NEWARK, N.J.--(BUSINESS WIRE)--
Prudential Financial, Inc. (NYSE:PRU) has been named a 2018 World’s Most Ethical Company® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
This is the fourth consecutive year that Prudential has received this recognition, which is bestowed on organizations that demonstrate a culture of ethics and transparency at every level. To earn the World’s Most Ethical Company designation, companies are evaluated in five key categories: Compliance and Ethics Program, Corporate Citizenship, Culture of Ethics, Corporate Governance, and Leadership, Innovation and Reputation.
“Our commitment to ethical behavior is a longstanding tenet of Prudential’s culture. Only by doing business the right way, every day, will we maintain the trust of our customers and deliver on the promises we make to help them achieve financial security,” said Prudential Chairman and CEO John Strangfeld. “We are honored to be recognized by the Ethisphere Institute for the fourth consecutive year as a World’s Most Ethical Company.”
The World’s Most Ethical Company assessment is based on Ethisphere’s Ethics Quotient framework of evaluating a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies.
“This recognition of our commitment to ethics reflects our employees’ ongoing dedication to working with integrity,” said Lee Augsburger, senior vice president and chief ethics and compliance officer for Prudential. “I would like to thank all of our employees for their continued commitment to maintaining the highest ethical standards.”
Augsburger, who has oversight responsibility for Prudential’s worldwide compliance organization and the company’s global business ethics activities, notes that the company’s business ethics program promotes prevention, detection and resolution of potential misconduct and adherence to the letter and spirit of regulatory and legal mandates.
“At Prudential, we are in the business of delivering on long-term promises to our customers, helping them achieve financial prosperity and peace of mind. Earning and maintaining trust is key to our success, and we achieve this by embedding a strong culture of ethics across the company,” said Augsburger, who is a member of the board of advisors for the Institute for Ethical Leadership at Rutgers University, vice chair of the board of the Ethics & Compliance Initiative, and former chair of the board of the National Society of Compliance Professionals.
“More and more, global corporations are expected to strengthen the communities in which they operate and set the standard for ethical behavior,” explained Ethisphere’s CEO, Timothy Erblich. “The World’s Most Ethical Companies continue to show that operating with purpose and leading with integrity provide a business advantage. I congratulate everyone at Prudential for being recognized as one of the World’s Most Ethical Companies.”
The Ethisphere Institute has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character.
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of December 31, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180212005071/en/
