Recognition demonstrates TIAA’s commitment to ethics
New York, March 7, 2016 – TIAA, a leading financial services provider, today announced its recognition as a 2016 World’s Most Ethical Company® by the Ethisphere Institute for the second straight year.
This year marks the tenth anniversary of Ethisphere and the World’s Most Ethical Companies designation which recognizes those companies who align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow’s best practices today. The Ethisphere Institute is the global leader in defining and advancing the standards of ethical business practices.
“TIAA exists to benefit our customers and to provide outcomes that help them succeed,” said Roger W. Ferguson, Jr., president and CEO of TIAA. “Our mission to serve, our ability to perform brilliantly and our values make us a unique and special financial services company. To be named a 2016 World’s Most Ethical Company® is an honor and reflects our employees’ dedication to acting with integrity, which ultimately safeguards our reputation and ability to deliver long-term results for our customers.”
“At TIAA, our employees are empowered and committed to do the right thing,” said Janice Innis-Thompson, chief compliance and ethics officer of TIAA. “Our Code of Business Conduct and the shared values that guide our employees promote personal ownership and accountability of high ethical standards. Embracing these standards is who we are every day throughout the year.”
"Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage," explained Ethisphere’s Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at TIAA for being recognized as a World's Most Ethical Company."
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere’s World’s Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. 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%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
The full list of the 2016 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/ .
TIAA (TIAA.org) is a unique financial partner. With an award-winning track record for consistent investment performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $854 billion in assets under management (as of 12/31/2015) and offers a wide range of financial solutions, including investing, banking, advice and guidance, 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. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere magazine. More information about Ethisphere can be found at: http://ethisphere.com .