Oshkosh Corporation, a manufacturer of specialty vehicles and vehicle bodies, announced that it has been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical businesses, as one of the 2018 World’s Most Ethical Companies.
This is the third consecutive year that Oshkosh Corporation has been listed as a World’s Most Ethical Company, highlighting the Company’s strong ethical culture. Oshkosh is one of only 135 companies, representing 57 industry sectors in 23 countries on five continents named to this respected list.
Focusing on values of citizenship, honesty
We take our ethical culture seriously and focus on core values of citizenship, honesty, accountability, integrity"“Doing the right thing is who we are; it’s the Oshkosh Way and I’m proud of our more than 15,000 team members around the globe for helping us earn this prestigious award. We take our ethical culture very seriously and focus on our core values of citizenship, honesty, accountability, integrity and respect in everything we do,” said Wilson R. Jones, Oshkosh Corporation president and chief executive officer.
“A company that does the right thing benefits everyone – our team members, our customers, our suppliers, our investors and our communities.”
This class of honorees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honorees.
Leads To Greater financial performance
“Global corporations can be one of society’s strongest forces to improve the human condition. This year we saw companies increasingly finding their voice. The World’s Most Ethical Companies, in particular, continued to show exemplary leadership,” explained Ethisphere’s CEO, Timothy Erblich. "I congratulate everyone in the Oshkosh Corporation Family for being recognized as one of the World's Most Ethical Companies."
The 2018 World’s Most Ethical Companies have proven that operating with integrity leads to greater financial performance
Once again, the 2018 World’s Most Ethical Companies have proven that operating with integrity leads to greater financial performance. Research has found that, when indexed, listed World’s Most Ethical Companies outperformed the U.S. Large Cap Index over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.
Quantitative way to assess performance
The World's Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
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