Southwire Receives 2024 World’s Most Ethical Companies Recognition by Ethisphere
Southwire, a global leader in the electrical industry, is proud to announce that it has been awarded the prestigious 2024 World’s Most Ethical Companies recognition by Ethisphere. Ethisphere, known for its expertise in defining and advancing ethical business practices, honored 136 organizations from 20 countries and 44 industries this year.
The World’s Most Ethical Companies recognition program was created by Ethisphere to highlight and celebrate organizations that prioritize ethics and integrity in their operations. To determine the honorees, Ethisphere conducts a thorough assessment, including a 243-point evaluation, documentation review, and research into an organization’s reputation and ethical practices. This process enables organizations to benchmark their own programs against leading industry practices.
Southwire’s President and CEO, Rich Stinson, expressed his gratitude and excitement for receiving this recognition. He stated, “We are honored to be recognized by Ethisphere as one of the World’s Most Ethical Companies for the first time. As Southwire navigates through a changing and increasingly competitive industry, we remain committed to being an employer of choice and doing what is right for all stakeholders.”
Integrity lies at the heart of Southwire’s values, and the company is dedicated to upholding its legacy of honesty and respect. This commitment is evident in every aspect of Southwire’s operations, from its effective leadership model to its sustainable sourcing practices. Southwire’s executive vice president, Burt Fealing, emphasized the importance of this milestone, stating, “Southwire strives to create a work environment where every employee feels valued, respected, and empowered. Being recognized by Ethisphere as one of the World’s Most Ethical Companies for 2024 is a testament to our ongoing commitment to Doing Right, a core tenet of our sustainability efforts.”
The assessment process conducted by Ethisphere involves a thorough analysis of the data submitted by each organization. Ethisphere’s panel of experts meticulously evaluates and vets the applications, dedicating thousands of hours to ensure the highest standards are met. This process serves as a framework to identify and codify exemplary ethics and compliance practices from organizations worldwide.
Erica Salmon Byrne, Ethisphere’s Chief Strategy Officer and Executive Chair, commended the honorees, stating, “It’s always inspiring to recognize the World’s Most Ethical Companies. Through the rigorous review process, we witness the unwavering dedication of these organizations to continuously improve their ethics, compliance, and governance practices. Their commitment benefits all stakeholders involved.” Byrne further added, “Southwire’s achievement is commendable, and it sets a powerful example for its peers and competitors. Demonstrating that strong ethics is good business, Southwire has truly earned this prestigious honor.”
About Southwire:
Southwire is a leading manufacturer and innovator in the electrical industry. With over 70 years of experience, Southwire provides advanced wire and cable solutions, serving various industries including energy, construction, and telecommunications. The company is committed to sustainability, innovation, and ethical practices, driving its mission to power and connect the world with integrity.
Analyst comment
Positive news. Southwire’s recognition as one of the World’s Most Ethical Companies reinforces its position as an industry leader and sets an example for its peers. With a commitment to integrity and ethical practices, Southwire is primed to inspire positive change and maintain its market position.
