It was recognised by the Ethisphere Institute, an independent organisation which focuses on best practices in business ethics.
"To be recognized for a third time as one of the world's most ethical companies is an outstanding honour and speaks volumes about the dedicated, talented team we have at Kennametal," commented Kennametal chairman, president and CEO Carlos Cardoso.
Kennametal said it won the award due to its extensive ethics training, employee engagement, training, focus on safety and ethics, and community volunteering.
"The entire community of World's Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it," said Ethisphere's CEO,Timothy Erblich.
