Dana Recognized as One of World's Most Ethical Companies for Second Consecutive Year

Rhea-AI Summary

Dana Incorporated (NYSE: DAN) has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere, showcasing its commitment to ethical business practices. Dana is among the eight honorees in the mobility industry, emphasizing its dedication to excellence and responsible conduct.

MAUMEE, Ohio, March 4, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been recognized as one of the 2024 World's Most Ethical Companies^® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

In 2024, a total of 136 companies spanning 20 countries and 44 industries were recognized. Dana is one of only eight honorees across the mobility industry.

"It is an honor to have Dana named as one of the World's Most Ethical Companies for the second consecutive year," said James Kamsickas, Dana chairman and chief executive officer. At Dana, our commitment to excellence begins with doing business the right way. This prestigious honor celebrates the "One Dana" mindset and our collective efforts to ensure that everyone is valued and treated with respect and that business is always conducted responsibly and ethically.

"It's always inspiring to recognize the World's Most Ethical Companies^®. Through the rigorous review process, we see the dedication of these organizations to continually improving their ethics, compliance, and governance practices to the benefit of all stakeholders," said Erica Salmon Byrne, Ethisphere's chief strategy officer and executive chair. "Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow. Congratulations to Dana for achieving this honor and demonstrating that strong ethics is good business."

The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient^®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, & inclusion; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify truly best-in-class ethics and compliance practices from organizations across industries and from around the world.

About Ethisphere
Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, and deliver business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies build strong cultures of ethics and integrity. Ethisphere honors superior achievement through its World's Most Ethical Companies^® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also advances business performance through data-driven assessments, guidance, and benchmarking against its unparalleled data: the Culture Quotient dataset reflecting the ethical business practices of 3+ million employees around the world; and the Ethics Quotient dataset, featuring 240+ data points on the ethics, compliance, social, and governance practices of the World's Most Ethical Companies. For more information, visit https://ethisphere.com.

About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.

Based in Maumee, Ohio, USA, the company reported sales of $10.6 billion in 2023 with 42,000 people in 31 countries across six continents. With a history dating to 1904, Dana was named among the "World's Most Ethical Companies" for 2023 and 2024 by Ethisphere and as one of "America's Most Responsible Companies 2023" by Newsweek. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at dana.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dana-recognized-as-one-of-worlds-most-ethical-companies-for-second-consecutive-year-302078730.html

SOURCE Dana Incorporated

FAQ

What recognition did Dana Incorporated receive in 2024?

Dana Incorporated was recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere.

Who is Dana's chairman and CEO mentioned in the press release?

James Kamsickas is the chairman and chief executive officer of Dana Incorporated.

How many companies were recognized in 2024 as World's Most Ethical Companies?

A total of 136 companies spanning 20 countries and 44 industries were recognized in 2024.

What is the significance of Dana being one of the eight honorees in the mobility industry?

Being one of only eight honorees in the mobility industry highlights Dana's commitment to ethical business practices and excellence.

What is the Ethics Quotient® used by Ethisphere in assessing companies?

The Ethics Quotient® is an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics, ESG practices, ethics and compliance program, diversity, equity, & inclusion, and value chain initiatives.