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.
The recognition is based on commitment to leading with integrity and prioritizing ethical business practices. Lincoln was one of only two honorees in the machine tools and accessories industry.
For 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 honoured 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.”
You can view the full list of honorees here.