Reputation of large Swiss companies is not the best

 Swiss companies do not score well in a study on the reputation of large corporations. This is the result of a ranking by the Geneva-based company Covalence, which scrutinized the 200 largest companies in the world based on ethical criteria. It combed through the information published about these companies over the last three years, as Cash Daily reports. Of the Swiss companies, Nestlé was ranked 31st, Credit Suisse 58th, followed by UBS in 59th place. Roche is ranked 172nd, Syngenta 180th and Novartis 188th. According to the author of the study, the fact that the pharmaceutical multinationals are ranked poorly is also due to the fact that the entire industry has had a difficult year. Covalence Director Antoine Mach told Cash Daily that the rather lukewarm rankings of CS and UBS were due to the fact that the two banks are reluctant to communicate on topics such as social responsibility and sustainability. The public is demanding more transparency here. Nestlé has apparently learned: the food multinational was ranked 200th in last year's ranking and has now worked its way up to 31st place. According to Mach, Nestlé is now responding better to critical voices.