Tata Steel & Wipro have been recognized as one of the 2020 World’s Most Ethical Companies by Ethisphere, a global organization in defining and advancing the standards of ethical business practices. In 2020, 132 honourees spanning 21 countries and 51 industries have been recognized.
Surprisingly, this is the ninth time that both the companies, Tata & Wipro have been conferred with this coveted recognition.
Rishad Premji, Chairman, Wipro Limited said,
We are honored to be ranked amongst Ethisphere World’s Most Ethical Companies for the ninth year in succession. At Wipro, ethical and responsible conduct has been an integral part of the way we think and act, since inception. Our values articulated through the Spirit of Wipro and our brand promise, reflect this in full measure. In the world we live in today, a corporation that does not commit itself in letter and spirit to a more sustainable, just and equitable world, will be failing in its primary duty. At Wipro, our attempt has always been to go beyond what is required by compliance and to do the right things both at our workplace and in our communities outside.
While T. V. Narendran, CEO & MD, Tata Steel, said,
We are honored to be once again recognized as one of the World’s Most Ethical Companies. This recognition encourages us to stay committed to the values and operating principles as practiced by the visionary Founder leaders of the Tata Group. The Tata name evokes a sense of Trust, Credibility, and Integrity amongst stakeholders in India and overseas. It is a privilege to be part of the legacy and to build on this equity which has been earned so assiduously through our ethical conduct through the years.
As per, Ethisphere Institute the assessment is based on the analyses of over 200 data points on parameters such as culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. Ethisphere has been recognizing companies for the last 14 years.
The World’s Most Ethical Companies honor is reserved for only those companies that prioritize ethical behavior and understand the correlation between values-based leadership and overall business success. The recognition is a testimony to the company’s unwavering commitment to integrity, fairness, and transparency backed by strong values that have made it a trusted global brand.