PHOENIX — The Ethisphere Institute has named CHS Inc., Grupo Bimbo de CV, Ingredion Inc. and Kellanova as 4 of the 136 companies that have excelled in ethical business practices throughout 2025.

For the past 19 years, Ethisphere has put together a list of companies from around the world that prioritize ethical business practices and engage in long-term work to build trust among consumers, investors and employees. For the list=making process, Ethisphere utilizes a proprietary Ethics Quotient questionnaire, which uses 240 questions to assess a company’s ethics and compliance program, culture of ethics, governance practices, environmental and social impact, and initiatives that support a strong value chain.

“Congratulations to this year’s class of honorees,” said Erica Salmon Byrne, chief strategy officer and executive chair of Ethisphere. “These organizations understand that strong ethics is good business. Integrity-driven companies outperform financially, create talent-rich work environments and build trust. Thank you for your hard work.” 

Farming company CHS Inc., Inver Grove Heights, Minn., is a first-time honoree.

“This recognition reinforces our commitment to working with integrity and conducting business in an ethical manner,” said Jay Debertin, president and chief executive officer of CHS. “I am proud of every one of our employees who made this possible by bringing our core value of integrity to life every day through their interactions with our owners, customers and communities.”

Mexico City-based food manufacturer Bimbo made the list for the ninth year in a row.

“This recognition reaffirms Grupo Bimbo's commitment to ethics integrity, and transparency, as well as our global public commitments,” said Ignacio Stepancic, global compliance director at Grupo Bimbo. “It motivates us to continue strengthening our ethical culture and responsibly monitoring our company's performance. Acting ethically goes beyond simply following rules. It is about having the conviction to do and say the right thing.”

Ingredion Inc., Westchester, Ill., is on the list for 11^th year in a row.

“We are proud to be named one of the World’s Most Ethical Companies by Ethisphere in 2025,” said Jim Zallie, president and CEO of Ingredion. “This honor underscores the unwavering commitment of our global teams who consistently lead with integrity and embed ethics into every aspect of our organization. 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.”

Kellanova, Chicago, was recognized for the 17th year in a row.

“At Kellanova, we believe that trust is built through transparency, integrity and a deep commitment to doing what's right,” said Steve Cahillane, chairman, president and CEO of Kellanova. “Every day, we work to create better days and a place at the table for everyone through our trusted food brands. We are proud that Ethisphere recognizes our efforts, and even prouder to earn the trust of consumers across the world.”

Other food and beverage companies named in this year’s Ethisphere list include ADM, Chicago; Charoen Pokphand Group Co., Ltd. (CP Group), Bangkok; The J.M. Smucker Co., Orrville, Ohio; PepsiCo, Inc., Purchase, NY; and The Hershey Co., Hershey, Pa.