Praxair Inc. was named a 2018 World’s Most Ethical Company by the Ethisphere Institute for the second year in a row. The Institute is a global leader in defining and advancing the standards of ethical business practices.

In 2018, 135 companies across 23 countries and 57 industries were recognised as Most Ethical Companies by the institute. Praxair is one of only three companies in the Chemical sector to have been recognised. The award reflects Praxair’s leadership and commitment to the ethical business standards and practices it sets globally.

“Our commitment to doing business the right way is the foundation of the strong relationships we build with all Praxair stakeholders,” said Steve Angel, Praxair chairman and chief executive officer. “There is no substitute for having a strong culture of integrity and ethics, both core values at Praxair.”

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardised way. Performance scores were generated across five key categories: ethics and compliance, corporate citizenship and responsibility, culture of ethics, governance and leadership, innovation and reputation.