Hubbell Incorporated Recognized as One of the 2024 World's Most Ethical Companies®

Rhea-AI Summary

Hubbell Incorporated has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere, marking the fourth consecutive year of this achievement. The company's Chairman, President, and CEO expressed gratitude for the honor, emphasizing Hubbell's strong culture of integrity. The recognition highlights the dedication of organizations like Hubbell to continually enhance ethics, compliance, and governance practices for the benefit of all stakeholders. The assessment process involved a rigorous review based on Ethisphere's Ethics Quotient®, evaluating various aspects of ethics, ESG practices, compliance programs, diversity, equity, and inclusion initiatives. Hubbell was among 136 honorees from 20 countries and 44 industries, showcasing its commitment to ethical business practices.

Shelton, CT, March 04, 2024 (GLOBE NEWSWIRE) --       

Hubbell Incorporated Recognized as One of the 2024 World's Most Ethical Companies®
Shelton, CT, March 4, 2024

Hubbell Incorporated (NYSE: HUBB) has been recognized as one of the 2024 World’s Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This is the fourth time Hubbell has achieved this recognition. 

Hubbell’s Chairman, President and Chief Executive Officer, Gerben Bakker stated, “We are honored to have been recognized among the World’s Most Ethical Companies for the fourth consecutive year. Being recognized is a direct reflection of the strong culture of integrity that Hubbell employees globally demonstrate every day.”

“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 Hubbell for achieving this honor and demonstrating that strong ethics is good business.”

In 2024, 136 honorees were recognized spanning 20 countries and 44 industries. 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 our 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.

To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at https://worldsmostethicalcompanies.com/honorees.

About Hubbell

Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2023 revenues of $5.4 billion, Hubbell solutions electrify economies and energize communities. The corporate headquarters is located in Shelton, CT.

Contact:

Dan Innamorato

Hubbell Incorporated

40 Waterview Drive

P.O. Box 1000

Shelton, CT 06484

(475) 882-4000

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, and 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.

FAQ

How many times has Hubbell Incorporated been recognized as one of the World's Most Ethical Companies®?

Hubbell Incorporated has been recognized as one of the World's Most Ethical Companies® by Ethisphere for the fourth consecutive year in 2024.

Who is the Chairman, President, and CEO of Hubbell Incorporated?

Gerben Bakker is the Chairman, President, and CEO of Hubbell Incorporated.

What is the significance of being recognized as one of the World's Most Ethical Companies®?

Being recognized as one of the World's Most Ethical Companies® signifies a strong culture of integrity and commitment to ethics, compliance, and governance practices for the benefit of all stakeholders.

How many honorees were recognized in 2024 for the World's Most Ethical Companies®?

In 2024, 136 honorees were recognized for the World's Most Ethical Companies® spanning 20 countries and 44 industries.

What is the assessment process for the World's Most Ethical Companies® recognition?

The assessment process involves a rigorous review based on Ethisphere's Ethics Quotient®, evaluating aspects of ethics, ESG practices, compliance programs, diversity, equity, and inclusion initiatives.