MEMPHIS, Tenn., May 14 -- International Paper was named one of the World's Most Ethical Companies by Ethisphere Magazine, a national publication dedicated to illuminating the important correlation between ethics and profit. International Paper was recognized for its strong leadership in ethics and compliance, advancement of industry discourse on social and ethical issues, and positive engagement in the communities in which we operate. "We're very proud to be recognized as one of the world's most ethical companies," said John Faraci, International Paper chairman and chief executive officer. "We believe strongly in operating according to the highest ethical standards, and that is reflected in the way we do business across the globe. From our efforts to ensure the sustainability of the world's forests and our contributions to the communities in which we live and work, to the engagement of our employees and our strong corporate governance, our Code of Business Ethics is at the center of what we do every day." Ethisphere Magazine offers insight on gaining market share and creating sustainable competitive advantage through ethical business practices and corporate citizenship. The editors of the magazine chose fewer than 100 companies from more than 5,000 organizations that they analyzed over a six- month period. "This was a rigorous process that identified a select group of companies that were unequalled in their industries for their commitment to ethical leadership and corporate social responsibility. These organizations go beyond making statements about doing business ethically; they translate those words into action," said Alex Brigham, executive editor of Ethisphere Magazine. The process included reviewing companies' codes of ethics and governance, litigation and regulatory infraction histories; evaluating investment in innovation and sustainable business practices; looking at companies' activities to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback and rating.