations,” said Niels Christiansen, CEO, The LEGO Group. “Our mission is to inspire and develop the builders of tomorrow. We do this through play which gives children skills to imagine and build a brighter future. And we do it through working hard to have a positive impact on the environment and our communities.”
In the 2019 CR RepTrak study, The LEGO Group’s year-over-year improvement caused it to knock Google off the top spot, relative to 2018. While The LEGO Group earned the highest overall rating, four other top 10 companies also achieved a strong CR rating: Natura, Microsoft, Google, and The Walt Disney Company. All other companies in the top 100 achieved a RepTrak rating of average, proving how difficult it is for companies to excel in CR.