Operational Excellence
March 6, 2024
Xcel Energy named one of the World’s Most Ethical Companies for fifth consecutive year
Honor recognizes integrity, culture and strong leadership in sustainability
For the fifth 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 five energy companies in the United States recognized this year among 136 global honorees.
“It’s an honor to be recognized as one of the World’s Most Ethical Companies for the fifth year in a row,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “Our employees foster a culture of ethics that benefits every part of the business as we lead the clean energy economy and serve our customers with reliable energy at a competitive price.”
“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 Xcel Energy for achieving this honor and demonstrating that strong ethics is good business.”
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 240 proof points on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives that support a strong value chain. 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.
Xcel Energy employees champion the company’s values of Safe, Connected, Trustworthy and Committed to create a strong culture of excellence that touches the communities where they live and work. The company also leverages business resource groups dedicated to creating an inclusive and supportive outlet for employees’ personal and professional growth.
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 2024 World’s Most Ethical Companies can be found at worldsmostethicalcompanies.com/honorees.