Sherwin-Williams named one of the world's Most Ethical Companies by ETHISPHERE
Sherwin-Williams recognized for demonstrated leadership in ethical business
CLEVELAND, March 6, 2013
CLEVELAND, March 6, 2013 /PRNewswire/ -- The Sherwin-Williams Company (NYSE:
SHW) has been recognized for demonstrated leadership in ethical business
practices by the Ethisphere Institute, a leading international organization
dedicated to the creation, advancement and sharing of best practices in
business ethics, governance, anti-corruption and sustainability.
Ethisphere announced its seventh 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 2013 WME companies are
those that truly embrace ethical business practice and demonstrate industry
leadership, forcing peers to follow suit or fall behind.
"Not only did more companies apply for the World's Most Ethical Companies
recognition this year than any year in the past, which demonstrates that
ethical activity is an important part of many of these companies' business
models, but we are also seeing more companies be proactive and create new
initiatives that expand ethics programs and cultures across entire industries,
such as industry-based ethics associations and other activities," said Alex
Brigham, Executive Director of Ethisphere. "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."
A record number of nominations and applications this year is evidence of both
the World's Most Ethical Companies' growing recognition by various stakeholder
groups and companies' desire to be recognized for their integrity standards
and ethical cultures. The 2013 list is the largest list since the award's
inception in 2007.
Sean Hennessy, Senior Vice-President and CFO of The Sherwin-Williams Company
said, "We are pleased that Ethisphere has recognized the daily commitment our
34,154 associates have towards ethical business practices. This recognition
reaffirms our Culture of Excellence and Guiding Values: Integrity, People,
Service, Quality, Performance, Innovation and Growth.
Through in-depth research and a multi-step analysis, Ethisphere reviewed
nominations from companies in more than 100 countries and 36 industries. The
methodology for the World's Most Ethical Companies includes reviewing codes of
ethics, litigation and regulatory infraction histories; evaluating the
investment in innovation and sustainable business practices; looking at
activities designed to improve corporate citizenship; and studying nominations
from senior executives, industry peers, suppliers and customers.
Read about the methodology and view the complete list of the 2013 World's Most
Ethical Companies athttp://ethisphere.com/wme. The World's Most Ethical
Companies list will also be featured in the 2013 Quarter 1 issue of Ethisphere
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 the 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.
Ethisphere Media contact:
Sherwin-Williams Media contact:
Director, Corporate Communications & Investor Relations
Pager: 216. 422.3751
Founded in 1866, The Sherwin-Williams Company is a global leader in the
manufacture, development, distribution, and sale of coatings and related
products to professional, industrial, commercial, and retail customers.
With 34,154 associates and $9.53 billion in sales, S-W is the USA's #1 paint
and coatings company; #3 in the world.
The company manufactures products under well-known brands such as
Sherwin-Williams®, Dutch Boy®, Krylon®, Minwax®, Thompson's® Water Seal®,
Ronseal™, Becker Acroma™, Sayerlack®, Euronavy®, Altax™ and many more.
With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded
products are sold exclusively through a chain of more than 4,000
company-operated stores and facilities, while the company's other brands are
sold through leading mass merchandisers, home centers, independent paint
dealers, hardware stores, automotive retailers, and industrial distributors.
The Sherwin-Williams Global Finishes Group delivers a wide range of products
to the automotive refinishes, product finishes, and protective and marine
markets in 120 countries around the world. For more information, visit
SOURCE The Sherwin-Williams Company
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