For the second year, the Ethisphere Institute has recognized Eastman Chemical Company as a 2015 World’s Most Ethical Company.

“The World’s Most Ethical Companies designation recognizes organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company,” according to a release. The assessment is based on the Ethisphere Institute’s “Ethics Quotient” framework. Scores are generated in five categories: ethics and compliance program (25 percent), reputation, leadership and innovation (20 percent), governance (10 percent), corporate citizenship and responsibility (25 percent) and culture of ethics (20 percent).

“Being ethical not only makes good business sense, it’s the right thing to do,” says David A. Golden, Eastman’s senior vice president and chief ethics and compliance officer. “It takes each and every one of us to ensure that Eastman’s business activities are consistently conducted both legally and ethically. Because of our unwavering commitment to these behaviors, we have developed a reputation for being a high-performance specialty chemical company that operates with fairness and integrity. Receiving this prestigious recognition further reinforces our commitment to honesty, integrity and responsible corporate behavior.”