United Services Automobile Association Employee PAC - USAA Employee Pac issued the following announcement on March 4.
USAA has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies.
USAA has been recognized for four consecutive years and is one of only seven honorees in the Insurance industry. This recognition underscores the commitment to leading with integrity and prioritizing ethical business practices.
“We are here to serve the military and their families,” said USAA CEO Stuart Parker. “Trust is the foundation of our relationships with members, and our world-class employees work to earn it every day by embracing our core values: honesty, integrity, loyalty and service.”
In 2019, 128 honorees were recognized spanning 21 countries and 50 industries. The thirteenth class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose
“Today, employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “I congratulate everyone at USAA for earning this recognition.”
Methodology & Scoring
The World's Most Ethical Companies 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 manner. 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 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
Original source can be found here.
Source: United Services Automobile Association Employee PAC - USAA Employee Pac