Kao and Henkel have once again been named as two of the World’s Most Ethical Companies 2011, by Ethisphere Institute, a U.S. think tank, which specializes in research on corporate ethics and social responsibility. Since the first listing in 2007, Kao is the only Japanese company that has been included on the list for five consecutive years. Henkel has made the list for the fourth year in a row. The ranking names a total of 110 companies selected from thousands of applicants in over 100 countries and 38 different sectors.