OREANDA-NEWS. March 19, 2012. Tata Steel has been named among the world’s most  ethical companies by an American think tank, Ethisphere Institute. The steel  major is the one of the only two Indian companies that has featured in the 2012  list of ‘World’s Most Ethical Companies’ -- the other being Wipro -- prepared  by US-based Ethisphere Institute.

Ethisphere’s  annual list of the World’s Most Ethical Companies (WME) recognises companies  that truly go beyond making statements and conduct business ethically by  translating words into actions. WME honourees demonstrate real and sustained  ethical leadership within their industries, putting into practice Ethisphere’s  credo of “Good. Smart. Business. Profit”.

Mr HM  Nerurkar, Managing Director, Tata Steel said: “It is a great honour for Tata  Steel to be recognised under such an important and prestigious parameter. Ethical business  principles and practices have been the key differentiators of Tata Group and  Tata Steel since inception”.

The Ethisphere  Institute's annual WME Companies list, released on Thursday, revealed that 145  companies in countries including United States, Great Britain, Japan, Portugal  and India stood out for setting high standards of employee behaviour and  conduct. Ethisphere evaluated about 5,000 global companies, including those in Standard  & Poor's 500 index, on reputation, corporate citizenship, culture and other  qualities.