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Timken Company Receives Recognition from Newsweek

The Timken Company (NYSE: TKR), a prominent global leader in engineered bearings and industrial motion, has achieved notable acclaim by being listed among America's Most Responsible Companies by Newsweek and Statista Inc. for the fifth consecutive year. This prestigious acknowledgment highlights Timken's unwavering efforts in enhancing lives, protecting the environment, and reinforcing its business through robust corporate social responsibility (CSR).

Thomas Mehta, Timken's President and CEO, emphasized the company's devotion to CSR, stating, "At Timken, we're dedicated to CSR, reducing emissions and supporting our communities because these are the right things to do." This philosophy not only drives their corporate ethics but also underscores their focus on developing innovative solutions that promote sustainability and efficiency for their clientele. The CEO expressed gratitude towards Timken's employees, recognizing their everyday contributions to positive change, stating, "This recognition belongs to our employees who make a positive impact every day." This accolade places Timken among a distinguished group of corporate citizens committed to creating a sustainable and more resilient world.

The process used by Newsweek and Statista to compile the list was comprehensive and methodical. The analysis focused on assessing key performance indicators of 2,000 large public companies in the U.S., ranked by revenue, coupled with a survey involving 26,000 U.S. residents. Participants were asked to name companies familiar to them and evaluate their CSR performance, addressing social, environmental, and governance factors. From this extensive evaluation, 600 companies were recognized across 14 industries, with Timken securing a place in the capital goods subcategory.

Earlier in the year, Timken also received recognition as one of the World’s Most Ethical Companies® by Ethisphere, marking a significant milestone as this constituted their 13th recognition.

About The Timken Company

The Timken Company stands out as a leader in engineered bearings and industrial motion solutions, boasting a diverse and ambitious portfolio of next-generation products across various industries. With 125 years of specialization, Timken has consistently demonstrated its commitment to innovation and the delivery of customer-centric solutions that enhance reliability and efficiency. The company's financial performance reflects its successful operations, with reported sales reaching $4.8 billion in 2023 and a global workforce exceeding 19,000 employees, all operating in 45 countries.

In conclusion, Timken's recognition by Newsweek not only serves as a testament to its ongoing commitment to corporate responsibility but also reinforces the increasing significance of sustainability in today's business landscape. As businesses face mounting pressure to demonstrate ethical practices and sustainable solutions, Timken sets a laudable benchmark for others to strive towards, blending operational success with a deep-rooted responsibility towards society and the environment.