Praxair was named a 2017 World’s Most Ethical Company ® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.

In 2017, 124 companies globally were named Most Ethical Companies by the Institute. Praxair is one of three companies listed in the chemical sector and the only industrial gas company to receive the honour.

Praxair chairman and CEO, Steve Angel, commented, “At Praxair, ensuring a culture of ethics and compliance is paramount to doing business the right way and is top of mind for all of our global employees.”

“It is a great honour to be recognised as a World’s Most Ethical Company and I thank all of our employees for their dedication to our core values and making this accomplishment possible,” he continued.

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework, which provides a quantitative method to assess a company’s performance in an objective, consistent and standardised way. The EQ framework measures a company’s performance across five key categories: ethics and compliance (35% of total score), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).