Inclusion on the 2024 list by Ethisphere highlights nVent’s commitment to Absolute Integrity.
We are excited to announce that nVent has been recognized as one of the World’s Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. We are proud to have received this global recognition for our ongoing commitment to business integrity through world-class ethics, compliance and governance practices.
At nVent, our strong compliance program, governance and Win Right values, including Absolute Integrity, guide our success. Our Code of Business Conduct and Ethics provides specific guidance for employees’ interactions with all of our stakeholders. At nVent, acting with Absolute Integrity means committing to honest and ethical business practices in dealings with customers, business partners, global communities, investors and each other.
This commitment, reflected in the everyday actions of nVent’s 11,000+ global employees, was recognized by Ethisphere, which honors top performing companies in its rigorous ethics evaluation framework each year.
“I’m thrilled that nVent has been recognized as one of the World’s Most Ethical Companies®. Absolute Integrity is one our core values at nVent,” said nVent Chair and CEO Beth Wozniak. “We know that making ethical choices makes our company stronger and builds trust and transparency. We emphasize to our employees that acting with Absolute Integrity is critical. I’d like to thank all our employees for living our values every day. It is because of our collective efforts that we received this outstanding recognition.”
Being named one of the World’s Most Ethical Companies® is one of several recognitions nVent has received for its Environmental, Social and Governance (ESG) efforts. We recently received our first gold sustainability rating from EcoVadis, an important validation of our continuous improvement approach to ESG. We also were recognized as one of America’s Greenest Companies by Newsweek and named to Fortune Magazine’s Best Workplaces in Manufacturing and Production list.
“It’s always inspiring to recognize the World’s Most Ethical Companies®. Through the rigorous review process, we see the dedication of these organizations to continually improving their ethics, compliance, and governance practices to the benefit of all stakeholders,” said Erica Salmon Byrne, Ethisphere’s Chief Strategy Officer and Executive Chair. “Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow. Congratulations to nVent for achieving this honor and demonstrating that strong ethics is good business.”
The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient®, an extensive questionnaire that requires companies to provide more than 240 different proof points on their culture of ethics; ESG practices; ethics and compliance program; diversity, equity and inclusion; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by Ethisphere’s panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify truly best-in-class ethics and compliance practices from organizations across industries and from around the world.