Wipro Named as a 2016 World’s Most Ethical Company by the Ethisphere Institute for the 5th Successive Year
March 10 2016 - 7:30AM
Business Wire
Program celebrates ten years of measuring
corporate integrity and recognizing those that excel
Wipro Limited (NYSE:WIT), a leading global information
technology, consulting and business process services company, today
announced that it has been recognized by the Ethisphere Institute,
the global leader in defining and advancing the standards of
ethical business practices, as a 2016 World's Most Ethical
Company®.
In 2016, 131 companies spanning 21 countries have made it to
the 2016 World’s Most Ethical Companies® list, marking
the tenth anniversary of the designation.
The World's Most Ethical Companies designation recognizes
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. It emphasizes Wipro’s commitment to
ethical leadership.
Being a fifth consecutive year honoree underscores Wipro's
commitment to leading ethical business standards and practices that
also ensure long-term value to key stakeholders including
customers, employees, suppliers, regulators and investors. Wipro is
one of only three companies in the global Information Technology
Services industry honored this year.
"Unyielding integrity is one of the three values of Spirit of
Wipro, something that we live by in all our actions, day after day.
Doing business ethically is a matter of first principle for us. We
are honored to be recognized by Ethisphere for the fifth time in
succession," said Anurag Behar, Chief Sustainability Officer,
Wipro Ltd, speaking about the recognition.
The World’s Most Ethical Company assessment is based upon the
Ethisphere Institute’s Ethics Quotient™ (EQ) framework
developed over years of research and vetted and refined by the
expert advice from Ethisphere’s World’s Most Ethical
Company Methodology Advisory Panel. The EQ 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 2016 World’s Most Ethical Companies can be
found at
http://worldsmostethicalcompanies.ethisphere.com/honorees/
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.” By combining
digital strategy, customer centric design, advanced analytics and
product engineering approach, Wipro helps its clients create
successful and adaptive businesses. A company recognized globally
for its comprehensive portfolio of services, strong commitment to
sustainability and good corporate citizenship, Wipro has a
dedicated workforce of over 160,000, 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.
Wipro’s 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.
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Wipro LimitedPrathibha Das, +91 80
46728073prathibha.das@wipro.com
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