TE Connectivity named among World’s Most Ethical Companies By Ethisphere Institute
TE Connectivity, a world leader in connectivity and sensors, has again been recognised 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 honoured 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,” said Timothy Erblich, Ethisphere’s Chief Executive Officer. “We know how companies honoured 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.
“Congratulations to everyone at TE for being recognised again as a World’s Most Ethical Company.”
Ethisphere’s World’s Most Ethical Company designation honours companies who recognise 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.
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 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.
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%) and provided to all companies who participate in the process.