MINNEAPOLIS--(BUSINESS WIRE)--Mar. 7, 2016--
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
CompanyMethodology
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. Bank
Minneapolis-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® 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160307006064/en/
Source: U.S. Bank
U.S. Bank Corporate Communications
Dana Ripley, 612-303-3167
dana.ripley@usbank.com
Twitter
@usbank_news
or
Ethisphere Media Contact
Clea Nabozny,
480-397-2658
Clea.Nabozny@ethisphere.com