Recognition honors those companies who embrace their critical role to influence and drive positive change in the business community and societies around the world
New York, February 26, 2019 – TIAA, a leading financial services provider, today announced its fifth consecutive annual recognition as one of the 2019 World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
This year, 128 honorees, spanning 21 countries and 50 industries, illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
“Recognition as one of the World’s Most Ethical Companies® for the fifth consecutive year reflects what we believe,” said Rohan Kohli, chief compliance and ethics officer of TIAA. “TIAA employees are passionate about living our values while putting our clients first in all they do.”
“I am proud to come to work every day with colleagues who are dedicated to helping our clients in education, healthcare and other nonprofit professions succeed,” said Roger W. Ferguson, Jr., president and CEO of TIAA. “We strongly believe that a consistent commitment to ethics and values helps deliver sustainable success for our business and the best long-term outcomes for our customers.”
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.
With an award-winning1 track record for consistent investment performance, TIAA (TIAA.org) is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has nearly $1 trillion in assets under management (as of 12/31/20182) and offers a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
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 .