Recognition demonstrates ABB's commitment to ethical
leadership
MONTREAL, March 31, 2015 /CNW Telbec/ - ABB, the power and
automation technology group, has been named by the Ethisphere
Institute, an independent research center promoting best practices
in corporate ethics and governance, to its 2015 list of the world's
most ethical companies.
This is the third consecutive year that ABB has been recognized
by the Institute. The World's Most Ethical Companies designation
recognizes those organizations that have had a material impact on
the way business is conducted by fostering a culture of ethics and
transparency at every level of the company.
"This award embodies years of commitment to an ethical work
environment," explains Daniel
Assandri, Country Managing Director for ABB in Canada. "It is with great pleasure that we
receive it, and I dedicate it to all our employees in Canada who, through their determination, made
this distinction possible."
"This is the third year that ABB has had the honor of receiving
this award, and we always welcome it with the same enthusiasm.
Integrity is a top priority at ABB and being recognized by
Ethisphere supports our view that we aim to not only be recognized
for our leading technology but also for the progress we have made
in embedding integrity in our business," said Guy Dionne, Vice-President, General Counsel and
Corporate Secretary, ABB in Canada.
The World's Most Ethical Company assessment is based upon the
Ethisphere Institute's Ethics Quotient™ (EQ) framework developed
over years of research to provide a means to assess an
organization'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. The EQ framework and
methodology is determined, vetted and refined by the expert advice
and insights gleaned from Ethisphere's network of thought leaders
and from the World's Most Ethical Company Methodology
Advisory Panel.
"The World's Most Ethical Companies embrace the correlation
between ethical business practice and improved company performance.
These companies use ethics as a means to further define their
industry leadership and understand that creating an ethical culture
and earning the World's Most Ethical Companies recognition involves
more than just an outward facing message or a handful of senior
executives saying the right thing," said Ethisphere's Chief
Executive Officer, Timothy Erblich.
"Earning this recognition involves the collective action of a
global workforce from the top down. We congratulate everyone at ABB
for this extraordinary achievement."
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%).
The full list of the 2015 World's Most Ethical Companies can be
found at
http://ethisphere.com/worlds-most-ethical/wme-honorees/.
ABB (www.abb.com) is a leader in power and automation
technologies that enable utility, industry, and transport and
infrastructure customers to improve their performance while
lowering environmental impact. The ABB Group of companies operates
in roughly 100 countries and employs about 140,000 people
worldwide.
The research-based Ethisphere Institute is a leading
international think-tank dedicated to the creation, advancement and
sharing of best practices in business ethics, corporate social
responsibility, anti-corruption and sustainability. Ethisphere
Magazine, which publishes the globally recognized World's Most
Ethical Companies Ranking, is the quarterly publication of the
Institute. Ethisphere provides the only third-party verifications
of compliance programs and ethical cultures that include: Ethics
Inside® Certification, Compliance Leader
Verification™ and Anti-Corruption Program Verification. More
information on the Ethisphere Institute, including ranking projects
and membership, can be found at http://www.ethisphere.com.
SOURCE ABB inc.