09/03/2015 4:39 PM IST | Updated 15/07/2016 8:25 AM IST

Wipro, Tata Steel, Tata Power Feature In World's Most Ethical Cos' List

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Workers pick up a sheet of stainless steel inside a manufacturing workshop in the suburb of Mira-Bhayander in Thane, Maharashtra, India, on Tuesday, Jan. 7, 2014. Tata Steel Ltd. and Steel Authority of India Ltd., the nations biggest producers, are set to report their smallest profit margins in more than a decade as demand increases at the slowest pace since the global recession. Photographer: Vivek Prakash/Bloomberg via Getty Images

NEW DELHI - Three Indian companies Wipro, Tata Steel and Tata Power have been named among the World's Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of righteous business practices.

The designation of "World's Most Ethical Companies" recognises those organisations who truly go beyond making statements about doing business "ethically". In 2015, there were as many as 132 honorees across 21 countries and five continents representing over 50 industries. "Honorees not only promote ethical business standards and practices internally, they exceed legal compliance minimums and shape future industry standards by introducing best practices today," Ethisphere Institute said.

Wipro is one of the three IT services companies named in the list this year. The other two firms are Japan's Ricoh Company and US-based Xerox Corporation.

Being featured in the list for the fourth consecutive year underscores Wipro's commitment to leading ethical business standards and practices, ensuring long-term value to key stakeholders, including customers, employees, suppliers, regulators and investors, the IT major said.

Tata Steel is one of the two companies named in the metal industry vertical, the other being US-based Schnitzer Steel Industries.

The other Tata Group company Tata Power got featured in the energy and utility (electrical) industry. The coveted list was dominated by US-based companies as out of the 132 honorees as many as 100 firms were from that country.