February 23, 2021
The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, has earned a spot among the World's Most Ethical Companies® for the 11th time. Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, announced Timken and the rest of its 2021 honorees today.
"This recognition reflects the ethical mindset of our 17,000-plus global associates and our ongoing commitment to growing our collective knowledge, advancing our sustainability efforts and promoting leadership inside and outside of our company," said Richard G. Kyle, Timken president and chief executive officer. "We apply our engineering and systems thinking to not only our products and services, but also how we support our communities as a global industrial leader."
This year, 135 honorees from 22 countries and 47 industries earned a spot on the list. Timken is among eight companies honored in the industrial manufacturing category.
To compile the list, Ethisphere assesses a company's culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain.
"Timken continues to earn the trust of stakeholders through its commitment to leading with ethics and integrity," said Ethisphere CEO Timothy Erblich. "Earning the World's Most Ethical Companies designation for a remarkable 11th time underscores Timken's unwavering commitment to the highest values and helping to advance the communities it calls home. Congratulations to everyone at Timken for this incredible accomplishment."
The full list of the 2021 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.