The Hartford and Allstate both made a list of the World’s Most Ethical Companies in 2017.
This marks the ninth year The Hartford has received the designation from the Ethisphere Institute, experts in defining and advancing the standards of ethical business practices.
“The Hartford demonstrates a culture of the highest ethical standard, offering customers, employees and investors an exceptional brand that stands for honesty and integrity,” said Ethisphere CEO Timothy Erblich.
“We are honored to be recognized for the ninth time as a World’s Most Ethical Company, exemplifying the highest standards of ethics and compliance,” said Christopher Swift, chairman and CEO of The Hartford. “At The Hartford, we recognize that a company’s reputation for doing business the right way is essential to its sustained success.”
This is the third year in a row that Allstate has made the World’s Most Ethical Companies list.
“Our dedication to doing the right thing has been at the core of Allstate throughout our history,” said Kelly Noll, Allstate senior vice president, chief ethics, compliance and privacy officer. “This recognition by Ethisphere is a welcome validation of our company’s commitment to highly ethical business standards, which guide us in making decisions and in all our actions.”
Since 2007, Ethisphere has honored companies that recognize their role in society to influence and drive positive change; consider the impact of their actions on their employees, investors, customers and other key stakeholders; and use their values and culture as an underpinning to the decisions they make every day.
“Over the last 11 years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long-termism as a sustainable business advantage,” explained Erblich.
Companies are scored in five key categories: ethics and compliance program (35 percent); corporate citizenship and responsibility (20 percent); culture of ethics (20 percent); governance (15 percent); and leadership, innovation and reputation (10 percent).
Ethisphere named 124 companies to this year’s World’s Most Ethical Companies list.
Source: The Hartford, Allstate Corp.