Ethisphere Institute Recognizes Company for Third Time in Four Years
MADISON, Wis. – CUNA Mutual Group has been recognized as a 2016 World’s Most Ethical Company® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
This year marks the 10th anniversary of Ethisphere and the World’s Most Ethical Companies designation, which recognizes those companies that align principle with action, work tirelessly to make trust part of their corporate culture, and in doing so, shape future industry standards by introducing tomorrow’s best practices today.
CUNA Mutual Group has now received this honor three times in the past four years, and it is one of only six recipients in the Financial Services category, underscoring the company’s commitment to leading ethical business standards and practices.
Through in-depth research and analysis, Ethisphere reviewed nominations from companies in more than 21 countries and 54 industries. After reviewing this year’s nominations, Ethisphere recognized 131 companies as 2016 World’s Most Ethical Companies.
“CUNA Mutual Group is committed to doing business the right way for our customers, employees and the communities in which we work,” said Robert N. Trunzo, president and CEO, CUNA Mutual Group. “Building a strong culture of ethics, compliance practices and corporate social responsibility is vitally important to our company. We will continue to make certain our business decisions are always made in the best interests of our customers, employees, communities and the environment.”
Added Ethisphere CEO Timothy Erblich, “CUNA Mutual Group’s emphasis on fostering an ethical culture is underscored by its robust risk-based ethics and compliance program and conveyed across the company through a creative and effective communications strategy. Operating in an industry where trust is everything, CUNA Mutual Group has put in place processes to protect that trust. Congratulations to everyone at CUNA Mutual Group for being recognized as a 2016 World’s Most Ethical Company.”
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 Company Methodology 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 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent) 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/.
About CUNA Mutual Group:
CUNA Mutual Group helps people plan, protect and invest for their future – regardless of their financial standing. The company was founded more than 80 years ago by credit union leaders who were looking for an insurance and investment partner they could trust. Today, CUNA Mutual Group helps credit unions and hardworking Americans build financial security through commercial and personal insurance products; lending and payment security solutions; and risk management, retirement, investment and marketing services. Additional information about the company can be found at www.cunamutual.com.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wis.
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.