BANGKOK, THAILAND – 27 February 2019 – DTGO Corporation Limited (DTGO), a leading Bangkok-based business group, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies, becoming the first Thai business to receive the respected global recognition.
DTGO is a diversified group established in 1993 with a mission to integrate social contribution with business success. The group’s companies include property developer Magnolia Quality Development Corporation Limited (MQDC), trading specialist Dees Supreme, and architectural design studio DT Design.
DTGO is the first Thai company to qualify since the recognition launched in 2007. The group is one of four honorees in the 2019 list’s ‘property development’ category. DTGO’s major subsidiary MQDC develops real estate projects under its commitment “for all well-being”, to benefit not only society but all living beings.
In 2019, the 128 honorees span 21 countries and 50 industries. The 13th class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
“DTGO and its subsidiaries are delighted and honored that Thai business is now recognized in this respected platform for global ethical standards,” said DTGO Group CEO and founder Mrs. Thippaporn Ahriyavraromp.
“This recognition has been earned by all DTGO stakeholders and members. This designation will inspire us to continue working to benefit society and the planet. I also thank our customers, business and social partners, investors, and other stakeholders for their commitment to ethical business. We will all work to build further on this success.”
“Today, employees, investors, and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last,” said Ethisphere’s Chief Executive Officer, Timothy Erblich.
“I congratulate everyone at DTGO for their social and business drive, encapsulated by their ethics and sustainability.”
Ethics & Performance
Listed 2019 World’s Most Ethical Companies outperformed the large cap sector over five years by 14.4% and over three years by 10.5%.
Methodology & Scoring
The World's Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
The full list of the 2019 World's Most Ethical Companies can be found athttps://worldsmostethicalcompanies.com/honorees.
Best practices and insights from the 2019 honorees will be released in a report and webcast in March and April of this year. Sign up to receive the report.
DTGO Corporation Limited (DTGO) is a business-social organization that has been dedicated since its founding in 1993 to the generation of well-being for society.
DTGO includes Magnolia Quality Development Corporation Limited (MQDC), a property developer; DT Design, an architecture studio; DT Plans, a design, project management, and construction management consultancy; Dees Supreme, a global procurement and trading specialist; and DigitaLife, an e-commerce specialist.
The group is also engaged in joint ventures that promote sustainable development. Obodroid and Obotrons develop robotics technologies and automation innovations, including Home Intelligent Systems. EEC-DT Green Power designs and operates environment-friendly energy and utility systems. MQDC Brite is a lifestyle and entertainment business.
DTGO allocates 2% of its topline revenue to social activities, working through the Buddharaksa Foundation, DT Families Foundation, and other non-profit organizations.
About DTGO and ethics
DTGO is part of Global Compact Network Thailand (GCNT), an organization dedicated to making the private sector an ethical force for sustainable development. The 10 principles of the UN Global Compact set out a path for corporate sustainability, starting with a company’s value system and a principled approach to doing business. Covering labor, human rights, the environment, and anti-corruption, these principles have helped develop DTGO’s initiatives to enhance its ethical practices. The group is founded on the conviction that its undertakings must benefit “the people at large, the society we live in, our organization, and all other stakeholders”.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com