“As a values-based organization with a long-standing heritage of integrity, we are honored to be recognized by the Ethisphere Institute,” said Deborah Severs, Eaton senior vice president, Global Ethics and Compliance. “By doing business right, Eaton continually builds its reputation with one set of global standards that we apply throughout our operations.”
Ethisphere reviewed thousands of nominations from companies in more than 100 countries and 36 industries to determine the winners. The research and selection process included reviewing companies’ codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.
“Each year the competition for World’s Most Ethical Companies intensifies as the number of nominations submitted for consideration grows,” said Alex Brigham, executive director of the Ethisphere Institute. “Eaton knows that a strong ethics program is a key component to a successful business model, and it continues to scrutinize its ethical standards to keep up with an ever-changing regulatory environment.”
Eaton has received widespread recognition for responsible business practices; recent honors include:
• Ranked among Fortune Magazine’s World’s Most Admired Companies and Newsweek Magazine’s Greenest Companies
• Ranked among world’s top sustainability performers in NASDAQ Global Sustainability 50 Index
• One of Corporate Responsibility Officer Magazine’s 100 Best Corporate Citizens, 2007 - 2011
• Cited in China’s Business Watch magazine’s China Green Company Top 10 and Fast Company Top 100
Eaton Corporation is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 sales of $16.0 billion, Eaton is a global technology leader in electrical components, systems and services for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulic and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 73,000 employees and sells products to customers in more than 150 countries.