Diversified industrial manufacturer Eaton Corporation was again recently added to the Ethisphere Institute's World's Most Ethical Companies list.
Ethisphere revealed the list of companies at its "Driving Profit through Ethical Leadership" conference, which was jointly hosted with Forbes Magazine.
In South Africa, MGE Office Protection Systems is an Eaton global electrical brand and a leader in uninterruptible power supply and industrial automation products and services.
"We are proud to be recognised by Ethisphere for the second year for our commitment to ethical awareness and practices," says Alexander M Cutler, Eaton Chairman and CEO. "Eaton is a values-based organisation dedicated to doing business right. Ethical values are fundamental to Eaton and distinguish us as a company."
Researchers and analysts reviewed several thousand companies to select the more than 100 finalists. The research and selection process included reviewing codes of ethics; litigation and regulatory infraction histories; evaluating investment in innovation and sustainable business practices; looking at companies' activities to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers, and customers; and working with consumer action groups for feedback and rating.
"Eaton is among the companies honoured this year because they have developed impressive and meaningful ethical business practices, making them true standouts within their industries," says Alexander Brigham, Executive Director of the Ethisphere Institute. "They go well beyond legal minimums, opting instead to bring about innovative ideas that contribute to the public well-being."
Since being named to Ethisphere's roster of the World's Most Ethical Companies in 2007, Eaton has received widespread recognition for responsible business practices, including:
* Ranking first in its industry sector for "Best Corporate Citizens", according to Corporate Responsibility Officer magazine.
* Receiving "Most Committed Multi-National Award" for Social Responsibility in China, from Foreign Investment in China magazine.
* Ranking second among the "100 Best Corporate Citizens", according to Corporate Responsibility Officer Magazine.
* Being honoured by China WTO Tribune magazine for achievements in providing sustainable products and services in China.
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Eaton's electrical business is a global leader in electrical control, power distribution, uninterruptible power supply and industrial automation products and services. Eaton's global electrical brands, including Cutler-Hammer, MGE Office Protection Systems, Powerware, Holec and MEM, provide customer-driven PowerChain Management solutions to serve the power system needs of the industrial, institutional, government, utility, commercial, residential, IT, mission-critical and OEM markets worldwide.
Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; hydraulics, fuel and pneumatic systems for commercial and military aircraft; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 79 000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.
Ethisphere
The research-based Ethisphere Institute and associated membership group, the Ethisphere Council, are supported by more than 100 institutions and corporations, including Thomson West, the Practising Law Institute, the National Association of Corporate Directors, the Global Reporting Initiative and Corpedia.
The institute is dedicated to the research, creation and sharing of best practices in ethics, compliance and corporate governance among its member companies. It also focuses on the development and advancement of individuals on its membership council through increased efficiency, innovation, tools, mentoring, advice and unique career opportunities. Ethisphere Magazine is the quarterly publication of the institute. More information on membership can be found at http://www.ethisphere.com.
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