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March 20, 2014
Think Tank Ethisphere Recognizes Company’s Business Practices, Social Responsibility
MADISON, Wis. – For the second straight year, CUNA Mutual Group has been recognized as one of the world’s most ethical companies by an international think tank that rates companies’ business ethics and social responsibility practices.
The Ethisphere Institute, an independent research center promoting best practices in corporate ethics and governance, cited CUNA Mutual Group among the World’s Most Ethical Companies for outperforming their industry peers in ethical behavior.
“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Timothy Erblich, Ethisphere, chief executive officer. “CUNA Mutual Group is not only committed to its communities, but to driving performance through leading business practices. We congratulate everyone at CUNA Mutual Group for their extraordinary achievement.”
Through in-depth research and analysis, Ethisphere reviewed nominations from companies in more than 23 countries and 37 industries. After reviewing this year’s nominations, Ethisphere recognized 143 companies as 2014 World’s Most Ethical Companies.
The Ethisphere assessment provides a sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability compliance and ethics. The ethics framework and methodology was vetted and refined by an advisory panel of thought leaders.
Scores are generated in five key categories: ethics and compliance program (25 percent); reputation, leadership and innovation (20 percent); governance (10 percent) corporate citizenship and responsibility (25 percent) and culture of ethics (20 percent).
“CUNA Mutual Group is committed to doing the right thing for our customers, employees and the communities in which we work,” said Steve Koslow, SVP, chief ethics and compliance officer, CUNA Mutual Group. “Building a strong culture of ethics, compliance practices and corporate social responsibility is the way we do business. We will continue to make certain our business decisions are always made in the best interests of our customers, employees, communities and the environment.”
To learn more, visit http://www.cunamutual.com/pressroom.
CUNA Mutual Group was founded in 1935 by credit union pioneers, and our commitment to their vision continues today. We offer insurance and protection for credit unions, employees and members; lending solutions and marketing programs; TruStage®-branded consumer insurance products; and investment and retirement services to help our customers succeed. More information is available on the company’s website at www.cunamutual.com.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wis.
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