Mattel, Inc. announced today that they have been named one of the “World’s Most Ethical Companies” in 2009 by the Ethisphere Institute and recognized for “Ongoing Commitment to Social, Environmental and Governance Leadership.”

From their press:

“At Mattel, playing fair is one of our company’s core values and the cornerstone of our ethical compliance program,” said Robert A. Eckert, chairman and chief executive officer of Mattel. “We know that how we achieve success is just as important as the success itself, and this recognition underscores our commitment to conduct our business with the highest level of integrity.”

Earlier this year, Mattel also was recognized among Fortune Magazine’s “100 Best Companies to Work For,” ranking at #48, as well as CRO Magazine’s “100 Best Corporate Citizens,” ranking at #7. Mattel joins honorees such as Nike, Toyota, Target, HP, Best Buy, McDonalds and Starbucks on Ethisphere’s 2009 honor roll.

“Mattel has proven to be one of the world leaders in upholding high ethical standards, making it a true standout in its industry,” said Alex Brigham, executive director of the Ethisphere Institute. “The competition for this year’s World’s Most Ethical Companies was very strong and we applaud Mattel for rising to the top.”

The methodology for the World’s Most Ethical ranking includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback. The 2009 World’s Most Ethical Companies methodology committee, comprised of leading attorneys, government officials, professors and organization leaders, were consulted early on in the 2009 WME process and had the opportunity to review and comment on the methodology used to rate this year’s nominees. Ethisphere researchers further analyze information provided by the companies through questionnaires.

To read the entire press, click here.