Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT/ TSE: 6501), today announced it has been recognized by the Ethisphere Institute as one of the 2012 World’s Most Ethical Companies. This marks the second consecutive year Hitachi Data Systems has been named to the prestigious list. The award features organizations that show leadership in promoting ethical business standards. “Hitachi Data Systems strives to go beyond basic compliance requirements to demonstrate true leadership in the important field of business ethics. Employee satisfaction, profitability and ethical behavior are symbiotic components and fundamental to the ongoing success of our company,” said Jack Domme, CEO, Hitachi Data Systems. “Our ethical values strongly influence the activities and interactions our employees have with customers, partners and colleagues around the world. As an organization, we are committed to the ongoing advancement of our compliance program, and we will continue to make ethical behavior a key measure of our company’s performance.” “A strong ethical foundation is a competitive advantage and Hitachi Data Systems recognizes the important role corporate responsibility plays in improving its bottom line,” said Alex Brigham, executive director of the Ethisphere Institute. “As more and more organizations strive for this honor each year, Hitachi Data Systems inclusion as a World’s Most Ethical Company for 2012 demonstrates its industry-leading commitment to ethics and dedication to integrity.” Out of a record number of nominations for the award, Hitachi Data Systems secured a hard-earned spot on the list by implementing and maintaining upstanding business practices and initiatives that are instrumental to the company’s success, benefit the community and raise the bar for ethical standards within the industry. Along with the 2012 World’s Most Ethical Companies recognition, Hitachi Data Systems was recently named one of FORTUNE Magazine’s “100 Best Companies to Work For” in 2012, named to the top 10 best places to work in the San Francisco Bay Area for the past three years, as well as a best place to work in France and Poland in 2011. The company was also named one of the 40 Best Companies for Leaders in 2012 by Chief Executive Magazine. About Ethisphere World’s Most Ethical Companies This is the sixth year Ethisphere, a think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability, has published the WME rankings.
Hitachi (NYSE:HIT) hit a new 52-week high Tuesday as it is currently trading at $63.44, above its previous 52-week high of $63.17 with 8,582 shares traded as of 9:35 a.m. ET. Average volume has been 60,800 shares over the past 30 days.