Kennametal has been recognized as one of 2017’s World's Most Ethical Companies by the Ethisphere Institute, an organization which defines the standards of ethical business practices.

This marks the sixth consecutive year that Kennametal has received the distinction, which reportedly honors companies that consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture to underpin their decisions.

‘We are proud to be regarded among the world's most ethical companies for six consecutive years, and will continue to work diligently to conduct business with the utmost integrity,’ said said president and CEO Ron De Feo.

Kennametal's executive team led by De Feo hosts Business Practice Summits in the Americas, EMEA and Asia Pacific regions to reinforce business standards and expectations across the organization and at all levels.

‘Over the last eleven years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate,’ said Ethisphere's CEO, Timothy Erblich. ‘We have also seen how companies honored as the World's Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage.’

This story uses material from Kennametalwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.