Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been recognized by the Ethisphere Institute®, the global leader in defining and advancing the standards of ethical business practices, as a World's Most Ethical Company ®.
The Ethisphere® Institute, a global leader in defining and advancing the standards of ethical business practices, has announced the 135 companies spanning 23 countries across 57 industries who have been named to the 2018 World’s Most Ethical Companies® list.
The World's Most Ethical Companies designation recognizes organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company. It emphasizes Wipro’s commitment to value led leadership.
Being a 7th consecutive year honoree underscores Wipro's commitment to leading ethical business standards and practices that also ensure long-term value to key stakeholders including customers, employees, suppliers, regulators and investors.
Abidali Z. Neemuchwala, Chief Executive Officer and Executive Director, Wipro Limited, said, “It is an honor to be recognized as a 2018 World’s Most Ethical Company by the Ethisphere Institute for the 7th successive year. Unflinching commitment to values is the bedrock of our philosophy of doing business. Our values --The Spirit of Wipro -- is at our core and is our moral compass. Businesses are sustainable only if built on a foundation of ethics and responsibility.”
About Ethisphere
Since 2007, Ethisphere has honored those
companies who recognize their critical role to influence and drive
positive change in the business community and societies around the world
and work to maximize their impact wherever possible. Values-based
leadership, diversity and inclusion, investment and long-term
commitment, and constructive use of a company’s voice are now the
hallmarks of what stakeholders are expecting and investors are rewarding.
Methodology
The World’s Most Ethical Companies assessment is
based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework,
which offers a quantitative way to assess a company’s performance in an
objective, consistent and standardized manner. The information collected
provides a comprehensive sampling of definitive criteria of core
competencies rather than all aspects of corporate governance, risk,
sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent), and leadership, innovation and reputation (10 percent).
Honorees
The list of 2018 World’s Most Ethical Companies can
be found at http://www.worldsmostethicalcompanies.com/honorees/
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685,
NSE: WIPRO) is a leading global information technology, consulting and
business process services company. We harness the power of cognitive
computing, hyper-automation, robotics, cloud, analytics and emerging
technologies to help our clients adapt to the digital world and make
them successful. A company recognized globally for its comprehensive
portfolio of services, strong commitment to sustainability and good
corporate citizenship, we have over 160,000 dedicated employees serving
clients across six continents. Together, we discover ideas and connect
the dots to build a better and a bold new future.
Forward-looking and Cautionary Statements
Certain statements
in this release concerning our future growth prospects are
forward-looking statements, which involve a number of risks, and
uncertainties that could cause actual results to differ materially from
those in such forward-looking statements. The risks and uncertainties
relating to these statements include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, intense competition
in IT services, our ability to maintain our cost advantage, wage
increases in India, our ability to attract and retain highly skilled
professionals, time and cost overruns on fixed-price, fixed-time frame
contracts, client concentration, restrictions on immigration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political instability,
war, legal restrictions on raising capital or acquiring companies
outside India, unauthorized use of our intellectual property, and
general economic conditions affecting our business and industry.
Additional risks that could affect our future operating results are more
fully described in our filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov.
We may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company’s filings with the Securities and Exchange Commission and our
reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us or on
our behalf.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180215006543/en/
Contacts:
Shraboni Banerjee
Shraboni.banerjee@wipro.com