Target named one of the world's most ethical companies

MINNEAPOLIS — Target has made the Ethisphere Institute’s World’s Most Ethical Companies for 2011 list, the retail chain said Thursday.

Target said the institute, an international business ethics organization, honored Target for business practices and initiatives that benefit the community. This is the fifth consecutive year in which the company has won the award.

“Businesses thrive in strong, diverse communities, and Target’s long-standing record of community engagement and corporate social responsibility is a source of pride for our team and a hallmark of our brand,” Target president, chairman and CEO Gregg Steinhafel said. “We are honored to be recognized for our commitments to responsible corporate citizenship and to fostering an inclusive culture.”

In addition, Target was ranked 22nd on Fortune magazine’s list of the Most Admired Companies, 44th on DiversityInc’s Top 50 Companies for Diversity list and 26th on Corporate Responsibility’s 100 Best Corporate Citizens list.