Question
Download Solution PDFWhich of the following Indian companies was recognized among the world's most ethical firms in 2021?
Answer (Detailed Solution Below)
Option 2 : Wipro
Detailed Solution
Download Solution PDFThe correct answer is - Wipro
Key Points
- Wipro
- In 2021, Wipro was recognized among the world's most ethical companies by the Ethisphere Institute.
- The Ethisphere Institute honors companies that demonstrate a commitment to ethical business practices.
- Wipro has been acknowledged for its strong ethical leadership and corporate social responsibility initiatives.
- This recognition highlights Wipro's efforts in maintaining high ethical standards and promoting transparency in its operations.
Additional Information
- Ethical Business Practices
- Ethical business practices refer to the moral principles that guide the operations and decision-making processes of a company.
- These practices involve transparency, integrity, fairness, and accountability in all aspects of the business.
- Companies recognized for ethical practices often have strong compliance programs and prioritize stakeholder interests.
- Ethisphere Institute
- The Ethisphere Institute is a global leader in defining and advancing standards of ethical business practices.
- Each year, the institute publishes a list of the World's Most Ethical Companies, acknowledging organizations that excel in ethical conduct.
- Criteria for selection include ethics and compliance programs, corporate citizenship, and governance.
- Corporate Social Responsibility (CSR)
- CSR involves companies taking responsibility for their impact on society and the environment.
- It includes initiatives like sustainable development, community engagement, and ethical labor practices.
- Wipro has been known for its robust CSR programs, focusing on education, environment, and community care.