Power management company Eaton today was named one of the World’s Most Admired Companies by FORTUNE magazine.

“We are incredibly honored to be recognized among the World’s Most Admired Companies for the outstanding work our employees do every day to improve the quality of life and the environment through our power management products and services,” said Craig Arnold, Eaton chairman and chief executive officer.

Within the electronics category survey respondents recognized Eaton as an industry leader for social responsibility. Eaton ranked second in its category for people management and quality of management.

FORTUNE’s list of the World’s Most Admired Companies is based on company surveys and peer ratings from top executives, directors and members of the financial community. They rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.

Eaton is a power management company with 2016 sales of $19.7 billion. We provide energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 96,000 employees and sells products to customers in more than 175 countries. For more information, visit Eaton.com.