March 18, 2016
WALTHAM, MASS. – National Grid has been named as a World’s Most Ethical Company for 2016 for a sixth time.
The accolade has been awarded by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, and recognizes organizations which foster a culture of ethics and transparency at every level of the company.
National Grid has received the award five times before for its ethics and compliance program and is one of 130 named this year across 21 countries, 54 industry sectors and five continents.
Cheryl Young, National Grid VP for Group Assurance, said: “This distinction once again shows that we have made great strides in building ethics into our corporate culture. Every year the bar gets raised and we continue to drive our program towards best in class. With strong leadership, we have been able to embed ethics into the fabric of everything we do.”
Ethisphere’s Chief Executive Officer Timothy Erblich said: “Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage. Congratulations to everyone at National Grid for being recognized as a World’s Most Ethical Company.”
The World’s Most Ethical Companies® program honors companies which excel in three areas: promoting ethical business standards and practices internally; enabling managers and employees to make good choices; and, shaping future industry standards by introducing tomorrow’s best practices today. Recognized businesses have also historically outperformed others financially, demonstrating the connection between good ethical practices and performance that’s valued in the marketplace.
About National Grid
National Grid (LSE: NG; NYSE: NGG) is an electricity and natural gas delivery company that connects nearly 7 million customers to vital energy sources through its networks in New York, Massachusetts and Rhode Island. It is the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain.
Through its U.S. Connect21 strategy, National Grid is transforming its electricity and natural gas networks to support the 21st century digital economy with smarter, cleaner, and more resilient energy solutions. Connect21 is vital to our communities' long-term economic and environmental health and aligns with regulatory initiatives in New York (REV: Reforming the Energy Vision) and Massachusetts (Grid Modernization).