The Ethisphere Institute, which promotes standards of ethical business practices, announced its list of the 2015 World’s Most Ethical Companies. The latest list includes 132 companies representing more than 50 industries spanning 21 countries and five continents.
Property/casualty insurers Allstate and The Hartford, and insurance brokerage firm Arthur J. Gallagher, are on the list.
The organization says its designation honors superior achievement in transparency, integrity, ethics and compliance.
The Hartford has been recognized by the Ethisphere Institute for the seventh time.
“For more than 200 years, The Hartford has served our customers with honesty and integrity. Receiving this award for the seventh year demonstrates The Hartford’s commitment to ethical leadership,” said Alan Kreczko, executive vice president and general counsel at The Hartford
Arthur J. Gallagher has also been honored previously.
“Our company places a very strong emphasis on ethics, professionalism and social responsibility, and we’re delighted to once again be selected as a World’s Most Ethical Company,” said J. Patrick Gallagher Jr., who is chairman, president and CEO. “Gallagher has doubled in size since we were first recognized with this award four years ago, and our business has become increasingly complex. Ethisphere’s judging process has also become more rigorous. I view this designation as a real testimony to the strength and core values of our global team.”
At Allstate, Kelly Noll, Allstate senior vice president, chief ethics, compliance and privacy officer, said his company truly goes beyond just talking about behaving ethically.
“We strive to do the right thing, putting people ahead of policies and defying expectations—delivering more than what people would expect from an insurance company,” Noll said.
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%).
“Companies today are challenged by a complex and often conflicting set of laws and regulations around the world, yet despite the lack of a global rule of law there’s a growing commonality about how to do business the right way,” said Ethisphere CEO Timothy Erblich. “More and more, we’re finding that stakeholders from employees and customers to executives and investors understand that ethical leadership drives outcomes ranging from operational performance to corporate integrity, transparency and workforce behavior.”
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