U.S. Bank Named a World's Most Ethical Company® by the Ethisphere Institute for Second Consecutive Year
March 07 2016 - 10:47AM
Business Wire
U.S. Bank, the fifth largest commercial bank in the United
States, 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 2016 World’s Most
Ethical Company®. This marks the second consecutive year U.S. Bank
has earned this recognition. 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.
“It is truly an honor to be named a World’s Most Ethical Company
for the second consecutive year,” said Richard Davis, chairman and
chief executive officer for U.S. Bancorp. “At U.S. Bank, we want to
be our customers’ most trusted choice. We earn that distinction by
embracing a culture of ethics and integrity as we help our
customers navigate important financial milestones. We are proud to
be on Ethisphere’s list because it validates the commitment of our
67,000 employees who choose to do the right thing for our
customers, shareholders, communities and each other every single
day.”
U.S. Bank is once again the largest U.S.-based bank being
honored by the Ethisphere Institute this year. 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.
“Companies rely on Ethisphere to continually raise and measure
the standards of corporate behavior,” explained Ethisphere’s Chief
Executive Officer, Timothy Erblich. “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.
Congratulations to everyone at U.S. Bank for being recognized as a
World's Most Ethical Company."
Earlier this year, Davis was named to the Ethisphere Institute’s
100 Most Influential in Business Ethics, ranking 22nd overall. The
list recognizes the 100 individuals that have made a material
impact in the world of business ethics and compliance.
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.
The full list of the 2016 World's Most Ethical Companies can be
found at
http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2016 honorees will be
released in the form of a whitepaper and infographics over the next
few months (download the 2015 insights). Organizations interested
in how they compare to the World’s Most Ethical Companies are
invited to participate in the Ethics Quotient.
About U.S. BankMinneapolis-based U.S.
Bancorp (“USB”), with $422 billion in assets as
of December 31, 2015, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the
United States. The Company operates 3,133 banking offices in 25
states and 4,936 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com.
About 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. More information about
Ethisphere can be found at: http://ethisphere.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160307006064/en/
U.S. Bank Corporate CommunicationsDana Ripley,
612-303-3167dana.ripley@usbank.comTwitter @usbank_newsorEthisphere
Media ContactClea Nabozny,
480-397-2658Clea.Nabozny@ethisphere.com
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jun 2024 to Jul 2024
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jul 2023 to Jul 2024