Awarding organization Ethisphere says
companies committed to business integrity elevate standards, have
better long-term performance
NORTH
CANTON, Ohio, March 13,
2023 /PRNewswire/ -- The Timken Company (NYSE: TKR;
www.timken.com), a world leader in engineered bearings and
industrial motion products, has been recognized as one of the
World's Most Ethical Companies® for the 12th
time. Ethisphere Institute – a global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success – today
announced that Timken is among its class of 2023 honorees.
"Ethics and integrity is a core value at Timken that guides how
our global team of associates interact with each other, our
partners and our customers," said Richard G. Kyle, Timken
president and chief executive officer. "Being included on this list
reflects our associates' commitment to upholding this value, as
well as being a strong corporate citizen, everywhere we operate. We
congratulate the other 2023 honorees and are proud to join them on
this list."
Ethisphere named 135 honorees from 19 countries and 48
industries on its 2023 list. Timken is one of nine companies listed
in the industrial manufacturing category.
In compiling its list of honorees, Ethisphere assesses company
culture, environmental and social practices, ethics and compliance
activities, governance, diversity and initiatives that support a
strong value chain.
"Ethics matters. Organizations like Timken that commit to
business integrity through robust programs and practices not only
elevate standards and expectations for all, but also have better
long-term performance," said Ethisphere CEO, Erica Salmon Byrne. "By making this list for an
impressive 12th time, Timken has demonstrated its
ongoing dedication to making real impact for its stakeholders and
its commitment to exemplary values-based leadership."
About The Timken Company
The Timken
Company (NYSE: TKR; www.timken.com) designs a
growing portfolio of engineered bearings and industrial motion
products. With more than a century of knowledge and innovation, we
continuously improve the reliability and efficiency of global
machinery and equipment to move the world forward. Timken
posted $4.5 billion in sales in 2022
and employs more than 19,000 people globally, operating from 46
countries. Timken has been recognized among America's Most
Responsible Companies by Newsweek, the World's Most Ethical
Companies® by Ethisphere, and America's Best Large
Employers, Best Employers for New Graduates and Best Employers
for Women by Forbes.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
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SOURCE The Timken Company