Timken Earns Spot on Newsweek America's Most Responsible Companies List for Third Straight Year
The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has been named one of America's Most Responsible Companies 2023 by Newsweek and Statista Inc. This is the third consecutive year Timken has made the prestigious list of companies distinguished by their corporate social responsibility (CSR) efforts.
"We're proud of this recognition because responsibility is embedded in how we conduct business with ethics and integrity," said Richard G. Kyle, Timken president and chief executive officer. "Our world-class team of problem solvers is dedicated to developing new and better solutions for our customers' most challenging problems, and that mirrors our approach to CSR. It's an honor to be included alongside several of our customers and other outstanding corporate peers on this list."
The top 500 most responsible companies in the United States appear on the list. Fourteen industries are represented, with Timken listed in the materials and chemicals subcategory.
Newsweek and Statista select America's Most Responsible Companies based on key performance indicators (KPIs) derived from an independent survey and publicly available sustainability and corporate social responsibility reports. The independent survey asked U.S. citizens about their perception of a company's corporate social responsibility activities, while the KPIs focused on the company's performance in environmental sustainability, social impact and corporate governance.
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