The Ethisphere Institute recognizes U.S. Bank for the fifthconsecutive year.
MINNEAPOLIS–(BUSINESS WIRE)–Feb. 26, 2019– U.S. Bank has been named one of the 2019 World’s Most Ethical Companiesby the Ethisphere Institute, a global leader in defining and advancingthe standards of ethical business practices. This is the fifthconsecutive year U.S. Bank has received this recognition.
“In banking, relationships are built on trust,” said Andy Cecere,chairman, president and chief executive officer of U.S. Bank. “At U.S.Bank, our employees build that trust through their commitment to doingthe right thing and sharing our customers’ vision for success. They arewhy we’re one of the World’s Most Ethical Companies for the fifth yearin a row, and I’m proud and grateful to work with every one of them.”
In 2019, 128 honorees were recognized, spanning 21 countries and 50industries. U.S. Bank is one of only five honorees in the bankingcategory.
The World’s Most Ethical Companies assessment is based on the EthisphereInstitute’s Ethics Quotient® framework, which offers a quantitative wayto assess a company’s performance in an objective, consistent andstandardized manner. The information collected provides a comprehensivesampling of definitive criteria of core competencies rather than allaspects of corporate governance, risk, sustainability, compliance andethics.
Scores are generated in five key categories: ethics and complianceprogram (35 percent), culture of ethics (20 percent), corporatecitizenship and responsibility (20 percent), governance (15 percent) andleadership and reputation (10 percent).
“Today, employees, customers, investors and other stakeholders areputting their greatest trust in companies to lead with integrity.Companies that take the long view with a purpose-based strategy areproven to not only outperform but last,” said Ethisphere’s ChiefExecutive Officer, Timothy Erblich. “I congratulate everyone at U.S.Bank for earning this recognition.”
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $467billion in assets as of December 31, 2018, is the parent company of U.S.Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches andATM network with mobile and online tools that allow customers to bankhow, when and where they prefer. U.S. Bank is committed to serving itsmillions of retail, business, wealth management, payment, commercial andcorporate, and investment services customers across the country andaround the world as a trusted financial partner, a commitment recognizedby the Ethisphere Institute naming the bank a 2019 World’s Most EthicalCompany. Visit U.S. Bank at www.usbank.com orfollow on social media to stay up to date with company news.
About the Ethisphere Institute
The Ethisphere® Institute isthe global leader in defining and advancing the standards of ethicalbusiness practices that fuel corporate character, marketplace trust andbusiness success. Ethisphere has deep expertise in measuring anddefining core ethics standards using data-driven insights that helpcompanies enhance corporate character and measure and improve culture.Ethisphere honors superior achievement through its World’s Most EthicalCompanies recognition program and provides a community of industryexperts with the Business Ethics Leadership Alliance (BELA). Moreinformation about Ethisphere can be found at ethisphere.com.