CANTON, Ohio, March 19, 2012 /PRNewswire/ --
The Timken Company (NYSE: TKR) has been recognized as one of the
World's Most Ethical Companies for 2012 by the Ethisphere
Institute, an international organization focused on the advancement
of best practices in business ethics.
(Logo:
http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO )
This is the second year Timken has been honored by the
Ethisphere Institute for promoting the highest ethical standards in
business. Even with a record number of nominations for the award,
Timken was named among the 145 most ethical companies globally
through consistent demonstration of integrity in business practices
and initiatives.
"The honor of, once again, receiving this award must be
attributed to our associates around the world who share a strong
commitment to ethics and integrity," said Chairman of the Board
Ward J. "Tim" Timken, Jr. "It's one of our core values as a
company, and our associates' dedication to upholding it is what
makes our success possible. Whether we're interacting with
shareholders, customers, communities or one another, we share a
common understanding that we'll always do the right thing."
Ethisphere's 2012 list of winners features companies in nearly
50 industries. To determine the winners, Ethisphere reviews codes
of conduct, litigation and regulatory infraction histories;
evaluates investment in innovation and sustainable business
practices; examines activities designed to improve corporate
citizenship; and studies nominations from senior executives,
industry peers, suppliers and customers.
"A strong ethical foundation is a competitive advantage, and
Timken recognizes the important role corporate responsibility plays
in improving its bottom line," said Alex Brigham, executive
director of the Ethisphere Institute. "As more and more
organizations strive for this honor each year, The Timken Company's
inclusion as a World's Most Ethical Company for 2012 demonstrates
its industry-leading commitment to ethics and dedication to
integrity."
For more information on Ethisphere's list of 2012 World's Most
Ethical Companies, visit http://www.ethisphere.com/wme.
About the Ethisphere Institute
The research-based Ethisphere® Institute is a leading
international think-tank dedicated to the creation, advancement and
sharing of best practices in business ethics, corporate social
responsibility, anti-corruption and sustainability. Ethisphere
Magazine, which publishes the globally recognized World's Most
Ethical Companies Ranking™, is the quarterly publication of the
Institute. Ethisphere provides the only third-party verifications
of compliance programs and ethical cultures that include: Ethics
Inside® Certification, Compliance Leader Verification™ and
Anti-Corruption Program Verification™. The Institute's premier
membership group, the Business Ethics Leadership Alliance™, is a
business ethics forum that includes more than 100 leading
corporations, universities and institutions that collectively
leverage their experience, expertise and innovative ways to address
emerging compliance challenges. More information on the Ethisphere
Institute, including ranking projects and membership, can be found
at http://www.ethisphere.com.
About The Timken Company
The Timken Company (NYSE: TKR; http://www.timken.com) keeps the
world turning with innovative friction management and power
transmission products and services that help machinery perform more
efficiently and reliably. With sales of $5.2 billion in 2011 and approximately
21,000 people operating from locations in 30 countries, Timken is
Where You Turn® for better performance.
Contacts - Media: Dan Minnich,
Ofc: +1-330-471-7760; dan.minnich@timken.com; Investors:
Steve Tschiegg, Ofc:
+1-330-471-7446. steve.tschiegg@timken.com, The Timken Company.