Texas Instruments recognized as one of the "World's Most Ethical Companies"
DALLAS, March 16, 2012 /PRNewswire/ -- Texas Instruments (TI) Incorporated has once again been named one of the world's most ethical companies by the Ethisphere Institute. This is the sixth year in a row TI has secured a spot on the list.
"Ethical behavior and decisions are about how we expect one another to behave in this world -- about being competitive and accountable and making sure our values are at the heart of the culture we want to have. This culture has served TI well for more than 80 years and has the ability to be the longest term competitive advantage we have. It's the way we do business," said Rich Templeton, TI Chairman, President and CEO. "TI is just as good as all of us behave as individuals."
This is the sixth year Ethisphere has published the "World's Most Ethical Companies" (WME) rankings. The Ethisphere Institute reviewed hundreds of companies and evaluated a record number of applications utilizing its propriety methodology through in-depth research and multi-step analysis, naming the companies that surpassed their industry peers to this year's list. The 2012 WME list features companies in more than three dozen industries, including 40 companies headquartered outside the United States. The WME rankings will appear in Ethisphere Magazine's first-quarter issue.
"We take ethical leadership and corporate citizenship seriously at TI, and we're honored to be included again on this year's list," said David Reid, TI Vice President and Director of Ethics. "TI understands that ethical practices not only support a stronger and more solid business overall, but they benefit the community and raise the bar for ethics and integrity within the industry."
TI provides a detailed annual report of its ethics and citizenship at www.ti.com/csr TI's 2011 report is due to be made public in May. The comprehensive report is used by a variety of stakeholders to understand TI's social and environmental performance, as well as associated risks and opportunities. TI provides updates on its citizenship activities year-round at www.ti.com/citizenship and includes a printable brochure on "The Values and Ethics of TI" on this website.
The methodology for the WME ranking includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; assessing activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.
Read about the methodology and view the complete list of the 2012 World's Most Ethical Companies at http://www.ethisphere.com/wme.
About Texas Instruments (TXN)
Texas Instruments semiconductor innovations help 80,000 customers unlock the possibilities of the world as it could be smarter, safer, greener, healthier and more fun. Our commitment to building a better future is ingrained in everything we do from the responsible manufacturing of our semiconductors, to caring for our employees, to giving back inside our communities. This is just the beginning of our story. Learn more at www.ti.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". The Institute's premier membership group, the Business Ethics Leadership Alliance", is a business ethics forum that includes more than 100 leading corporations, universities and institutions that collectively leverage their experience, expertise and innovative ways to address emerging compliance challenges. More information on the Ethisphere Institute, including ranking projects and membership, can be found at http://www.ethisphere.com
SOURCE Texas Instruments Incorporated