Kennametal says that it concentrates on performing toward 100% safety, environmental excellence and community engagement, besides advance technical education, material science and industrial technologies.
“To again be recognized as one of the world’s most ethical companies is a great honour and tribute to Kennametal people everywhere,” said Carlos Cardoso, Kennametal chairman, president and CEO. “Not only are we committed to be our best as corporate citizens; we are compelled to improve our performance continuously.”
In the past year Kennametal says it has focused on:
- Employee engagement, achieved at levels exceeding peer comparisons
- Talent development, delivering technical training and professional development in record numbers to Kennametal employees, customers and supply chain partners worldwide
- Safety, including two consecutive months with zero injuries requiring days away or restricted time (DART), key milestones toward the aim of keeping all employees and visitors 100% safe, 100% of the time
- Community stewardship, including employee volunteerism and fundraising, from participation and support for the United Way in North America, to educational programmes and service to community organizations worldwide
- Environmental performance, including ISO 14001 certifications, waste reduction, recycling and management programs across the company’s supply chain worldwide
- Information technology, including execution of standardized enterprise resource systems and processes and
- Innovation, including exceeding 40% of sales realized from new products, which offer at least 20% performance improvement.
According to Alex Brigham, executive director of Ethisphere, more companies applied for the World's Most Ethical Companies recognition this year than any year in the past. In his view, this demonstrates that ethical activity is an important part of many of these companies' business models. Brigham says companies are also becoming more proactive and creating new initiatives that expand ethics programmes and cultures across entire industries, such as industry-based ethics associations and other activities. Find us on Google? Click here to access news directly – via our weekly enewsletter!
