Earning a social license to operate is not something that happens automatically, said PepsiCo’s Executive Vice President, Government Affairs, General Counsel and Corporate Secretary Tony West during an interview with Ethisphere’s CEO Tim Erblich. “If a company wants to be a long-term, sustainable company… you have to do things which bring value to the society in which you’re operating and that begins with an ethical culture,” West added.

Last year, PepsiCo reached a major milestone when the beverage and snack giant celebrated it’s 50th anniversary in the business and the company also maintained its spot on Ethisphere’s World’s Most Ethical Companies list for 10 consecutive years. In the interview (above), Erblich and West discuss the correlation between ethics and diversity and why engaging in long-term, sustainable business strategies are not only good for the company, but good for the community and the society in which it operates.

During Ethisphere’s 8th Annual Global Ethics Summit there were increased discussions around how corporate leaders could achieve consistent and sustainable growth. At technology companies like 3M, creating a sustainable competitive advantage means retaining a talented workforce—a point West stressed during his interview. Ivan Fong, Senior Vice President, Legal Affairs and General Counsel, 3M, and a speaker in the plenary session featuring CLOs, said that strong leadership is very important and it will help businesses lead through turbulent times. “As a company on the forefront of innovation for more than 112 years, our leadership feels that they have the responsibility and the duty to make sure that in another 100 years we are continuing to develop leaders of the future.”

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 Upcoming events:

Ethisphere’s 9th Annual Global Ethics Summit will take place in NYC, March 15-16, 2017, pre-register now!