Timken Recognized as One of World's Most Ethical Companies
CANTON, Ohio, March 6, 2013
CANTON, Ohio, March 6, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR;
www.timken.com) has earned a position on Ethisphere Institute's World's Most
Ethical Companies list for the third time since 2010. Ethisphere is an
international organization focused on the advancement of best practices in
corporate governance, risk, sustainability, compliance and ethics.
(Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO )
This year's list of nominations, the largest since the award's inception in
2007, included companies in more than 100 countries and 36 industries.
Ethisphere honored Timken among its 145 winners for consistent demonstration
of integrity in business practices and initiatives.
"The business discipline that underpins our century of success also helps
align our 20,000 employees around the core values that we live every day.
Behaving ethically, with honesty, fairness, respect and responsibility, is at
the heart of our corporate culture," said Chairman of the Board Ward J. "Tim"
Timken, Jr. "This honor is a tribute to our employees, who keep our powerful
brand grounded in trust."
To determine the winners, Ethisphere uses in-depth research and a multi-step
analysis of companies' business practices that includes reviewing codes of
ethics, litigation and regulatory infraction histories; evaluating investment
in innovation and sustainable business practices; examining activities
designed to improve corporate citizenship; and studying nominations from
senior executives, industry peers, suppliers and customers.
"Ethical activity is an important part of many companies' business models,"
said Alex Brigham, Executive Director of Ethisphere. "We are seeing more
companies be proactive and create new initiatives that expand ethics programs
and cultures across entire industries. We are excited to see the 2013 World's
Most Ethical Companies take these leadership positions, and embrace the
correlation between ethical behavior and improved financial performance."
For more information on Ethisphere's list of 2013 World's Most Ethical
Companies, visit http://ethisphere.com/wme.
About Ethisphere Institute
The research-based Ethisphere^® Institute is a leading international
think-tank dedicated to the creation, advancement and sharing of best
practices in business ethics, corporate social responsibility, anti-corruption
and sustainability. Ethisphere Magazine, which publishes the globally
recognized World's Most Ethical Companies Ranking™, is the quarterly
publication of the Institute. Ethisphere provides only third-party
verifications of compliance programs and ethical cultures that include: Ethics
Inside^® Certification, Compliance Leader Verification™ and Anti-Corruption
Program Verification. More information on the Ethisphere Institute, including
ranking projects and membership, can be found at http://www.ethisphere.com.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global industrial technology
leader, applies its deep knowledge of materials, friction management and power
transmission to improve the reliability and efficiency of industrial machinery
and equipment all around the world. The company engineers, manufactures and
markets mechanical components and high-performance steel. Timken^® bearings,
engineered steel bars and tubes—as well as transmissions, gearboxes, chain,
related products and services—support diversified markets worldwide. With
sales of $5.0 billion in 2012 and approximately 20,000 people operating from
30 countries, Timken makes the world more productive and keeps industry in
Media Contact: Dan Minnich Investor Contact: Steve Tschiegg
Communications Manager Director – Capital Markets & Investor Relations
1835 Dueber Avenue, S.W. 1835 Dueber Avenue, S.W.
Canton, OH 44706-0927 U.S.A. Canton, OH 44706-0927 U.S.A.
Telephone: (330)471-7760 Telephone: (330)471-7446
SOURCE The Timken Company
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