Ethisphere Names Premier Farnell one of World's Most Ethical Companies 2013
Company recognised for third year running for demonstrating leadership in ethical business practices
LondonMarch 7, 2013 – Premier Farnell plc (LSE:pfl), the leading high service distributor of electronic components, 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 organization 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 behavior. 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 behavior 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.
View the complete list of the 2013 World's Most Ethical Companies at http://ethisphere.com/wme.
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About Premier Farnell
Premier Farnell plc (LSE:pfl) is a global leader in high service distribution of technology products and solutions for electronic system design, maintenance and repair. Its differentiated proposition includes 29 local language transactional websites, and the critically important element14 Community for design engineers – an industry first ( www.element14.com). With sales last year of £973.1m and underlying profits of £104.6m the Group distributes its comprehensive portfolio of products and services throughout Europe, North America and Asia Pacific, supported by a global supply chain of over 3,500 suppliers and an inventory profile developed to anticipate and meet its customers' needs.
While global in scope, Premier Farnell recognises the individual needs of each market and has continued to internationalise its model accordingly. It trades locally as Farnell in Europe, Newark/element14 in North America and Mexico and Farnell Newark in Brazil. Across Asia Pacific the business trades as element14.
For news updates from Premier Farnell and element14 visit:
Premier Farnell News Centre – www.premierfarnell.com/media-centre
Twitter -@element14news; @element14
YouTube –element14
Facebook –/element14page
Email:pressoffice@premierfarnell.com
Global Contact:
Ken Leitch
Global Head of PR
Premier Farnell plc
Tel: +44 (0) 20 7851 4145
E-mail: KLeitch@premierfarnell.com
Europe Contact:
Jen Cooke
European PR Manager
Tel: +44 (0) 113 3484904
E-mail: jcooke@premierfarnell.com
APAC Contact:
Christina Loh
Communications APAC
Tel: +65 6671 8769
E-mail: cloh@element14.com
Americas Contact:
Janice Fleisher
Communications Americas
Tel: +001 (1) 773 907 5941
Email: jfleisher@newark.com
About Ethisphere Institute:
The research-based Ethisphere® Institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Ethisphere Magazine, which publishes the globally recognized World's Most Ethical Companies Ranking™, is the quarterly publication of the Institute. Ethisphere provides the only third-party verifications of compliance programs and ethical cultures that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification. More information on the Ethisphere Institute, including ranking projects and membership, can be found at http://www.ethisphere.com.
Media contact:
Aubrie Artiano
Managing Editor
Ethisphere