U.S. Bank Named as a 2015 World's Most Ethical Company by the Ethisphere Institute
March 09 2015 - 10:00AM
Business Wire
Recognition demonstrates U.S. Bank’s commitment to ethical
leadership
U.S. Bank, announced today that it has been recognized by the
Ethisphere Institute, the global leader in defining and advancing
the standards of ethical business practices, as a 2015 World’s Most
Ethical Company®. The World’s Most Ethical Companies designation
recognizes those organizations that have had a material impact on
the way business is conducted by fostering a culture of ethics and
transparency at every level of the company.
“We are thrilled to be honored as a World’s Most Ethical
Company®, which is a distinct recognition for a large U.S.-based
banking company,” said Richard Davis, chairman, president and chief
executive officer for U.S. Bank. “A strong financial performance
and a strong commitment to ethical leadership and corporate
behavior are the cornerstone of the U.S. Bank culture and purpose.
We are proud to be bankers and to have the privilege to be trusted
partners for our customers, communities and shareholders.”
Being an honoree underscores U.S. Bank’s commitment to leading
ethical business standards and practices ensuring long-term value
creation for key stakeholders, including customers, employees,
suppliers, regulators and investors. U.S. Bank is the fifth largest
commercial bank in the U.S. and the largest U.S.-based bank being
honored by the Ethisphere Institute this year.
“Our commitment to high ethical standards guides everything we
do,” said Jennie Carlson, executive vice president, Human
Resources. “This commitment defines who we are today and drives how
we’re managing, investing and innovating for the future. It drives
the core values that shape our culture and brand. This is truly a
privilege and honor for all 67,000 U.S. Bank employees around the
globe.”
“The World’s Most Ethical Companies embrace the correlation
between ethical business practice and improved company performance.
These companies use ethics as a means to further define their
industry leadership and understand that creating an ethical culture
and earning the World’s Most Ethical Companies recognition involves
more than just an outward facing message or a handful of senior
executives saying the right thing,” said Ethisphere’s Chief
Executive Officer, Timothy Erblich. “Earning this recognition
involves the collective action of a global workforce from the top
down. We congratulate everyone at U.S. Bank for this extraordinary
achievement.”
The World's Most Ethical Company assessment is based upon the
Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed
over years of research to provide a means to assess an
organization’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. The EQ framework and
methodology is determined, vetted and refined by the expert advice
and insights gleaned from Ethisphere’s network of thought leaders
and from the World’s Most Ethical Company Methodology Advisory
Panel.
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%).
The full list of the 2015 World's Most Ethical Companies can be
found at
http://ethisphere.com/worlds-most-ethical/wme-honorees/.
Senior executives of honorees contribute high-level insights and
best practices to the well-regarded World’s Most Ethical Companies
Executive Briefing (download Volume 2 here). Additional insights
gleaned from the World’s Most Ethical Companies will be released in
a series of whitepapers and infographics over the coming months
(download the 2014 Insights). Organizations interested in how they
compare to the World’s Most Ethical Companies are invited to learn
more about benchmarking services.
About U.S. BancorpU.S. Bancorp (NYSE: USB), with $403
billion in assets as of Dec. 31, 2014, is the parent company of
U.S. Bank National Association, the fifth largest commercial bank
in the United States. The company operates 3,176 banking offices in
25 states and 5,022 ATMs and provides a comprehensive line of
banking, brokerage, insurance, investment, mortgage, trust and
payment services products to consumers, businesses and
institutions. Visit U.S. Bancorp on the web at www.usbank.com.
About the Ethisphere InstituteThe Ethisphere® Institute
is the global leader in defining and advancing the standards of
ethical business practices that fuel corporate character,
marketplace trust and business success. Ethisphere has deep
expertise in measuring and defining core ethics standards using
data-driven insights that help companies enhance corporate
character. Ethisphere honors superior achievement through its
World’s Most Ethical Companies® recognition program, provides a
community of industry experts with the Business Ethics Leadership
Alliance (BELA) and showcases trends and best practices in ethics
with the publication of Ethisphere Magazine and The World’s Most
Ethical Companies Executive Briefing. Ethisphere is also the
leading provider of independent verification of corporate ethics
and compliance programs. More information about Ethisphere can be
found at: http://ethisphere.com.
U.S. Bank Media ContactDana E. Ripley, 612-303-3167orEthisphere
Media ContactClea Nabozny,
480-397-2658Clea.Nabozny@ethisphere.com
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