MERRILLVILLE, Ind., March 16, 2012 /PRNewswire/ -- NiSource Inc. (NYSE: NI) has been designated one of the World's Most Ethical Companies by the Ethisphere Institute. Ethisphere is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.
"NiSource customers, employees, shareholders and other key stakeholders expect nothing less than the highest level of business ethics and corporate responsibility." NiSource President and Chief Executive Officer Robert C. Skaggs, Jr. said. "This designation underscores our commitment to doing the right thing each and every day as we work to build North America's premier regulated energy company."
NiSource is one of 145 companies worldwide recognized by Ethisphere for leadership in promoting ethical business standards as measured by four specific categories: Ethics and Compliance Programs; Reputation, Leadership and Innovation; Governance; and Corporate Citizenship and Responsibility.
"These companies go beyond making statements about doing business ethically and translate those words into action, introducing innovative ideas to benefit the public and compelling their competitors to follow suit," said Alex Brigham, Executive Director of Ethisphere. "This year's winners know that a strong ethics program is a key component to a successful business model, and they continue to scrutinize their ethical standards to keep up with an ever-changing regulatory environment."
The NiSource Code of Business Conduct is the foundation of the NiSource Ethics and Compliance Program, and is designed to provide guidance on how to apply the company's Core Values and Principles to maintain high standards of business conduct. NiSource's Code of Business Conduct is available on the Corporate Governance section of www.nisource.com.
More on the NiSource's commitment to ethics and compliance, as well as the company's overall corporate sustainability priorities can be found in the 2010 Sustainability Report available at www.nisource.com/sustainability. The 2011 report will be published later this year.
Ethisphere's Selection Process
Through in-depth research and a multi-step analysis, Ethisphere reviewed a record number of nominations from companies in more than 100 countries and 36 industries. The methodology for the World's Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.
Read about the methodology and view the complete list of the 2012 World's Most Ethical Companies at http://ethisphere.com/wme. The World's Most Ethical Companies will also be featured in the first quarter 2012 issue of the quarterly magazine Ethisphere.
NiSource Inc. (NYSE: NI), based in Merrillville, Ind., is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. Designated as one of the World's Most Ethical Companies in 2012, NiSource operating companies deliver energy to 3.8 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Information about NiSource and its subsidiaries is available via the Internet at www.nisource.com. NI-F
About Ethisphere Institute:
The research-based Ethisphere® Institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Ethisphere Magazine, which publishes the globally recognized World's Most Ethical Companies Ranking(TM), is the quarterly publication of the Institute. Ethisphere provides the only third-party verifications of compliance programs and ethical cultures that include: Ethics Inside® Certification, Compliance Leader Verification(TM) and Anti-Corruption Program Verification(TM). The Institute's premier membership group, the Business Ethics Leadership Alliance(TM), is a business ethics forum that includes more than 100 leading corporations, universities and institutions that collectively leverage their experience, expertise and innovative ways to address emerging compliance challenges. More information on the Ethisphere Institute, including ranking projects and membership, can be found at http://www.ethisphere.com.
SOURCE NiSource Inc.