The designation of "World's Most Ethical Companies" recognises those organisations who truly go beyond making statements about doing business "ethically". In 2015, there were as many as 132 honorees across 21 countries and five continents representing over 50 industries.
Three Indian companies Wipro , Tata Steel and Tata Power have been named among the World's Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of righteous business practices.
The designation of "World's Most Ethical Companies" recognises those organisations who truly go beyond making statements about doing business "ethically". In 2015, there were as many as 132 honorees across 21 countries and five continents representing over 50 industries.
"Honorees not only promote ethical business standards and practices internally, they exceed legal compliance minimums and shape future industry standards by introducing best practices today," Ethisphere Institute said. Wipro is one of the three IT services companies named in the list this year. The other two firms are Japan's Ricoh Company and US-based Xerox Corporation.
Being featured in the list for the fourth consecutive year underscores Wipro's commitment to leading ethical business standards and practices, ensuring long-term value to key stakeholders, including customers, employees, suppliers, regulators and investors, the IT major said.
Tata Steel is one of the two companies named in the metal industry vertical, the other being US-based Schnitzer Steel Industries. The other Tata Group company Tata Power got featured in the energy and utility (electrical) industry.
The coveted list was dominated by US-based companies as out of the 132 honorees as many as 100 firms were from that country.
Wipro stock price
On March 09, 2015, Wipro closed at Rs 659.75, down Rs 7.9, or 1.18 percent. The 52-week high of the share was Rs 676.50 and the 52-week low was Rs 475.35.
The company's trailing 12-month (TTM) EPS was at Rs 34.04 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 19.38. The latest book value of the company is Rs 118.90 per share. At current value, the price-to-book value of the company is 5.55.
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