Mumbai: Tata Steel has been recognised as one of the 2020 World’s Most Ethical Companies by Ethisphere, a global organisation in defining and advancing the standards of ethical business practices. This is the ninth time the Company has been conferred this coveted recognition. In 2020, 132 honourees spanning 21 countries and 51 industries have been recognised.
T. V. Narendran, CEO & MD, Tata Steel, said: “We are honoured to be once again recognised as one of the World’s Most Ethical Companies. This recognition encourages us to stay committed to the values and operating principles as practised by the visionary Founder leaders of the Tata Group. The Tata name evokes a sense of Trust, Credibility, and Integrity amongst stakeholders in India and overseas. It is a privilege to be part of the legacy and to build on this equity which has been earned so assiduously through our ethical conduct through the years.”
“Congratulations to everyone at Tata Steel for earning this recognition,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good.”
The companies earning the World’s Most Ethical Companies distinction in 2020 will be honoured at Ethisphere’s World’s Most Ethical Companies Honouree Gala Dinner in New York City on March 31, 2020.
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 and measure and improve culture. Ethisphere honours superior achievement through its World’s Most Ethical Companies recognition programme and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honourees will be released in a report and webcast in March and April of this year.
All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programmes stand against the demanding standards of leading companies.
The full list of the 2020 World’s Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.