DES MOINES, Iowa--(BUSINESS WIRE)--
For the eighth time, Principal Financial Group® is one of the World’s Most Ethical Companies. Principal® is one of only 135 companies globally chosen by Ethisphere Institute for this recognition and one of five in the financial services category.
The 2018 class of honorees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honorees.
“We’re honored to be in such great company on Ethisphere Institute’s World’s Most Ethical Companies list,” said Dan Houston, chairman, president and chief executive officer at Principal. “Our eighth year on this list (and fourth consecutive year) highlights our commitment to ethical business standards and practices, as we continue on our mission of helping customers around the world on their path to financial security. The long-term success of Principal depends on the fact that we have built our foundation on the highest standards of integrity.”
“While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society’s strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The World’s Most Ethical Companies in particular continued to show exemplary leadership,” explained Ethisphere’s CEO, Timothy Erblich. "I congratulate everyone at Principal for being recognized as one of the World's Most Ethical Companies."
Ethics & Performance
Once again, the 2018 World’s Most
Ethical Companies have proven that operating with integrity leads to
greater financial performance. Research has found that, when indexed,
listed World’s Most Ethical Companies outperformed the U.S. Large Cap
Index over five years by 10.72 percent and over three years by 4.88
percent. Ethisphere refers to this as the Ethics Premium.
Methodology & Scoring
The World's Most Ethical Companies
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 manner. 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). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
Honorees
The full list of the 2018 World's Most Ethical
Companies can be found at https://worldsmostethicalcompanies.com/honorees.
Best practices and insights from the 2018 honorees will be released in a report and webcast in March and April of this year. Sign up to receive the report.
About
Principal®
Principal helps people and
companies around the world build, protect and advance their financial
well-being through retirement, insurance and asset management solutions
that fit their lives. Our employees are passionate about helping clients
of all income and portfolio sizes achieve their goals – offering
innovative ideas, investment expertise and real-life solutions to make
financial progress possible. To find out more, visit us at principal.com.
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 and measure and improve culture.
Ethisphere honors superior achievement through its World’s Most Ethical
Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at: https://ethisphere.com.
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