Ingredion recognised among World’s most ethical companies
USA – Chicago-based Ingredion Incorporated has been recognised for the 11th time as one of the 2025 World’s Most Ethical Companies by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
The World’s Most Ethical Companies assessment is grounded in Ethisphere’s proprietary Ethics Quotient, which requires companies to provide more than 240 different proof points on practices that support robust ethics and compliance, governance, a culture of ethics, environmental and social impact, and initiatives that support a strong value chain.
That data undergoes further qualitative analysis by the panel of experts, who spend thousands of hours vetting and evaluating each year’s applicants.
This process serves as an operating framework for capturing and codifying best-in-class ethics and compliance practices from organisations worldwide.
Proofs from Ingredion demonstrated that the company implements rigorous policies and procedures to maintain ethical integrity and compliance across its global operations as well as investing in community development programs and supports local initiatives to make a positive social impact.
The results also indicated that Ingredion prioritizes accountability and transparency in decision-making and governance, making it appear on the list.
Erica Salmon Byrne, Ethisphere’s chief strategy officer and executive chair, congratulated Ingredion on being recognized as one of the World’s Most Ethical Companies.
She highlighted that this achievement reflects a genuine dedication to upholding business integrity, emphasising that such practices benefit businesses and are valued by employees and other stakeholders.
Jim Zallie, Ingredion’s president and CEO, said, “We are proud to be named one of the World’s Most Ethical Companies by Ethisphere in 2025. This honor underscores the unwavering commitment of our global teams, who consistently lead with integrity and embed ethics into every aspect of our organisation.
“At Ingredion, we remain dedicated to fostering a values-driven culture rooted in the highest standards of ethics and integrity, serving as the foundation of our actions for all stakeholders.”
Other food companies on the list include The Hershey Company, Kellanova, ADM, PepsiCo, Charoen Pokphand Group, CHS Inc., Grupo Bimbo, J.M. Smucker and Co.Sodexo.
The recognisition comes after the company released its FY 2024 results. Net income was US$647 million, equal to US$9.88 per share on the common stock, up slightly from US$643 million, or US$9.74, in the fiscal year of 2023.
Net sales were US$7.43 billion, down 9% from US$8.16 billion. Results during 2024 included US$127 million in restructuring charges, up from US$11 million a year earlier. Adjusted earnings jumped 13%.
Food & Industrial Ingredients for the United States and Canada had an operating income of US$373 million, up 25% from US$298 million the year before. Sales were US$2.16 billion, down 8%.
In Latin America, the operating income was US$483 million, up 7% from 2023. Sales were US$2.45 billion, down 7%.
James P. Zallie, President and Chief Executive officer, said, “We delivered record Q4 financial results driven by continued strong sales volume and exceptional results in our Food and Industrial Ingredients (F&II) US/CAN and LATAM segments.
“Our 2024 reorganisation and new segment structure positioned our teams well toward targeted market and customer opportunities establishing a solid foundation for future growth.”
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