Minneapolis-- (March 15, 2022) — For the third year in a row, Xcel Energy has been named one of the World’s Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
Xcel Energy is one of only nine honorees in the Energy & Utilities category, and one of only five of those companies in the United States recognized this year. In 2022, 136 honorees were recognized spanning 22 countries and 45 industries.
“It’s an amazing honor to be recognized as one of the World’s Most Ethical Companies once again. We’re so proud that our nation leading energy goals and commitment to integrity and sustainability are worthy of this award and we’ll continue to build on our strong foundation,” said Bob Frenzel, chairman, president and CEO of Xcel Energy.
“Today, business leaders face their greatest mandate yet to be ethical, accountable and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance and community. Congratulations to Xcel Energy for earning the World’s Most Ethical Companies designation for a third consecutive year.”
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain.
Xcel Energy aims to be a net-zero energy provider by 2050. The company was the first in its industry to have aggressive clean energy goals covering three large sectors of the economy: electricity, natural gas use in buildings and transportation.
The full list of the 2022 World’s Most Ethical Companies can be found at: https://worldsmostethicalcompanies.com/honorees.
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About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com/.
