TE Connectivity (NYSE:TEL) saw its shares jump Tuesday, as the world leader in connectors and sensor announced it has been named as one of the 2022 World’s Most Ethical Companies by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
TE has earned the recognition eight years in a row, ranking this year among 136 honorees, spanning 22 countries and 45 industries.
“As we work toward of purpose of creating a safer, sustainable, productive and connected future, it is critical that we achieve success in a way that aligns with our core values of integrity, accountability, teamwork and innovation,” said TE CEO Terrence Curtin.
“Our ethical practices are something we take great pride in and also something we see as a competitive advantage. It’s important to us that our customers, partners, owners and employees trust that we will operate ethically and in alignment with our values.”
TE offers a variety of resources to ensure employees understand the company’s values, including Ethical Connections, a tool that enables managers to facilitate discussions about ethical dilemmas with their teams, as well as annual ethics training for all employees.
“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community. Congratulations to TE Connectivity for earning the World’s Most Ethical Companies designation.”
TEL shares advanced $1.32, or 1%, to $127.74.