Wipro Named as a 2015 World's Most Ethical Company by the Ethisphere Institute for the Fourth Successive Year
March 09 2015 - 9:00AM
Business Wire
Recognition demonstrates Wipro’s commitment to
ethical leadership
Wipro Ltd. (NYSE:WIT), a leading global information technology,
consulting and business process services company, announced today
that it has been recognized by the Ethisphere Institute, the global
leader in defining and advancing the standards of ethical business
practices, as a 2015 World’s Most Ethical Company®.
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.
Being a fourth consecutive year honoree underscores Wipro’s
commitment to leading ethical business standards and practices
ensuring long-term value to key stakeholders including customers,
employees, suppliers, regulators and investors. Wipro is one of
only three companies in the Information Technology Services
industry honored this year.
Speaking about this achievement, Anurag Behar, Chief
Sustainability Officer, Wipro Ltd said, “At Wipro,
ethics, integrity and responsible citizenship are a foundational
first principle and at the core of how we think and act. We are
happy to be recognized by Ethisphere for the fourth time in
succession. We see this as a reaffirmation of what we stand
for.”
“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 Wipro for this extraordinary
achievement.”
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.
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/.
Senior executives of honorees contribute high-level insights and
best practices to the well-regarded World’s Most Ethical Companies
Executive Briefing (download Volume 2 here). Additional insights
gleaned from the World’s Most Ethical Companies will be released in
a series of whitepapers and infographics over the coming months
(download the 2014 Insights). Organizations interested in how they
compare to the World’s Most Ethical Companies are invited to learn
more about benchmarking services.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology,
Consulting and Business Process Services company that delivers
solutions to enable its clients do business better. Wipro delivers
winning business outcomes through its deep industry experience and
a 360 degree view of "Business through Technology" - helping
clients create successful and adaptive businesses. A company
recognized globally for its comprehensive portfolio of services, a
practitioner's approach to delivering innovation, and an
organization wide commitment to sustainability, Wipro has a
workforce of over 150,000, serving clients in 175+ cities across 6
continents. For more information, please visit www.wipro.com.
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 and The World’s Most
Ethical Companies Executive Briefing. Ethisphere is also the
leading provider of independent verification of corporate ethics
and compliance programs. More information about Ethisphere can be
found at: http://ethisphere.com.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth
prospects are forward-looking statements, which involve a number of
risks, and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks
and uncertainties relating to these statements include, but are not
limited to, risks and uncertainties regarding fluctuations in our
earnings, revenue and profits, our ability to generate and manage
growth, intense competition in IT services, our ability to maintain
our cost advantage, wage increases in India, our ability to attract
and retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, our ability to manage our
international operations, reduced demand for technology in our key
focus areas, disruptions in telecommunication networks, our ability
to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the
companies in which we make strategic investments, withdrawal of
fiscal governmental incentives, political instability, war, legal
restrictions on raising capital or acquiring companies outside
India, unauthorized use of our intellectual property, and general
economic conditions affecting our business and industry. Additional
risks that could affect our future operating results are more fully
described in our filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov. We
may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company’s filings with the Securities and Exchange Commission and
our reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us
or on our behalf.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150309005306/en/
Wipro Media Contact:Prathibha Das,
+91-80-39916450Prathibha.das@wipro.comorEthisphere Media
Contact:Clea Nabozny, 480-397-2658Clea.Nabozny@ethisphere.com
Wipro (NYSE:WIT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wipro (NYSE:WIT)
Historical Stock Chart
From Apr 2023 to Apr 2024