Recognition honors those who operate with purpose and incorporate
integrity into their ecosystems.
OSHKOSH, Wis.--(BUSINESS WIRE)--
Oshkosh Corporation (NYSE: OSK), a leading manufacturer of specialty
vehicles and vehicle bodies, announced today 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.
“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.
“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."
Ethics & 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.
Methodology & Scoring
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.
Honorees
The full list of the 2018 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees
Best practices and insights from the 2018 honorees will be released in a
report and webcast in March and April of this year. Sign
up to receive the report.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining
and advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success. Ethisphere
has deep expertise in measuring and defining core ethics standards using
data-driven insights that help companies enhance corporate character.
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 the publication of Ethisphere Magazine.
More information about Ethisphere can be found at: http://ethisphere.com.
About Oshkosh Corporation
Founded in 1917, Oshkosh Corporation is more than 100 years strong and
continues to make a difference in people’s lives. Oshkosh brings
together a unique set of integrated capabilities and diverse end markets
that, when combined with the Company’s MOVE strategy and positive
long-term outlook, illustrate why Oshkosh is a different integrated
global industrial. The Company is a leader in designing, manufacturing
and servicing a broad range of access equipment, commercial, fire &
emergency, military and specialty vehicles and vehicle bodies under the
brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™,
CON-E-CO®, London® and IMT®.
Today, Oshkosh Corporation is a Fortune 500 Company with manufacturing
operations on four continents. Its products are recognized around the
world for quality, durability and innovation, and can be found in more
than 150 countries around the globe. As a different integrated global
industrial, Oshkosh is committed to making a difference for team
members, customers, shareholders, communities and the environment. For
more information, please visit www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are
trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This press release contains statements that the Company believes to be
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact, including, without limitation, statements
regarding the Company’s future financial position, business strategy,
targets, projected sales, costs, earnings, capital expenditures, debt
levels and cash flows, and plans and objectives of management for future
operations, are forward-looking statements. When used in this press
release, words such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the negative
thereof or variations thereon or similar terminology are generally
intended to identify forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to
risks, uncertainties, assumptions and other factors, some of which are
beyond the Company’s control, which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180213006679/en/
Source: Oshkosh Corporation