DAYTON, Ohio, March 16, 2011 /PRNewswire/ -- Teradata Corporation (NYSE: TDC), the world's largest company focused on data warehousing and enterprise analytics, has been named one of the world's most ethical companies for the second straight year by The Ethisphere Institute. The institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.
"This year's honorees have gone above and beyond to prove business ethics are paramount to the success of a company's brand and bottom line. In its fifth year, the World's Most Ethical Companies recognizes organizations that promote ethical business standards and practices by exceeding legal minimums for compliance, introducing innovative ideas that benefit the public and forcing their competitors to follow suit," the institute stated in a press release.
The World's Most Ethical Companies were announced Tuesday in New York at the Global Ethics Summit, with U.S. Chamber of Commerce Chief Operating Officer David Chavern as the keynote speaker. Accepting the World's Most Ethical Companies Honorary Award for Teradata was Todd Carver, chief ethics and compliance officer.
"The Ethisphere Institute recognizes the relationship between corporate performance and corporate behavior," said Mike Koehler, president and chief executive officer of Teradata Corporation. "On behalf of all Teradata associates, we are proud to be named again this year by the Ethisphere Institute as one of the world's most ethical companies."
The evaluation and selection process for Ethisphere's World's Most Ethical Companies is Ethisphere's proprietary rating system, the Ethics Quotient (EQ). The framework of EQ is comprised of a series of multiple choice questions that capture a company's performance in an objective, consistent and standardized way. The EQ framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere's network of thought leaders and from the World's Most Ethical Companies Methodology Advisory Panel.
"Teradata is honored to be recognized as one of the top companies in the world at implementing and promoting ethical business standards," said Carver. "This award recognizes all Teradata associates for their dedication to acting with ethics and integrity at all times in everything connected with our business. We are proud of our associates for having earned this recognition and the reputation of being ethical and trustworthy."
"This award also recognizes Teradata as a leader in introducing innovative products and ideas that help Teradata and its customers meet and enforce compliance standards, as well as implement world-class corporate governance, environmental sustainability, employee inclusion and corporate social responsibility practices," said Carver. "Teradata is gratified that a number of Teradata customers also received recognition as one of the 2011 World's Most Ethical Companies. Teradata congratulates those Teradata customers and all other recipients of this recognition for their leadership and achievements regarding business ethics and integrity."
Relevant news links
- Excellent business performance - Teradata Q4 and Full Year 2010 Earnings
- IT can improve sustainability and a greener planet - Teradata Magazine
- Teradata earns recycling awards for sustainability leadership
- Ethics focus 'adds value to firms' – Business Day story
About Ethisphere Institute
The research-based Ethisphere Institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. The Institute's associated membership groups, the Ethisphere Council and Business Ethics Leadership Alliance, are forums for business ethics that includes over 200 leading corporations, universities and institutions. These groups are dedicated to the development and advancement of members through increased efficiency, innovation, tools, mentoring, advice, and unique career opportunities. More information on the Ethisphere Institute, including ranking projects and membership, can be found at http://www.ethisphere.com.
Teradata is the world's leader in data warehousing and integrated marketing management through its database software, data warehouse appliances, and enterprise analytics. For more information, visit teradata.com.
Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
SOURCE Teradata Corporation