Wipro Named as a 2018 World’s Most Ethical Company by the Ethisphere Institute® for the 7th Successive Year
February 16 2018 - 2:26AM
Business Wire
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), 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 World's
Most Ethical Company ®.
The Ethisphere® Institute, a global leader in defining and
advancing the standards of ethical business practices, has
announced the 135 companies spanning 23 countries across 57
industries who have been named to the 2018 World’s Most Ethical
Companies® list.
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
value led leadership.
Being a 7th 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.
Abidali Z. Neemuchwala, Chief Executive Officer and Executive
Director, Wipro Limited, said, “It is an honor to be recognized
as a 2018 World’s Most Ethical Company by the Ethisphere Institute
for the 7th successive year. Unflinching commitment to values is
the bedrock of our philosophy of doing business. Our values --The
Spirit of Wipro -- is at our core and is our moral compass.
Businesses are sustainable only if built on a foundation of ethics
and responsibility.”
About EthisphereSince 2007, Ethisphere has honored those
companies who recognize their critical role to influence and drive
positive change in the business community and societies around the
world and work to maximize their impact wherever possible.
Values-based leadership, diversity and inclusion, investment and
long-term commitment, and constructive use of a company’s voice are
now the hallmarks of what stakeholders are expecting and investors
are rewarding.
MethodologyThe World’s Most Ethical Companies assessment
is based upon the Ethisphere Institute’s Ethics Quotient® (EQ)
framework, which offers a quantitative way to assess a company’s
performance in an objective, consistent and standardized manner.
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 percent), corporate citizenship and
responsibility (20 percent), culture of ethics (20 percent),
governance (15 percent), and leadership, innovation and reputation
(10 percent).
HonoreesThe list of 2018 World’s Most Ethical Companies
can be found at
http://www.worldsmostethicalcompanies.com/honorees/
About Wipro LimitedWipro Limited (NYSE: WIT, BSE: 507685,
NSE: WIPRO) is a leading global information technology, consulting
and business process services company. We harness the power of
cognitive computing, hyper-automation, robotics, cloud, analytics
and emerging technologies to help our clients adapt to the digital
world and make them successful. A company recognized globally for
its comprehensive portfolio of services, strong commitment to
sustainability and good corporate citizenship, we have over 160,000
dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better
and a bold new future.
Forward-looking and Cautionary StatementsCertain
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 LimitedShraboni BanerjeeShraboni.banerjee@wipro.com
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