nVent Named One of the World’s Most Ethical Companies®
04 Mars 2024 - 3:00PM
Business Wire
Inclusion on the 2024 list by Ethisphere
highlights nVent’s commitment to Absolute Integrity
nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in
electrical connection and protection solutions, today announced it
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. nVent is proud to have
received this global recognition for its ongoing commitment to
business integrity through world-class ethics, compliance and
governance practices.
nVent’s strong compliance program, governance and Win Right
values, including Absolute Integrity, guide the company’s success.
Its Code of Business Conduct and Ethics provides specific guidance
for employees’ interactions with all its 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. The company recently received
its first gold sustainability rating from EcoVadis, an important
validation of its continuous improvement approach to ESG. nVent
also was 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.”
Methodology & Scoring
The World's Most Ethical Companies assessment is grounded in
Ethisphere's proprietary Ethics Quotient®, an extensive
questionnaire that requires companies to provide over 240 different
proof points on their culture of ethics; environmental, social, and
governance (ESG) practices; ethics and compliance program;
diversity, equity, & 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.
About nVent
nVent is a leading global provider of electrical connection and
protection solutions. We believe our inventive electrical solutions
enable safer systems and ensure a more secure world. We design,
manufacture, market, install and service high performance products
and solutions that connect and protect some of the world's most
sensitive equipment, buildings and critical processes. We offer a
comprehensive range of enclosures, electrical connections and
fastening and thermal management solutions across industry-leading
brands that are recognized globally for quality, reliability and
innovation. Our principal office is in London and our management
office in the United States is in Minneapolis. Our robust portfolio
of leading electrical product brands dates back more than 100 years
and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM and
SCHROFF. Learn more at www.nvent.com.
nVent, CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM and SCHROFF are
trademarks owned or licensed by nVent Services GmbH or its
affiliates.
About Ethisphere
Ethisphere is the global leader in defining and advancing the
standards of ethical business practices that strengthen corporate
brands, build trust in the marketplace, deliver business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies build
strong cultures of ethics and integrity. Ethisphere honors superior
achievement through its World’s Most Ethical Companies® recognition
program, provides a community of industry experts with the Business
Ethics Leadership Alliance (BELA), and showcases trends and best
practices in ethics with Ethisphere Magazine. Ethisphere also
advances business performance through data-driven assessments,
guidance, and benchmarking against its unparalleled data: the
Culture Quotient dataset reflecting the ethical business practices
of 3+ million employees around the world; and the Ethics Quotient
dataset, featuring 240+ data points on the ethics, compliance,
social, and governance practices of the World’s Most Ethical
Companies. For more information, visit https://ethisphere.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240304651253/en/
nVent Media Contact Stacey Wempen Director of External
Communications 763.204.7857 Stacey.Wempen@nVent.com
Ethisphere Media Contact Anne Walker
Anne.Walker@Ethisphere.com
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