Ethisphere Names U. S. Steel One of the World’s Most Ethical Companies® for Third Consecutive Year
05 March 2024 - 3:30AM
Business Wire
The prestigious annual recognition highlights
organizations that have demonstrated a commitment to business
integrity through robust ethics, compliance, and governance
programs
United States Steel Corporation (NYSE: X) (“U. S. Steel”) today
announced that it has been named “one of the 2024 World’s Most
Ethical Companies®” by Ethisphere, the global leader in defining
the standards of ethical business practices. This marks the third
consecutive year that U. S. Steel has received this widely
sought-after recognition, a testament to the company’s
differentiated ethics and compliance programs and its ongoing
dedication to its Best for All® strategy.
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U. S. Steel’s commitment to a strong ethical culture is rooted
in the company’s founding more than a century ago, when its
co-founder and first chairperson, Judge Elbert Gary, developed what
is widely considered to be the first-ever corporate code of ethics.
U. S. Steel’s dedication to ethical conduct remains unwavering to
this day and is reflected throughout the organization and in its
business dealings with clients, customers, investors, and employees
– all of which are characterized by the highest level of
integrity.
“Being recognized by Ethisphere as one of the 2024 World’s Most
Ethical Companies® demonstrates how we align our S.T.E.E.L.
Principles with action, each and every day. That this is the third
consecutive time we’ve earned this distinction also validates the
positive impact we are creating for our stakeholders year after
year,” said President and Chief Executive Officer of U. S. Steel,
David B. Burritt.
“Earning our third consecutive designation as A World’s Most
Ethical Companies Honoree® is a testament to our strong ethical
culture – characterized by transparency, responsibility, and
accountability – and a powerful validation of exemplary corporate
citizenship that benefits all our stakeholders, including our
business partners, employees, communities, and investors,” said
Duane Holloway, Senior Vice President, General Counsel, and Chief
Ethics and Compliance Officer of U. S. Steel.
“It’s always inspiring to recognize the World’s Most Ethical
Companies®. Through the rigorous review process, we see the
dedication of these organizations to continually improving their
ethics, compliance, and governance practices to the benefit of all
stakeholders,” said Erica Salmon Byrne, Ethisphere’s Chief Strategy
Officer and Executive Chair. “Companies that elevate best-in-class
cultures of ethics and integrity set a standard for corporate
citizenship for their peers and competitors to follow.
Congratulations to U. S. Steel for achieving this honor and
demonstrating that strong ethics is good business.”
Methodology & Scoring
The World’s Most Ethical Companies assessment is grounded in
Ethisphere’s proprietary Ethics Quotient®, an extensive
questionnaire that requires companies to provide over 240 different
proof points on their culture of ethics; environmental, social, and
governance (ESG) practices; ethics and compliance program;
diversity, equity, & inclusion; and initiatives that support a
strong value chain. That data undergoes further qualitative
analysis by Ethisphere’s panel of experts who spend thousands of
hours vetting and evaluating each year’s group of applicants. This
process serves as an operating framework to capture and codify
truly best-in-class ethics and compliance practices from
organizations across industries and from around the world.
About U. S. Steel
Founded in 1901, United States Steel Corporation is a leading
steel producer. With an unwavering focus on safety, the Company’s
customer-centric Best for All® strategy is advancing a more secure,
sustainable future for U. S. Steel and its stakeholders. With a
renewed emphasis on innovation, U. S. Steel serves the automotive,
construction, appliance, energy, containers, and packaging
industries with high value-added steel products such as U. S.
Steel’s proprietary XG3® advanced high-strength steel. The Company
also maintains competitively advantaged iron ore production and has
an annual raw steelmaking capability of 22.4 million net tons. U.
S. Steel is headquartered in Pittsburgh, Pennsylvania, with
world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
About Ethisphere
Ethisphere® is the global leader in defining and advancing the
standards of ethical business practices that strengthen corporate
brands, build trust in the marketplace, and deliver business
success. Ethisphere has deep expertise in measuring and defining
core ethics standards using data-driven insights that help
companies build strong cultures of ethics and integrity. Ethisphere
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 with Ethisphere
Magazine. Ethisphere also advances business performance through
data-driven assessments, guidance, and benchmarking against its
unparalleled data: the Culture Quotient dataset reflecting the
ethical business practices of 3+ million employees around the
world; and the Ethics Quotient dataset, featuring 240+ data points
on the ethics, compliance, social, and governance practices of the
World’s Most Ethical Companies. For more information, visit
https://www.ethisphere.com.
©2024 U. S. Steel. All Rights Reserved
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