TSYS (NYSE: TSS), one of the world’s largest global payments companies, has been recognized by the Ethisphere Institute as one of the 2013 World’s Most Ethical Companies. TSYS has received this prestigious honor for the second year in a row.
The Ethisphere Institute is a leading international organization dedicated to the creation, advancement and sharing of best practices in business ethics, governance, anti-corruption and sustainability. This is the seventh annual selection of the World’s Most Ethical Companies List, a recognition that highlights companies that outperform industry peers when it comes to ethical behavior.
“It is a tremendous honor for TSYS to be named, once again, to such a distinguished list,” said Philip W. Tomlinson, chairman and chief executive officer, TSYS. “We take great strides to promote and expect ethical business behavior in every aspect of our business. Our team members, partners and clients take pride in doing business the right way and leading by example in the payments industry.”
Through in-depth research and a multi-step analysis, Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries. The methodology for the World’s Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.
“Not only did more companies apply for the World's Most Ethical Companies recognition this year than any year in the past, which demonstrates that ethical activity is an important part of many of these companies' business models, but we are also seeing more companies be proactive and create new initiatives that expand ethics programs and cultures across entire industries,” said Alex Brigham, executive director of Ethisphere. “We are excited to see the 2013 World's Most Ethical Companies take these leadership positions, and embrace the correlation between ethical behavior and improved financial performance.”