HP fares best in ethics study of IT companies

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Hewlett-Packard has been judged best performer in an analysis of how multinational IT companies tackle ethical challenges.

Geneva-based consultancy Covalence placed the US company top of 29 global businesses. Intel came second and Cisco Systems third, with Nortel Networks and Texas Instruments among those at the bottom.

Covalence said the most noticeable trend in the sector during 2005 was much greater interest in the development of products and services likely to benefit some of the poorest populations in the world, such as technology that connects farmers to real-time market information.

Plant closures leading to job losses were posing the biggest reputational challenges within the sector, it said.

The assessment was based on 45 criteria, including companies’ humanitarian policies, the social value of their products, their waste management record and their approach to redundancy. Researchers drew on publicly available data to reach their conclusions.