2018 marks fourth year in a row TE's leading ethical business practices have been recognized
SCHAFFHAUSEN, Switzerland, Feb. 12, 2018 /PRNewswire/ -- TE Connectivity (TE) (TEL), a world leader in connectivity and sensors, has again been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2018 World's Most Ethical Companies. This is the fourth consecutive year TE has earned this recognition.
"We are honored to once again be named an Ethisphere World's Most Ethical Company," said TE Connectivity CEO Terrence Curtin. "At TE, our purpose is to create a safer, sustainable, productive and connected future. This distinction is a testament to the fact that we are living our purpose every day, not only through our words and values, but also in the way we operate. We continue to hold ourselves to high ethical standards and are proud to have a positive impact on our customers, partners, and employees around the world."
Honorees for the World's Most Ethical Company designation have shown record levels of involvement with their stakeholders and in their communities. They improve culture, lead authentically, and have committed to transparency, diversity, and inclusion.
"While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society's strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The World's Most Ethical Companies in particular continued to show exemplary leadership," explained Ethisphere's CEO Timothy Erblich. "I congratulate everyone at TE Connectivity for being recognized as one of the World's Most Ethical Companies."
Methodology & Scoring
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient® (EQ) framework which 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.
The full list of the 2018 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
Best practices and insights from the 2018 honorees will be released in a series of infographics and research throughout the year. Organizations interested in how they compare to the World's Most Ethical Companies are invited to participate in the Ethics Quotient.
ABOUT TE CONNECTIVITY
TE Connectivity Ltd. (TEL) is a $13 billion global technology and manufacturing leader creating a safer, sustainable, productive, and connected future. For more than 75 years, our connectivity and sensor solutions, proven in the harshest environments, have enabled advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With 78,000 employees, including more than 7,000 engineers, working alongside customers in nearly 150 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine. More information about Ethisphere can be found at: http://ethisphere.com.
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