The Timken Company, a global leader in bearings and mechanical power transmission products, has once again been recognized by the Ethisphere Institute as one of the world's most ethical companies.
"This award is in recognition of our more than 15,000 associates globally who live our core values every day and possess great integrity and respect for each other and the work we do," says Richard G. Kyle, Timken President and CEO.
Timken is one of 135 organizations selected as a 2018 World's Most Ethical Company. The business has been recognized for 8 years and is one of only five companies in the Industrial Manufacturing category to receive this designation, underscoring Timken's commitment to leading ethical business standards and practices.
The Ethisphere Institute advances the global conversation on corporate ethics, responsibility and leadership. It has developed a framework that assesses an organization's performance in five categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).