United Kingdom, USA and Bangalore, India, 09 Mar 2015
Wipro (NYSE:WIT), a leading global IT, consulting and business process services company, announced today it has been recognised by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as a 2015 World's Most Ethical Company.
The World's Most Ethical Companies designation recognises those organisations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.
Being a fourth consecutive year honouree underscores Wipro's commitment to leading ethical business standards and practices, ensuring long-term value to key stakeholders, including customers, employees, suppliers, regulators and investors. Wipro is one of only three companies in the IT services industry honoured this year.
Speaking about this achievement, Anurag Behar, Chief Sustainability Officer, Wipro, said: "At Wipro, ethics, integrity and responsible citizenship are foundational first principles and at the core of how we think and act. We are happy to be recognised by Ethisphere for the fourth time in succession. We see this as a reaffirmation of what we stand for."
"The World's Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World's Most Ethical Companies recognition involves more than just an outward-facing message or a handful of senior executives saying the right thing," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at Wipro for this extraordinary achievement."
The World's Most Ethical Company assessment is based on the Ethisphere Institute's Ethics Quotient (EQ) framework developed over years of research to provide a means to assess an organisation's performance in an objective, consistent and standardised 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. The EQ framework and methodology is 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 Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance programme (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).
The full list of the 2015 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
Senior executives of honourees contribute high-level insights and best practices to the well-regarded World's Most Ethical Companies Executive Briefing (download volume two here). Additional insights gleaned from the World's Most Ethical Companies will be released in a series of white papers and infographics over the coming months (download the 2014 Insights). Organisations interested in how they compare to the World's Most Ethical Companies are invited to learn more about bench-marking services.
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