Oshkosh Corporation, global manufacturer of specialty vehicles and vehicle bodies, has announced that it has been recognized by the Ethisphere Institute, a globally renowned certification and standards body in defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies. Oshkosh Corporation has been recognized for four consecutive years and is one of only four honorees in the Automotive category.
Fostering corporate cultures
In 2019, 128 honorees were recognized spanning 21 countries and 50 industries. The thirteenth class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces and fostering corporate cultures focused on ethics and a strong sense of purpose.
Being honored to this prestigious list once again underscores our unwavering focus"
“Thanks to the strong ethical commitment from our more than 15,000 team members around the world, we are proud to have earned the title of one of the World’s Most Ethical Companies for the fourth consecutive year,” said Wilson R. Jones, Oshkosh Corporation president and chief executive officer. “Being honored to this prestigious list once again underscores our unwavering focus on doing the right thing in everything that we do.”
Purpose-based strategy
“Today, employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “I congratulate everyone at Oshkosh Corporation for earning this recognition.”
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.
Culture of ethics
Scores are generated in five key categories: ethics and compliance program (35 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership 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.