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. Bancorp
U.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 Institute
The 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.
Copyright Business Wire 2015