Ethisphere Says Aflac is a World's Most Ethical Company for 11th Time
Staff Report From Columbus CEO
Tuesday, March 14th, 2017
Aflac, the leading provider of voluntary insurance at the worksite in the United States, announced that it has once again been included on Ethisphere's listing of the World's Most Ethical Companies. This is the 11th time that Aflac has appeared on this list, making Aflac the only insurance company to appear on the list every year since it was created in 2007. Aflac is among 124 companies being honored in 2017 and is the only company from the Accident & Life Insurance category.
"We take enormous pride in being considered a World's Most Ethical Company," Aflac Chairman and CEO Dan Amos said. "As a company that sells a promise, it is essential that our customers can rely on Aflac to do the right thing when it comes to providing the benefits they need. We are grateful to Ethisphere for compiling this list and pleased that Aflac is the only insurance company to hold a coveted spot for 11 straight years."
To create the list of World's Most Ethical Companies, the Ethisphere Institute generates scores in five key categories and assigns a weight to each category. The categories include:
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Ethics and compliance program (35 percent),
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Corporate citizenship and responsibility (20 percent),
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Culture of ethics (20 percent),
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Governance (15 percent), and
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Leadership, innovation and reputation (10 percent).
Using this data, Ethisphere creates their proprietary Ethics Quotient, which provides a quantitative assessment of a company's performance in an objective, consistent and standardized format.
"Over the last eleven years, we have seen the shift in societal expectations, constant redefinition of laws and regulations, and the geopolitical climate. We have also seen how companies like Aflac, which has been honored as a World's Most Ethical Company every year since we created this distinction, respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long-termism as a sustainable business advantage," explained Ethisphere's Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at Aflac for being recognized as a World's Most Ethical Company once again."