Recognition highlights company's commitment
to business integrity through robust ethics, compliance and
governance programs
NORTH
CANTON, Ohio, March 4,
2024 /PRNewswire/ -- The Timken Company (NYSE: TKR;
www.timken.com), a global leader in engineered bearings and
industrial motion products, has received the 2024 World's Most
Ethical Companies® recognition from Ethisphere, a leader in
defining and advancing the standards of ethical business
practices.
"Ethics and integrity are part of our core values and guide our
employees' actions every day," said Richard G. Kyle, Timken
president and chief executive officer. "Being recognized once again
as one of the World's Most Ethical Companies reinforces our
commitment to leading by example as a global corporate citizen.
Congratulations to our team and all the other outstanding companies
on this year's list, which includes many of our partners and
customers."
This year, Ethisphere recognized 136 companies from 20 countries
and 44 industries. Timken is one of only 36 companies to appear on
the annual list 13 or more times. It's also among only 10 honorees
this year from the industrial manufacturing sector.
Ethisphere's annual assessment is grounded in its proprietary
questionnaire that requires companies to provide over 240 different
proof points on their culture of ethics; environmental, social and
governance practices; ethics and compliance program; diversity,
equity and inclusion; and initiatives that support a strong value
chain.
"It's always inspiring to recognize the World's Most Ethical
Companies, and seeing a company honored for the 13th
time is particularly impressive," said Erica Salmon Byrne, Ethisphere's chief strategy
officer and executive chair. "Congratulations to Timken for its
dedication to continually improving its ethics, compliance and
governance practices to the benefit of all stakeholders. Companies
that elevate best-in-class cultures of ethics and integrity set a
standard for corporate citizenship for their peers and competitors
to follow."
About The Timken Company
The Timken
Company (NYSE: TKR; www.timken.com) designs a
growing portfolio of engineered bearings and industrial motion
products. With more than a century of knowledge and innovation, we
continuously improve the reliability and efficiency of global
machinery and equipment to move the world forward. Timken
posted $4.8 billion in sales in 2023 and employs more
than 19,000 people globally, operating from 45 countries. Timken
has been recognized among America's Most Responsible
Companies and America's Greatest Workplaces for
Diversity by Newsweek, the World's Most Ethical
Companies® by Ethisphere and America's Most Innovative
Companies by Fortune.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
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SOURCE The Timken Company