Eaton Selected for "World's Most Ethical Business" for Seven Consecutive Years
Recently, Eaton, a diversified industrial product manufacturer, has been listed for the seventh consecutive year as the "World's Most Ethical Business List" published by the Ethisphere Institute.
â€œAs a company based on ethical values â€‹â€‹and always adhering to integrity, Eaton is privileged to be recognized by the Ethical Village Association for the seventh year,â€ said Deborah Severs, Eatonâ€™s senior vice president of corporate ethics and regulations, â€œestablished in corporate integrity. "The good reputation has always been one of Eaton's greatest strengths. We use this to attract and retain talented people who are sure of Eaton's future success."
It is reported that researchers and analysts of the Moral Village Association have reviewed the nomination of thousands of companies from 36 industries and 100 countries, and finally confirmed the list of candidates. The assessment indicators mainly cover these aspects: review of ethics, past litigation and record of violations; assessment of investment in innovation and sustainable business practices; consideration of corporate social responsibility efforts; and analysis of senior management, industry peers , suppliers and customers' evaluation. This year's Moral Village Association received record-breaking nominations and applications, so the 2013 list was the longest since the award was set up in 2007.
Alex Brigham, executive director of the American Business Ethics Village Association, said: "The number of companies that applied for the selection this year has exceeded that of previous years, which shows that corporate ethics has become an important part of many business models. At the same time, we have seen more and more companies. Like Eaton, it is actively adopting new initiatives, such as setting up an industry-based business ethics organization or organizing related activities to promote business ethics practices and culture throughout its industry.â€
Over the years, Eaton has gained wide recognition in the field of corporate social responsibility. Recent honors in related areas include:
Awarded "Most Admired Company" by Fortune magazine
Voted "100 Most Innovative Companies in the World" by Thomson Reuters (2011-2012)
Ranked on the NASDAQ Top 50 Global Sustainable Development List
Received the title of "Top 100 Corporate Citizens" awarded by "Corporate Responsibility" magazine for the fifth consecutive year (2007-2012)
Won the "Best Work Company in India" selected by Economic Times of India and Best Employers' Institute (2012)
Eaton is a diversified power management company dedicated to providing energy-efficient solutions that help customers more effectively manage electrical, hydraulic and mechanical power. In 2012, company sales reached 16.3 billion U.S. dollars. Eaton is a global technology leader in many industries, including electrical products; power quality, transmission and distribution and control systems and services; power transmission, lighting and wiring products; hydraulic power components and systems required for industrial equipment and mobile construction machinery And services; fuel, hydraulic, and pneumatic systems for commercial and military aerospace; and power and transmission systems that help trucks and cars improve performance, fuel economy, and safety. Eaton acquired Cooper Industries in 2012. Eaton has about 103,000 employees and its products are sold in more than 175 countries and regions.
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