Bengaluru, March 9 (IANS): Software major Wipro Ltd. on Monday said it has been recognised as the world's most ethical company by US-based Ethisphere Institute for the fourth consecutive year.

"We have been named as the world's most ethical company by the Ethisphere for our commitment to ethical leadership," the company said in a statement here.

The Institute, which advances standards of ethical business practices, assesses global organisations having material impact on the way business is conducted by fostering a culture of ethics and transparency at every level.

"The recognition underscores our commitment to leading ethical business standards and practices ensuring long-term value to key stakeholders, including customers, employees, suppliers, regulators and investors," Wipro's chief sustainability officer Anurag Behar said.

The assessment is based upon the Institute's ethics quotient (EQ) framework developed over years of research to provide a means to evaluate a company's performance in an objective and consistent way.

"Ethics, integrity and responsible citizenship are a foundational first principle and at the core of how we think and act. The recognition for the fourth time in succession is a reaffirmation of what we stand for," Behar said.

The EQ framework and methodology is determined, vetted and refined by the expert advice and insights from Ethisphere's network of thought leaders.

"Earning this recognition involves collective action of a global workforce from the top down. We congratulate Wipro for this extraordinary achievement," Ethisphere's chief executive Timothy Erblich said.