Growth strategies

Lincoln Electric named one of most ethical companies again

Lincoln Electric Holdings has been recognized by the Ethisphere Institute, a global organization with a focus on defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies.

Lincoln Electric has been recognized for the second consecutive year and is the only honoree in the Machine Tools & Accessories industry category, the company says.

“We are honored to receive this recognition,” says Christopher L. Mapes, Lincoln Electric chairman, president and CEO. “Our organization’s guiding principle is the ‘Golden Rule’ and we are proud of our strong culture of integrity, ethics and our commitment to excellence in everything we do.”

This year, 128 honorees, spanning 21 countries and 50 industries, were recognized for illustrating how companies continue to be the driving force for improving communities, building capable and empowered workforces and fostering corporate cultures focused on ethics and a strong sense of purpose.

“Today, employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last,” says Ethisphere CEO Timothy Erblich. “I congratulate everyone at Lincoln Electric for earning this recognition.”

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