Solae Joins Business Ethics Leadership Alliance to Promote Core Business Ethics Values
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ST. LOUIS, MO, Jul 30 (MARKET WIRE) --
Solae, LLC today announced that it has joined the Business Ethics
Leadership Alliance (BELA), a groundbreaking initiative founded by The
Ethisphere Institute that promotes ethical business practices. Solae has
aligned itself with other BELA members, some of the most well-known and
highly respected brands in the world, to encourage openness,
transparency, responsibility and accountability.
"At Solae, we have always held the highest ethical standards and
commitment to our customers and business partners," said Cornel Fuerer,
vice president, general counsel and chief compliance officer -- Solae.
"Becoming a part of BELA reinforces our historical commitment to business
ethics and aligns with our core value of ethical behavior. We are excited
about this opportunity to join other companies that also recognize the
connection between ethical business behavior and strong operating
performance and brand."
BELA seeks to establish a benchmark framework for ethical behavior in the
corporate world by focusing on four core values:
-- Legal Compliance -- Following both the letter and spirit of the law to
counter fraud, corruption, bribery and deceit.
-- Transparency -- Setting the cultural tone from the top by encouraging
dialogue on ethical issues and disclosing information in a full, accurate
and timely manner.
-- Conflict Identification -- Actively identifying and addressing
potential conflicts of interest and appearances of impropriety.
-- Accountability -- Emphasizing quality, customer protection,
environmental sustainability and integrity in the supply chain.
"We are thrilled that Solae has joined BELA as a strong advocate of
these core principles," said Alex Brigham, executive director of the
Ethisphere Institute and founder of BELA. "We congratulate Solae on the
decision to take action by demonstrating a commitment to supporting
responsible business practices and look forward to its contributions to
BELA's collaborative efforts to create a more ethical business
environment for all."
Solae is now one of 30 companies that are current members of BELA,
including some of the largest in the United States such as General
Electric, Wal-Mart and PepsiCo. BELA is an international initiative.
The Business Ethics Leadership Alliance is a proactive initiative
supporting leading American and international businesses focused on
preparing the groundwork for improved business ethics across the global
economy. Promoting better ethical business practices in key areas
including compliance, transparency, conflict identification and
accountability, BELA was developed by The Ethisphere Institute, a
think-tank dedicated to the creation, advancement and sharing of best
practices in business ethics, corporate social responsibility,
anti-corruption and sustainability. More information on BELA is available
at http://www.ethisphere.org/bela.
Solae, LLC is the world leader in developing innovative soy-based
technology and ingredients for food and nutritional products. Solae
provides solutions that deliver a unique combination of functional,
nutritional and economic benefits to our customers. At Solae, we take one
of nature's best resources, the soybean, and create nutritious and
great-tasting ingredients. Our goal is to provide solutions for today
while innovating for tomorrow. With more than 1,000 products used by more
than 3,500 customers, Solae's soy ingredients are enjoyed by consumers
around the world in products such as baked goods, beverages, nutrition
bars, meats, vegetarian meals and much more. Headquartered in St. Louis,
Missouri, USA, with annual revenue exceeding $1 billion, the company was
formed through an alliance between Bunge (NYSE: BG) and DuPont (NYSE: DD).
For more information, visit www.solae.com.
Contacts:
Solae Media Contact
Molly Cornbleet
314-659-3380 (office)
314-302-5181 (cell)
Email Contact
BELA Media Contact
Erin Russell
720-855-8212
Email Contact
BELA Membership Contact
Dan Appelson
800-369-7583, ext. 2
Email Contact
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