Grounded in Ethisphere’s proprietary Ethics Quotient®, the award assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain.
Lincoln Electric is the only honouree in the Machine Tools and Accessories industry. In 2021, 135 honourees were recognised spanning 22 countries and 47 industries.
Commenting on the award, Christopher Mapes, Lincoln Electric’s Chairman, President and CEO, said, “We are proud to operate by a higher standard with a longstanding commitment to integrity and ethics in all that we do.”
“Our guiding principle is The Golden Rule and it has shaped our business and the trust we have earned from all of our stakeholders. We are honoured that our team’s unwavering perseverance and commitment to our values was recognised by Ethisphere again this year.”
Timothy Erblich, Ethisphere CEO, added, “While addressing the tough challenges of 2020, we saw companies lead – above all other institutions – on earning the trust of stakeholders through resilience and a commitment to ethics and integrity.”
“The World’s Most Ethical Companies honourees continue to demonstrate an unwavering commitment to the highest values and positively impacting the communities they serve. Congratulations to everyone at Lincoln Electric for earning the World’s Most Ethical Companies designation.”