Danfoss, a global leader in supplying components, controls, compressors and systems for air conditioning and refrigeration, has received global recognition for the second time this year, receiving the nod as one of Ethisphere Magazine’s 2007 World’s Most Ethical Companies.
The 2007 World’s Most Ethical Companies ranking is conducted by the Ethisphere Council, which examined 5,000 companies in 30 different industries across the globe. The council includes general counsels and compliance, ethics, legal and finance professionals committed to excellent corporate governance.
Council members interviewed corporate executive officers in a variety of industries, including industrial manufacturing, in which Danfoss was recognized. The interviews comprised an eight-step information gathering process that covered topics such as Litigation and Controversy/Conflict, Innovation and Industry Leadership, Corporate Citizenship and Governance and Transparency.
Once the council collected the information, companies were scored relative to their industry peers on nine separate criteria to determine their true ethical leadership. Danfoss shares this distinction with other very high-profile global companies in other industries, including NIKE, Toyota and Dole Foods.
“Danfoss is honored to again be recognized as a company that truly represents what it means to be an ethical leader in our industry and in the world,” said John Galyen, president of Danfoss Refrigeration & Air-Conditioning, North America.
Earlier this year, Danfoss was named number 12 of 200 companies with the best corporate reputations in the world by the Reputation Institute’s 2007 RepTrak™ Pulse.
To learn more about Ethisphere Magazine’s 2007 World’s Most Ethical Companies ranking and methodology, visit www.ethisphere.com/methodology.