Premier Farnell plc (LSE:pfl), the leading high service distributor of electronic components, has been recognized for the fourth year in a row as one of the World’s Most Ethical Companies by The Ethisphere Institute.
The leading international organization dedicated to the creation, advancement and sharing of best practices in business ethics, governance, anti-corruption and sustainability, The Ethisphere Institute, announced its eighth annual selection of the World’s Most Ethical ("WME") Companies, a recognition that highlights companies that outperform industry peers when it comes to ethical behavior. The 2014 WME companies are those that truly embrace ethical business practice and demonstrate industry leadership, forcing peers to follow suit or fall behind.
Steven Webb, Company Secretary at Premier Farnell, said: “We are pleased to have been named one of the World’s Most Ethical Companies for the fourth year running. We have a number of initiatives which mean we are leaders in the areas of ethics, Governance and citizenship. As part of their induction which details our Core Values, our code of conduct is introduced to all new starters. These include keeping customers and suppliers at the heart of everything we do, working together, being innovative, developing our people, and integrity and trust. These values underpin all our business activity and are continually integrated into regular communications to all employees.”
“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Premier Farnell joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Premier Farnell for this extraordinary achievement.”
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent and standardized way.
The full list of the 2014 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.