Company recognized for commitment to prioritizing a culture of ethics and integrity
RESTON, Va., Feb. 26, 2019 /PRNewswire/ -- Leidos (LDOS), a FORTUNE 500® science, information technology, and engineering leader, today announced that it has been named as one of the World's Most Ethical Companies® by the Ethisphere Institute for the second consecutive year. The annual designation recognizes companies who influence and drive positive change in the business community and societies around the world.
Ethisphere is the global leader in defining and advancing the standards of ethical business practices. This year the institute named 128 companies spanning 21 countries with the honor.
"Ethics and compliance is an integral component of our business – it is the foundation of everything we do," said Leidos Chairman and Chief Executive Officer Roger Krone. "Being named one of the World's Most Ethical Companies for the second consecutive year is an honor, one that highlights the ethical practices of our exemplary employees who work hard each day to drive positive change through their ethical behavior and leadership."
"As we celebrate the 50th anniversary of Leidos this month, we recognize that our company's success is built on a rich history of ethics and an environment where acting with integrity is the responsibility of every employee," added Leidos Chief Ethics and Compliance Officer Michele Brown. "We are incredibly proud that Ethisphere again recognized Leidos for maintaining a strong culture of ethics and integrity for our 32,000 global employees."
The World's Most Ethical Companies assessment is based upon the Ethisphere Institute's Ethics Quotient® framework, which offers a quantitative way to assess a company's performance in an objective, consistent and standardized manner. 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 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership and reputation (10 percent).
"Today, employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last," said Ethisphere's Chief Executive Officer, Timothy Erblich. "I congratulate everyone at Leidos for earning this recognition."
Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $10.19 billion for the fiscal year ended December 28, 2018. For more information, visit www.Leidos.com.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the period ended December 28, 2018, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
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