March 13, 2017
WALTHAM, MA – National Grid has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2017 World’s Most Ethical Company®.
National Grid has been recognized seven times and is one of only six in the Energy & Utilities industry, underscoring its commitment to leading ethical business standards and practices.
“At National Grid, we’ve established a workplace culture where inclusion is the air we breathe, intolerance in any form is unacceptable, and always doing the right thing is part of our DNA,” said Dean Seavers, President National Grid US. “We’re a hyper-local company – our employees are our customers, and our customers are our neighbors – so it’s a natural foundation for the way we run our business.”
2017 is the 11th year Ethisphere has honored companies that recognize their role in society to influence and drive positive change; consider the impact of their actions on their employees, investors, customers and other key stakeholders; and, use their values and culture as an underpinning to the decisions they make every day.
“Over the last 11 years, we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on ‘long term-ism’ as a sustainable business advantage,” explained Ethisphere’s Chief Executive Officer Timothy Erblich. "Congratulations to everyone at National Grid for being recognized as a World's Most Ethical Company."
What makes a company World’s Most Ethical?
The Ethisphere Institute uses its Ethics Quotient® (EQ) framework to measure each company’s performance in an objective, consistent and standardized way. Scores are generated based on core competencies in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%). Ethisphere then provides companies that participate in the process with their scores.
The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2017 honorees will be released in a series of infographics and research throughout the year (view or download the 2016 insights). Organizations interested in how they compare to the World’s Most Ethical Companies are invited to participate in the Ethics Quotient.
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.)
For more information please visit our website: www.nationalgridus.com, or our Connecting website. You can also follow us on Twitter, watch us on You Tube, Friend us on Facebook and find our photos on Instagram.
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.