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Tata Steel bags 'most ethical company' award

Press Trust of India  |  Jamshedpur 

has been recognized by Ethisphere Institute, a global leader in defining and advancing the standards of ethical practices, as the Worlds Most Ethical Company for the year 2018, a press release has said.

The company has received the award for the sixth time in the Metals, Minerals and Mining category, the release added.

A total of 135 honorees from 23 countries are being recognized in 2018, the release said adding tha the award will be bestowed on March 13.

has been recognized by USA five times earlier, in 2012, 2013, 2015, 2016 and 2017.

T V Narendran, CEO and Managing Director, Tata Steel, said: "Its a privilege for us to be receiving this recognition for the sixth time. It is also a befitting reminder to continue upholding the legacy of leadership with trust that underlines our philosophy."

The Worlds Most Ethical Company assessment is based on the Ethisphere Institutes Ethics Quotient (EQ) framework.

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 program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%), the release added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 14:40 IST