U.S. Bank Named a World’s Most Ethical Company® by the Ethisphere Institute for Third Consecutive Year
March 13 2017 - 8:27AM
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 2017 World’s Most
Ethical Company®. This marks the third consecutive year U.S. Bank
has earned this recognition.
“It is truly an honor to be named a World’s Most Ethical Company
for the third consecutive year,” said Richard Davis, chairman and
chief executive officer of U.S. Bank. “As a financial institution,
we understand the importance of building and maintaining trust with
our customers, communities, and shareholders. And, we are very
proud of how the U.S. Bank team strives to be the most trusted
choice and how their efforts impact the lives of our customers. I
congratulate all of our employees and thank them for their
commitment to the highest level of ethics and integrity.”
The World’s Most Ethical Companies designation recognizes those
organizations that understand 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.
“We help customers build financially secure futures every day –
and those relationships are built on trust,” said Andy Cecere,
president and chief operating officer for U.S. Bank. “We know we
are successful in earning that trust when we collaborate, act
responsibly, do the right thing and treat everyone with respect and
dignity. We are proud to be on Ethisphere’s list because it
validates our employees’ commitment to our customers and our
communities.”
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.
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.
“Over the last 11 years we have seen the shift in societal
expectations, constant redefinition of laws and regulations and the
geo-political climate,” said Ethisphere’s Chief Executive Officer
Timothy Erblich. “We have also seen how companies honored as the
World’s Most Ethical respond to these challenges. They invest
in their local communities, embrace strategies of diversity and
inclusion, and implement sustainable business practices.
Congratulations to U.S. Bank for its third consecutive recognition
as a World's Most Ethical Company."
HonoreesThe 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 U.S. BankMinneapolis-based U.S. Bancorp (NYSE:
USB), with $446 billion in assets as of December 31, 2016, is the
parent company of U.S. Bank National Association, the fifth largest
commercial bank in the United States. The Company operates 3,106
banking offices in 25 states and 4,842 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/20170313005617/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 Mar 2024 to Apr 2024
US Bancorp (NYSE:USB)
Historical Stock Chart
From Apr 2023 to Apr 2024