Timken Recognized by Newsweek as One of America's Most Responsible Companies for Fourth Year in a Row

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The Timken Company (TKR) has been recognized by Newsweek and Statista Inc. as one of America's Most Responsible Companies 2024 for the fourth consecutive year. Timken's commitment to corporate social responsibility (CSR) is reflected in its global initiatives and engineering expertise, aligning with its business strategy. The company's sustainable and responsible practices extend to its operations and solutions for customers' challenges. Timken is listed in the capital goods subcategory among the top 600 most responsible companies in the United States, selected based on key performance indicators (KPIs) and a survey of 17,000 U.S. residents.

NORTH CANTON, Ohio, Dec. 6, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has been recognized by Newsweek and Statista Inc. as one of America's Most Responsible Companies 2024. Timken has made the prestigious list four straight years, reflecting the company's continued commitment to corporate social responsibility (CSR).   

"We consider CSR integral to our business strategy and align our global initiatives with our engineering expertise to build a world that is more efficient, resilient and sustainable for generations to come," said Richard G. Kyle, Timken president and chief executive officer. "Our sustainable and responsible practices begin within our own operations and extend to how we engineer solutions for our customers' most difficult challenges. We're honored to be recognized, once again, along with so many outstanding corporate citizens."

The annual list features the top 600 most responsible companies in the United States, spanning 14 industries. Timken is listed in the capital goods subcategory.

Newsweek and Statista select America's Most Responsible Companies by conducting a detailed analysis of key performance indicators (KPIs) for the top 2,000 U.S.-based public companies, by revenue, and a survey of 17,000 U.S. residents. Survey respondents were asked to select companies familiar to them and evaluate their overall CSR performance and in the subcategories of social, environmental and governance.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.5 billion in sales in 2022 and employs more than 19,000 people globally, operating from 46 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies^® by Ethisphere, America's Most Innovative Companies by Fortune and America's Best Large Employers, Best Employers for New Graduates and Best Employers for Women by Forbes.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

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SOURCE The Timken Company

FAQ

What is the significance of The Timken Company (TKR) being recognized as one of America's Most Responsible Companies 2024?

The recognition reflects Timken's commitment to corporate social responsibility (CSR) and its sustainable and responsible practices, aligning with its business strategy and engineering expertise.

How many consecutive years has The Timken Company (TKR) made the prestigious list of America's Most Responsible Companies?

Timken has made the list for four straight years, demonstrating its continued dedication to CSR.

How are companies selected for the list of America's Most Responsible Companies?

Newsweek and Statista Inc. select the top 600 most responsible companies in the United States based on key performance indicators (KPIs) and a survey of 17,000 U.S. residents.

In which subcategory is The Timken Company (TKR) listed among America's Most Responsible Companies?

Timken is listed in the capital goods subcategory among the top 600 most responsible companies in the United States.

What criteria are considered in the selection of America's Most Responsible Companies?

The companies are selected based on their overall CSR performance and in the subcategories of social, environmental, and governance, reflecting their commitment to responsible business practices.