The Timken Company has been recognised for the sixth time by the Ethisphere® Institute as one of the world’s most ethical companies.
Timken is one of 131 organisations selected as a 2016 World’s Most Ethical Company®. The designation recognises companies that promote ethical business standards and align principle with action.
“We are proud to be recognised with this distinction, and we strive to demonstrate the highest ethical principles every day,” said Richard G. Kyle, Timken president and CEO. “As we grow around the world, we ensure all Timken associates, as well as those who represent our company, understand our long-standing commitment to our core value of ethics and integrity, and we expect them to conduct every aspect of our business with integrity.”
The Ethisphere Institute advances the global conversation on corporate ethics, responsibility and leadership. It has developed a framework that assesses an organisation’s performance in an objective, consistent and standardised way. Scores are generated in five categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).
"Companies that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage," explained Timothy Erblich, CEO of Ethisphere.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/the-americas/08032016/timken-company-recognized-world-most-ethical-companies-646/