CLEVELAND, Oct. 24, 2022 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (the “Company”) announces that it has been named one of the 100 Best ESG Companies by Investor’s Business To do. The Daily (IBD), a leading financial news and research agency. The fourth annual list recognizes companies with excellent environmental, social and governance (ESG) sustainability ratings and strong fundamental and technical performance. Lincoln Electric is ranked 91st on the list, making it onto the list for the first time.
Lincoln Electric’s ESG and financial performance reflect the success of our Higher Standard 2025 strategy. This strategy aims to accelerate growth with a customer-first approach while driving operational excellence, product management and employee development.
Chairman, President and Chief Executive Officer Christopher L. Mapes said: “Our purpose is to operate to a higher standard in order to build a better world. , and promoting sustainability in our collaboration with our customers.”
To determine the 100 Best ESG Companies for the 2022 list, IBD selected Dow Jones ESG ratings. This included his 6,000+ companies that combined profitability with ethical and social responsibility. The research team narrowed the list to the top 15% of the 1,693 investable companies in the US with a stock price of $10 or more. We then selected the 100 companies with the highest His IBD Composite Rating of 81 or higher, reflecting broad strengths in fundamental and technical areas related to stock performance. Finally, the team ranked the companies by Dow Jones ESG ratings. To break the 100 company tie, the research team looked at Relative Strength Ratings and Earnings Per Share Ratings, IBD measures of revenue growth compared to other publicly traded companies. All IBD and Dow Jones data is as of August 31, 2022. To view the full list of IBD’s 100 Best ESG Companies and how they are ranked, please visit https://www.investors.com/esg-investing/.
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Lincoln Electric is a world leader in the engineering, design and manufacture of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and a global leader in brazing and soldering alloys. is in Lincoln is recognized as a Welding Expert™ for his superior materials science, software development, automation engineering and applications expertise, helping customers improve their manufacturing capabilities and build a better world. Headquartered in Cleveland, Ohio, Lincoln has 56 manufacturing locations in 19 countries and a global network of distributors and sales offices serving customers in more than 160 countries. For more information about Lincoln Electric and its products and services, please visit his website at https://www.lincolnelectric.com.
