By Kari Williamson

"At Kennametal, ethics and integrity begin with our people and we are honoured to be recognised as one of the world's most ethical companies," says Carlos Cardoso, Kennametal Chairman, President and CEO.

"As a supplier of choice for our customers, and an employer of choice for our employees, ethics is at the core of our Kennametal Value Business System. We believe a sustainable business enterprise recognises the need to stay current with market conditions and stakeholder expectations, while respecting the needs and interests of the communities in which we live and work. This recognition emphasises our commitment to maintaining the reputation and well-being of our company and its employees by making a difference through doing the right thing every day."

Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries.