MADISON, Wis. – CUNA Mutual Group has been recognized as a 2017 World’s Most Ethical Company by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, the company stated.
This year marks the 11th anniversary of Ethisphere and the World’s Most Ethical Companies designation. The honor is bestowed upon companies that influence and drive positive change in society, consider and understand how their actions impact key stakeholders, including their employees, customers, and investors, and make decisions based on their values every day.
CUNA Mutual Group has now received this honor four times in the past five years, and is one of only seven recipients in the financial services industry underscoring the company’s commitment to leading ethical business standards and practices, the company stated.
“As part of the credit union movement, we believe in people helping people and doing business with integrity,” said Robert N. Trunzo, president and CEO, CUNA Mutual Group. “Adopting agile principles has allowed us to put consumer needs at the forefront of our decisions and empower our teams to make decisions that drive value for our customers. We’re delivering insurance and investment solutions faster and smarter to help credit unions thrive and consumers build financial security for their families.”
Through in-depth research and analysis, Ethisphere recognized 124 companies from 19 countries and 52 industries as 2017 World’s Most Ethical Companies.
“We’ve seen constant shifts in the geo-political climate, laws and regulations, and societal expectations,” said Timothy Erblich, CEO of Ethisphere. “The World’s Most Ethical Companies respond swiftly to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long-term sustainable business practices. Congratulations to everyone at CUNA Mutual Group for being recognized as a World’s Most Ethical Company.”
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient (EQ) framework, which offers a quantitative assessment of a company’s performance in an objective, consistent and standardized way, Ethisphere explained. 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 are provided to all companies that participate in the process.
The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.