Tata Steel and Wipro have been named among the world's most ethical companies by the American think tank, Ethisphere Institute, company officials said.
These are the only two Indian companies to have featured in the 2012 list of World's Most Ethical Companies prepared by US-based Ethisphere Institute.
"It is a great honour for Tata Steel to be recognised under such an important and prestigious parameter. Ethical business principles and practices have been the key differentiators of Tata Group and Tata Steel since inception," said HM Nerurkar, managing director, Tata Steel.
Ethisphere’s annual list of the World’s Most Ethical Companies (WME) recognises companies that truly go beyond making statements and conduct business ethically by translating words into action.
The Ethisphere Institute's annual WME Companies list revealed that 145 companies in countries like the US, Great Britain, Japan, Portugal and India stood out for setting high standards of employee behaviour and conduct.
Ethisphere evaluated about 5,000 global companies, including those in Standard & Poor's 500 index, on reputation, corporate citizenship, culture and other qualities.