CLEVELAND … Diversified industrial manufacturer Eaton has been recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies for the seventh consecutive year.
“As an organization focused on upholding practices that involve the highest standards of honesty and integrity, we are honored to be recognized by the Ethisphere Institute for a seventh year,” said Deborah Severs, Eaton senior vice president, Global Ethics and Compliance. “Eaton’s reputation for integrity is one of our greatest strengths, and it is something that is helping us attract and retain talented employees who power Eaton’s success now and in the future.”
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. Receiving a record number of nominations and applications this year, the 2013 list is the largest since its inception in 2007.
“Not only did more companies apply for the World's Most Ethical Companies recognition this year than any year in the past, which demonstrates that ethical activity is an important part of many of these companies' business models, but we are also seeing more companies such as Eaton be proactive and create new initiatives that expand ethics programs and cultures across entire industries, such as industry-based ethics associations and other activities,” said Alex Brigham, executive director of the Ethisphere Institute.
Eaton has received widespread recognition for responsible business practices; recent honors include:
- Ranked among Fortune Magazine’s World’s Most Admired Companies
- Named to Thomson Reuters Top 100 Innovators List 2011 - 2012
- 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 - 2012
- Cited in China’s Business Watch magazine’s China Green Company Top 10 and Fast Company Top 100
- Named among India’s Best Companies to Work For by the Economic Times and Great Places to Work Institute, 2012
Eaton is a diversified power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2012 sales of $16.3 billion, Eaton is a global technology leader in electrical products, systems and services for power quality, distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton acquired Cooper Industries plc in 2012. Eaton has approximately 103,000 employees and sells products to customers in more than 175 countries.