Banner
News

Lincoln Electric named One of the 2018 World's Most Ethical Companies

February 13, 2018 -  Lincoln Electric has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2018 World’s Most Ethical Companies.

Lincoln Electric has been recognized as one of only two honorees in the Machine Tools & Accessories industry, underscoring their commitment to leading with integrity and prioritizing ethical business practices.

In 2018, 135 honorees were recognized, spanning 23 countries and 57 industries. The twelfth class of honorees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honorees.

“We are honored to receive this recognition,” said Christopher L. Mapes, chairman, president and CEO of Lincoln Electric. “Lincoln Electric was founded on the ‘Golden Rule’ and leads with integrity as a core value that guides our team, our ‘2020 Vision and Strategy’ and our commitment to excellence in everything we do.”

“While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society’s strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The World’s Most Ethical Companies in particular continued to show exemplary leadership,” explained Ethisphere’s CEO, Timothy Erblich. "I congratulate everyone at Lincoln Electric for being recognized as one of the World's Most Ethical Companies."

Methodology & Scoring

The World's Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner. 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 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.

FFJWEB homepage-AMADA2-1

Ermak 17 18 ffjournal banner

LATEST ISSUE 
FFJ Cover0917 digital

lineclearFEBRUARY 2018

CONVERGENCE

Mobile, 5-axis coordinate measuring machine technology takes starring role in smart production environments.

> READ THIS
MONTH'S ISSUE

ffj consumables 330 new 10 16

ffjournal update on twitter

Instagram - @FFJournal

Banner

TrendPublishing 6 16

Instagram Icon Large twitter facebook linkedin YouTube-social-square-red rss

MM Cover0917 preview FFJ Cover0917 preview mm 0917 brandingcovers2 3 2 Consumables 0917


BPA_WW_MASTER.jpg