Premier Farnell has been recognised for the third year in a row as one of the World’s Most Ethical Companies by The Ethisphere Institute.

The leading international organisation dedicated to the creation, advancement and sharing of best practices in business ethics, governance, anti-corruption and sustainability, The Ethisphere Institute, announced its seventh annual selection of the World’s Most Ethical (“WME”) Companies, a recognition that highlights companies that outperform industry peers when it comes to ethical behaviour. The 2013 WME companies are those that truly embrace ethical business practice and demonstrate industry leadership, forcing peers to follow suit or fall behind.

Steven Webb, Company Secretary at Premier Farnell, said: “We are delighted to have been named one of the World’s Most Ethical Companies for the third year running. We have developed a number of initiatives to ensure we lead in the areas of ethics, governance and citizenship. Our code of conduct is introduced to all new starters as part of their induction and this details our Core Values. These include keeping customers and suppliers at the heart of everything we do, working together, being innovative, developing our people, and integrity & trust. These values are consistently integrated into regular communications to all employees and underpin all our business activity.”

“Not only did more companies apply for the World’s Most Ethical Companies recognition this year than any year in the past, which demonstrates that ethical activity is an important part of many of these companies’ business models, but we are also seeing more companies be proactive and create new initiatives that expand ethics programs and cultures across entire industries, such as industry-based ethics associations and other activities,” said Alex Brigham, Executive Director of Ethisphere. “We are excited to see the 2013 World’s Most Ethical Companies take these leadership positions and embrace the correlation between ethical behaviour and improved financial performance.”

The 2013 list is the largest list since the award’s inception in 2007. Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries. The methodology for the World’s Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.

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