Kennametal Repeats as Most Ethical

For the fifth consecutive year, Kennametal Inc. (Pittsburgh, PA) has received the World’s Most Ethical Companies® distinction by the Ethisphere® Institute that recognizes how organizations excel in three areas: (1) promoting ethical business standards and practices internally, (2) enabling managers and employees to make good choices, and (3) shaping future industry standards by introducing tomorrow’s best practices today.

“Ethics and integrity make up the foundation of our culture and are a crucial part of our business success,” said company president and chief executive officer Ron De Feo. “It is thanks to our 12,000 team members worldwide that we have been awarded this honor for the fifth year in a row. Their unwavering commitment to operating with the highest ethical standards has always been at the core of our company’s success, and is essential to our future.”

Kennametal is one of only two companies in the machine tools and accessories category to be honored this year. “Companies rely on us to continually raise and measure the standards of corporate behavior,” explained Timothy Erblich, the chief executive officer of Ethisphere. “Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage. Congratulations to everyone at Kennametal for being recognized as a World’s Most Ethical Company.”

The Ethisphere Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. They have deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. The institute honors superior achievement through its World’s Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics.

Kennametal has been at the forefront of advanced materials innovation for more than 75 years, a global industrial technology leader that delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to them for help to manufacture with precision and efficiency. Every day nearly 13,000 employees are helping customers in more than 60 countries stay competitive. They generated more than $2.6 billion in revenues in fiscal 2015.

www.kennametal.com