The Timken Co. and Dana have been recognized as two of the World’s Most Ethical Companies.
This marks the 12th time Timken has received the honor from the Ethisphere Institute, which sets the standard for ethical business practices worldwide.
This year, Ethisphere named 135 honorees from 19 countries and 48 industries, with Timken being one of only nine companies in the industrial manufacturing category. Dana is one of only eight honorees across the mobility industry.
“Ethics and integrity are core values at Timken that guide how our global team of associates interact with each other, our partners and our customers,” said Richard G. Kyle, Timken President and CEO. “Being included on this list reflects our associates’ commitment to upholding this value, as well as being a strong corporate citizen, everywhere we operate. We congratulate the other 2023 honorees and are proud to join them on this list.”
The Ethisphere Institute evaluates companies on a range of factors, including company culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain. According to Ethisphere CEO Erica Salmon Byrne, organizations like Timken and Dana that prioritize business integrity not only raise the bar for ethical standards but also enjoy better long-term performance.
“This prestigious recognition celebrates Dana’s unwavering commitment to business integrity and recognizes a people-first culture where we foster exceptional stakeholder relationships through clear values and ethical standards,” said James Kamsickas, Dana chairman and chief executive officer. “Dana is committed to operating the business ‘the right way,’ with best-in-class ethics, compliance, and governance practices, as well as environmental and social impact programs.”
Timken has a long history of success and innovation, with over a century of experience in the industry. The company reported $4.5 billion in sales in 2022 and employs more than 19,000 people across 46 countries. In addition to its recent recognition as one of the World’s Most Ethical Companies, Timken has also been named among America’s Most Responsible Companies by Newsweek, and America’s Best Large Employers, Best Employers for New Graduates, and Best Employers for Women by Forbes.
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