SCHAFFHAUSEN, Switzerland, March 13, 2017 /PRNewswire/ -- TE Connectivity (TE) (NYSE: TEL), a world leader in connectivity and sensors, has again been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2017 World's Most Ethical Companies®. This is the third consecutive year TE has earned this recognition.
"We are honored to once again be an Ethisphere World's Most Ethical Company," said TE Connectivity Chief Executive Officer Terrence Curtin. "This distinction underscores our commitment to our values and high ethical standards by which we operate. Ensuring compliance in the more than 150 countries in which we do business is not just the minimum for TE -- we owe it to our customers, partners, employees and shareholders to go beyond that by living our values of integrity, accountability, teamwork and innovation and always to do the right thing."
"Over the last 11 years, we have seen the shift in societal expectations, constant refinement of laws and regulations and the changing geopolitical climate. We know how companies honored as a World's Most Ethical respond to these expectations. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage," explained Ethisphere's Chief Executive Officer Timothy Erblich. "Congratulations to everyone at TE for being recognized again as a World's Most Ethical Company."
Ethisphere's World's Most Ethical Company designation honors companies who recognize their role in society to influence and drive positive change, to consider the impact of their actions on their employees, investors, customers and other key stakeholders and to use their values and culture as an underpinning of the decisions they make every day.
Methodology & Scoring
The World's Most Ethical Company 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 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 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2017 honorees will be released in a series of infographics and research throughout the year (view or download the 2016 insights). Organizations interested in how they compare to the World's Most Ethical Companies are invited to participate in the Ethics Quotient.
ABOUT TE CONNECTIVITY
TE Connectivity (NYSE: TEL) is a $12 billion global technology leader. Our commitment to innovation enables advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. TE's unmatched breadth of connectivity and sensor solutions, proven in the harshest of environments, helps build a safer, greener, smarter and more connected world. With 75,000 people – including more than 7,000 engineers – working alongside customers in nearly 150 countries, we help ensure that EVERY CONNECTION COUNTS – www.TE.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. More information about Ethisphere can be found at: http://ethisphere.com.
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SOURCE TE Connectivity