Companies that commit to higher standards of business integrity perform better over the long term, according to the Ethical Village Institute
For the 12th time, Timken, a global leader in engineered bearings and industrial transmission products, has been named to the list of the World’s Most Ethical Companies to Do Business With. The Ethisphere Institute announced Timken as one of the 2023 winners on March 13, 2013. The Institute is a global leader in developing and promoting standards for ethical business practices that help companies build their image and gain market trust and business success.
Ethics and integrity are core values at Timken, guiding how our global teams interact with each other, our partners and our customers. Being named to this year’s list is a strong indication that our employees are committed to upholding this value and striving to be good corporate citizens around the world. We also congratulate the other 2023 winners, and it is an honor to join them on this list.
–Timken President and Chief Executive Officer
Richard G. Kyle
A total of 135 companies from 19 countries and 48 industries were named to the Ethical Village Association’s list this year. The Timken Company was one of nine companies on the list in the Industrial Manufacturing category.
n compiling the list, the Ethical Village Association evaluated companies from a variety of perspectives, including corporate culture, environmental and social practices, ethics and compliance activities, corporate governance, diversity, and initiatives that support a strong value chain.
“Ethics is very important. Companies on the list, such as The Timken Company, are committed to advancing business integrity through robust programs and practices that not only raise the standards and expectations of the industry as a whole, but also improve their own long-term performance. The fact that The Timken Company is on the list for the 12th time this year speaks volumes about the company’s ongoing commitment to making a real impact and contribution to its stakeholders, as well as setting an example of values-based leadership.”
— Chief Executive Officer, Ethical Village Association
Erica Salmon Byrne