Timken Recognized by Newsweek as One of America's Most Responsible Companies for Fifth Straight Year

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Timken (NYSE: TKR) has been named one of America's Most Responsible Companies by Newsweek and Statista for the fifth consecutive year. The recognition highlights Timken's dedication to corporate social responsibility, including community support, environmental initiatives, and business sustainability.

The selection process involved analyzing key performance indicators of the top 2,000 U.S. public companies and surveying 26,000 U.S. residents. Companies were evaluated on their CSR performance across social, environmental, and governance areas. Timken was among 600 honorees selected across 14 industries, appearing in the capital goods subcategory.

The company, which posted $4.8 billion in sales in 2023 and employs over 19,000 people globally, was also recognized as one of the World's Most Ethical Companies® by Ethisphere for the 13th time earlier this year.

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NORTH CANTON, Ohio, Dec. 4, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com, a global technology leader in engineered bearings and industrial motion, has been recognized by Newsweek and Statista Inc. as one of America's Most Responsible Companies for the fifth year in a row. This honor reflects the company's continued commitment to improve the lives of individuals and communities, benefit the planet and strengthen its business through corporate social responsibility (CSR).

"At Timken, we're dedicated to CSR, reducing emissions and supporting our communities because these are the right things to do," said Tarak Mehta, Timken president and chief executive officer. "At the same time, we're focused on innovating solutions to increase efficiency and sustainability for our customers. This recognition belongs to our employees who make a positive impact every day. We're honored to be included on this list among so many outstanding corporate citizens as we work together to build a more efficient and resilient world."

Newsweek and Statista determined the list by conducting a detailed analysis of key performance indicators for the top 2,000 U.S.-based public companies, by revenue, and a survey of 26,000 U.S. residents. Survey respondents were asked to select companies familiar to them and evaluate their overall CSR performance as well as their performance in the areas of social, environmental and governance. 

Newsweek ultimately selected 600 honorees across 14 industries, with Timken listed in the capital goods subcategory. Earlier this year, Timken was named one of the World's Most Ethical Companies^® by Ethisphere for the 13^th time.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

 

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SOURCE The Timken Company

FAQ

What recognition did Timken (TKR) receive from Newsweek in 2024?

Timken was recognized as one of America's Most Responsible Companies by Newsweek and Statista for the fifth consecutive year in 2024.

How many companies were selected for Newsweek's Most Responsible Companies list?

Newsweek selected 600 honorees across 14 industries from an initial pool of 2,000 U.S.-based public companies.

What was Timken's (TKR) revenue in 2023?

Timken reported sales of $4.8 billion in 2023.

How many employees does Timken (TKR) have globally in 2024?

Timken employs more than 19,000 people globally, operating from 45 countries.