Xerox Named as one of World’s Most Ethical Companies for 10th Consecutive Year

NORWALK, Conn.–(BUSINESS WIRE)–Xerox
(NYSE:XRX) has been recognized by the Ethisphere Institute, a global
leader in defining and advancing the standards of ethical business
practices, as a 2016
World’s Most Ethical Company®
.

This year marks the tenth anniversary of Ethisphere and the World’s Most
Ethical Companies designation which recognizes those companies who align
principle with action, work tirelessly to make trust part of their
corporate DNA, and in doing so, shape future industry standards by
introducing tomorrow’s best practices today.

Xerox is one of only 14 ten-time honorees underscoring the company’s
commitment to leading ethical business standards and practices.

“Since our earliest days, Xerox has been known for ethical behavior and
integrity,” said Don
Liu
, general counsel and secretary for Xerox. “With integrity, we
earn one of the greatest qualities a business can aspire to achieve: the
trust of clients, investors, colleagues and the communities in which we
work and live. This trust is earned through the actions of every Xerox
employee around the globe.”

The World’s Most Ethical Company assessment is based upon the Ethisphere
Institute’s Ethics
Quotient
™ (EQ) framework developed over years of research and vetted
and refined by the expert advice from Ethisphere’s World’s Most Ethical
Company Methodology
Advisory Panel
. The EQ offers a quantitative way to assess a
company’s performance in an objective, consistent and standardized way.
The information collected provides a comprehensive sampling of
definitive criteria of core competencies, rather than all aspects of
corporate governance, risk, sustainability, compliance and ethics.

Scores are generated in five key categories: ethics and compliance
program (35%), corporate citizenship and responsibility (20%), culture
of ethics (20%), governance (15%) and leadership, innovation and
reputation (10%) and provided to all companies who participate in the
process.

“Companies rely on Ethisphere to continually raise and measure the
standards of corporate behavior. Those that demonstrate leadership in
areas like citizenship, integrity and transparency create more value for
their investors, communities, customers and employees, thus solidifying
a sustainable business advantage,” explained Ethisphere’s Chief
Executive Officer, Timothy Erblich. “Congratulations to everyone at
Xerox for being recognized as a World’s Most Ethical Company.”

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About Xerox

Xerox is helping change the way the world works. By applying our
expertise in imaging, business process, analytics, automation and
user-centric insights, we engineer the flow of work to provide greater
productivity, efficiency and personalization. We conduct business in 180
countries, and our more than 140,000 employees create meaningful
innovations and provide business process services, printing equipment,
software and solutions that make a real difference for our clients – and
their customers. On January 29, 2016, Xerox announced that it plans to
separate into two independent, publicly-traded companies: a business
processing outsourcing company and a document technology company. Xerox
expects to complete the separation by year-end 2016. Learn more at www.xerox.com.

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Contacts

Media:
Xerox
Bill McKee, 1+585-423-4476
bill.mckee@xerox.com