Pannon Receives Business Ethics Award
Fornebu
1 minute read
Pannon was awarded this year's Business Ethics Award. The award recognizes Pannon's ethical behaviour towards its employees, customers, business partners and the environment as well as its corporate citizenship efforts.
The Business Ethics Award was established in 2000 by the Budapest Club Foundation and business magazine Piac és Profit. According to the panel's evaluation, Pannon's business conduct sets a model for other companies to follow.
Multinational companies
The award is divided into three categories: Small and medium enterprises, multinationals and large national companies. Pannon received the award in the multinationals category. Previously the award has been granted to companies like Alcoa, Ericsson, Compaq and Siemens.
Social, environmental and economic considerations
Candidates are judged by the following criteria:
- Respect to all stakeholders in decision making and business operation
- Primary motivation of operation includes the welfare of others, not exclusively profit making
- Social and environmental concerns are addressed as well as economic considerations
Organisations that were asked to delegate included the Joint Venture Federation, employer federations, chambers, telecom and other trade associations, the Hungarian Business Leaders Forum, AmCham, etc.