NORTHBROOK, Ill., March 13, 2017 /PRNewswire/ -- The
Allstate Corporation (NYSE: ALL), has been recognized by the Ethisphere Institute, a global leader in defining and advancing the
standards of ethical business practices, as a 2017 World's Most Ethical Company® .
Allstate has been recognized three years in a row and is one of only two in the Property & Casualty Insurance industry
underscoring their commitment to leading ethical business standards and practices.
"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."
Twenty-seventeen is the eleventh year that Ethisphere has honored those companies who 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 eleven 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 term-ism as a sustainable business advantage," explained Ethisphere's Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at Allstate for being recognized as a World's Most Ethical
Company."
Methodology & Scoring
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient
® (EQ) framework which 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.
Honorees
The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2017 honorees will be released in a series of infographics and research throughout the
year (view or
download the 2016 insights). Organizations interested in how they compare to the World's Most Ethical Companies are invited
to participate in the Ethics
Quotient.
About Allstate
The Allstate Corporation (NYSE:
ALL) is the nation's largest publicly held personal lines insurer, protecting approximately 16 million households from life's
uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer
Financial brand names. Now celebrating its 85th anniversary as an insurer, Allstate is widely known through the slogan
"You're In Good
Hands With Allstate®." Allstate agencies are in virtually every local community in America. In 2015, The
Allstate Foundation, Allstate, its employees and agency owners gave $36 million to support local
communities.
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. More information about Ethisphere can be found at: http://ethisphere.com.
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SOURCE The Allstate Corporation