Hypertherm has been named a World’s Most Ethical Company by a consulting firm.

The Ethisphere Institute named the sheet metal works cutting equipment maker for its fostering of ethical business practices at all levels of company operations.

Hypertherm said it was one of 11 companies to make the list and one of three in the machine tools and accessories category.

“This honor underscores Hypertherm’s commitment to meeting the highest ethical business standards and practices, ensuring long-term value to key stakeholders including our associates, customers, and communities,” said Hypertherm CEO and President Evan Smith. “Transparency, honesty, and integrity — long a part of Hypertherm’s core values and included in our code of ethics — define who we are as individuals and as a company.”

Companies are scored and ranked in the categories of ethics and compliance, corporate citizenship and responsibility, culture of ethics, governance, and leadership, innovation, and reputation.

“The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World’s Most Ethical Companies recognition involves more than just an outward-facing message or a handful of senior executives saying the right thing,” said Ethisphere’s chief executive officer, Timothy Erblich. “Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at Hypertherm for this extraordinary achievement.”

Other 2015 winners include Google and the Nature Conservancy.