IMI plc, the FTSE 100 engineering company, has become the first to gain the Investing in Integrity (IiI) Charter Mark across its global business.
Investing in Integrity is a new accreditation system which demonstrates an organisation has in place ethical policies, procedures and practices that are embedded with its employees.
To gain accreditation IMI plc carried out a comprehensive on-line self- assessment of their ethical policies, procedures and practices; once this was completed, they underwent an independent assessment, carried out by Investing in Integrity partner, GoodCorporation. This is a requirement of full accreditation and involved site visits, staff interviews, an employee survey and reviews of documentation.
Jo Morgan, IMI’s Chief Compliance Officer commented on the process: “It was a very comprehensive exercise and gaining such a standard required extensive input and assessment throughout the organisation. It allowed us to strategically evaluate and reflect on our current architecture and benchmark ourselves against the Investing in Integrity principles. It enabled us to showcase our commitment to the accreditation and to understand the importance of gaining independent accreditation for the values and standards we have implemented through the IMI Way.”
Martin Lamb, Chief Executive of IMI Group said: “Doing business the right way, the IMI way, is at the heart of everything we do and we have welcomed the Investing in Integrity initiative as an independent way of checking that we are living up to the high ethical standards we set ourselves right across our global organisation. ”
Philippa Foster Back OBE, Director, Institute of Business Ethics said: “ IMI have worked hard to gain Investing in Integrity accreditation. They understand that doing business ethically enhances a company’s trustworthiness and reputation, and by extension, increases its value and sustainability.”
Simon Culhane CISI CEO said: ”We hope IMI Group’s achievement will assure other firms across sectors of the benefits of the Investing in Integrity Charter Mark to both their staff, their stakeholders and their bottom line.”
Organisations wishing to register for the Investing in Integrity charter mark should contact Andrew Hall on Andrew.Hall@cisi.org or visit: www.investinginintegrity.org.uk .