NAED members ABB, Rockwell, Schneider, 3M, TE Connectivity, GE, and Johnson Controls have been named some of the World’s Most Ethical Companies® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success.
The list of the World’s Most Ethical Companies honors organizations that foster a culture of ethics and transparency at every level. The program honors companies that excel in three areas: promoting ethical business standards and practices internally, enabling managers and employees to make good choices, and shaping future industry standards by introducing tomorrow’s best practices today. Honorees have historically out-performed others financially, demonstrating the connection between good ethical practices and performance that’s valued in the marketplace.
In 2016, 131 honorees were named spanning 21 countries and five continents and representing over 45 industries. In its 10th year, the list includes 14 ten-time honorees and 13 first-time honorees.
The World’s Most Ethical Company assessment is based on the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere’s World’s Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%), and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
“Integrity is one of ABB‘s core values and we have made good progress every year even though it is an area that requires continuous attention. We are proud to be named one of the most ethical companies for the fourth year in a row,” said ABB CEO Ulrich Spiesshofer. “I would like to thank all of our employees for their commitment and for assuring that our services, operations and daily business are conducted with the highest level of integrity.”
“Being recognized as a World’s Most Ethical Company for the 10th year in a row is a direct reflection of the strong culture of integrity that exists at Johnson Controls and the commitment that our employees around the world demonstrate every day to uphold our values,” said Brian Cadwallader, vice president, secretary and general counsel for Johnson Controls.
“The importance of ethics and the transparency of integrity, both ingrained in our culture, continues to increase for current and potential employees,” said Keith D. Nosbusch, Rockwell Automation chairman and CEO. “Employees continually look for companies that value ethics and are consistently doing the right things, the right way, every day. Our ethical culture is a differentiator, a competitive advantage and makes Rockwell Automation a great place to do your best work.”
Jean-Pascal Tricoire Chairman and CEO of Schneider Electric commented: “We are proud of this recognition for the sixth consecutive year. We go beyond the letter of the law and demonstrate the highest ethical standards in line with our corporate values. By disclosing information that proves our business walks the talk, we guarantee a transparent context to our customers while benefiting the planet and society.”
“Our values — integrity, accountability, teamwork and innovation — define how we lead and grow our business,” said Tom Lynch, TE Connectivity Chairman and CEO. “We believe an unwavering commitment to these values and practicing the highest standards of ethics drive our success. We’re thrilled to be recognized again as a World’s Most Ethical Company by Ethisphere.”
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