Hypertherm Repeats Selection As Most Ethical
Their business conduct fosters a culture of ethics and transparency at every level of operation.
Posted: March 15, 2016
Hypertherm Inc. (Hanover, NH), a U.S.-based manufacturer of plasma, laser, and waterjet cutting systems, has announced its selection as a 2016 World’s Most Ethical Company® by the Ethisphere Institute for a second straight year.
The designation recognizes organizations for having a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company. Hypertherm is one of 131 companies from around the world selected to this year’s list, and one of only two companies in the machine tools and accessories sector. Other companies earning the “Most Ethical” designation include Deere and Company, GE, Cisco, and The Nature Conservancy.
“Companies rely on us to continually raise and measure the standards of corporate behavior. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage,” explained Timothy Erblich, the chief executive officer of Ethisphere. “Congratulations to everyone at Hypertherm for being recognized as a World’s Most Ethical Company.”
“This honor underscores our company’s commitment to leading ethical business standards and practices,” said Evan Smith, the company’s chief executive officer and president. “Transparency, honesty, and integrity—long a part of our core values and included in our Code of Ethics—not only define us, but ensure long-term value to our associates, customers, and community.”
The World’s Most Ethical Company assessment is based upon the Institute’s Ethics Quotient™ (EQ) framework developed over years of research to provide a means to assess an organization’s performance in an objective, consistent and standardized 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 their network of thought leaders and from their Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance, corporate citizenship and responsibility, culture of ethics, governance, and finally, leadership, innovation, and reputation. For a complete list of all companies honored this year, please click here.
Subscribe to learn the latest in manufacturing.
