Tata Steel, Wipro bag 'World's Most Ethical Companies' award
Tata Steel, Wipro, World's Most Ethical Companies, Ethisphere Institute,
Tata Steel received the coveted recognition for the sixth time
IT services and outsourcing provider Wipro Limited and Indian multinational steel-making company Tata Steel Ltd has bagged the world’s most ethical company for the year 2018
Tata Steel, however, has received the coveted recognition for the sixth time in the ‘metals, minerals and mining’ category.
Honoured by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, recognised the two firms among 135 companies spanning 23 countries and 57 industries as the most ethical companies.
Microsoft, Dell, Salesforce and Adobe are some of the other global tech giants which figured in the 2018 list.
"Over the last 12 years, we have repeatedly seen that those companies who focus on transparency and authenticity are rewarded with the trust of their employees, their customers and their investors," said Ethisphere CEO Timothy Erblich.
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"While negative headlines might grab attention, the companies who support the rule of law and operate with decency and fair play around the globe will always succeed in the long term," Erblich added.
The listed ethical companies outperformed the large cap sector over five years by 10.72 per cent and over three years by 4.88 per cent.
The institute will organise an event in New York on March 13 to felicitate the companies where PepsiCo Chairperson and CEO Indra Nooyi is expected to deliver the keynote address.