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Insurers & the World’s Best & Most Ethical Companies

Posted By Administration, Tuesday, March 17, 2015

The Ethisphere Institute just released its annual list of the most ethical companies on the planet and Fortune and Great Place to Work has sent out its 18th annual best places to work.

Insurers not surprisingly landed on both lists.

Ethispheres 2015 Worlds Most Ethical Companies looks at 50 industries and 132 companies in 21 countries and five continents. The firms CEO Timothy Erblich said the companies are scored in five categories:

  Ethics and compliance program 35%

  Corporate citizenship and responsibility 20%

  Culture of ethics 20%

  Governance 15%

  Leadership, innovation and reputation 10%


Companies today are challenged by a complex and often conflicting set of laws and regulations around the world, yet despite the lack of a global rule of law theres a growing commonality about how to do business the right way. More and more, were finding that stakeholders from employees and customers to executives and investors understand that ethical leadership drives outcomes ranging from operational performance to corporate integrity, transparency and workforce behavior, Erblich said.

Allstate, The Hartford and Arthur J. Gallagher are on the list.

Its the seventh time The Hartford has been there which pleases executive vice president Alan Kreczko. For more than 200 years, The Hartford has served our customers with honesty and integrity. Receiving this award for the seventh year demonstrates The Hartfords commitment to ethical leadership.

Arthur J. Gallagher CEO J. Patrick Gallagher Jr. said his firm has been there before, too. Our company places a very strong emphasis on ethics, professionalism and social responsibility, and were delighted to once again be selected as a Worlds Most Ethical Company. Gallagher has doubled in size since we were first recognized with this award four years ago, and our business has become increasingly complex. Ethispheres judging process has also become more rigorous. I view this designation as a real testimony to the strength and core values of our global team.

Allstates Kelly Noll who is a senior vice president is also pleased. We strive to do the right thing, putting people ahead of policies and defying expectations delivering more than what people would expect from an insurance company.

Fortune and Great Place to Works survey of the 100 best companies to work for also includes insurers USAA and Nationwide. USAA is number 33 and Nationwide ranks 95th.


How the companies are judged

  2/3 of the score is best on the Trust Index Employee Survey

  It looks at employee attitude about management credibility and overall job satisfaction

  Camaraderie is also high on that survey

  A culture audit is also done to look at hiring practices, pay and benefits, internal communication, training, recognition programs and diversity efforts


The top-10

1. Google

2. Boston Consulting

3. Acuity        

4. SAS Institute

5. Robert W. Baird

6. Edward Jones

7. Wegmans Food Markets

8. Salesforce

9. Genetech

10. Camden Property Trust


Others you may know on the Fortune and Great Place to Work Survey

24. Twitter

27. The Container Store

31. Intuit

32. St. Jude Childrens Research Hospital

47. Four Seasons Hotels & Resorts

49. Aflac

50. Goldman Sachs

51. American Express

53. Marriott International

55. Whole Foods Market

56. L.L. Bean

60. Scripps Health

68. Allianz Life Insurance

70. Cisco

73. Mayo Clinic

74. PricewaterhouseCoopers

78. Hyatt Hotels

80. General Mills

88. The Cheesecake Factory

90. Adobe Systems

91. Capital One Financial

93. Nordstrom

97. Deloitte

98. Accenture


Other firms on the Ethisphere list

Apparel The Gap, Levi Strauss

Automotive Ford Motor Company

Banks U.S. Bank

Business Services Dun & Bradstreet

Computer Hardware Dell, Inc.

Computer Services Google

Computer Software Adobe, Microsoft, Symantec

Consulting Services Accenture

Consumer Products Colgate-Palmolive Company

Credit Services Visa

Diversified Machinery Rockwell Automation

Electronics Avnet

Engineering and Design CH2M Hill, Fluor

Environmental Services Waste Management

Financial Services Prudential Financial

Food and Beverage Kellogg, PepsiCo, The Hershey Company

Forestry, Paper and Packaging International Paper Company, Weyerhaeuser

HealthCare Services Novation, Premier

Industrial Manufacturing 3M, Deere, GE, Johnson Controls, Milliken, Timken

Information Technology Xerox

Insurance: Accident and Health: Aflac

Health Insurance Blue Shield of California

Life Insurance The Principal Financial group

Lodging Holland America, Marriott

Media and Publishing: Thomson Reuters

Metals Schnitzer Steel

Oil and Gas: Spectra Energy

Retail: Petco

Semiconductor Equipment and Materials Applied Materials, Intel, Texas Instruments

Specialty Eateries Starbucks

Staffing and Outsourcing Services Manpower, Paychex

Telecommunications Equipment Cisco

Telecommunications Services T-Mobile

Toys and Games Hasbro, Mattel

Transportation and Logistics United Parcel Service


Source links: insurancejournal.com, ethisphere.com, PropertyCasualty360.com, Fortune

Tags:  Insurance Content  Insurance Industry  Insurance News  Insurers & the World’s Best & Most Ethical Compani  Weekly Industry News 

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