For the 10th consecutive year, U.S. Bank has been named one of the World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
Ethisphere recognized 136 honorees that span 20 countries and 44 industries. U.S. Bank is one of four honorees in the banking category and the only U.S.-based bank to be honored for 10 consecutive years. The listed 2024 World’s Most Ethical Companies® honorees outperformed a comparable index of global companies by 12.3% from January 2019 to January 2024.
“We believe an ethical culture drives results for our customers, communities and company, and we work hard to ensure we do the right thing in everything we do,” said Andy Cecere, chairman, president and chief executive officer. “I am proud of our team, and how each employee goes above and beyond to earn trust, build strong relationships, and ensure our commitment to integrity remains strong. This honor belongs to them.”
The World’s Most Ethical Companies assessment is grounded in Ethisphere’s proprietary Ethics Quotient®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, and inclusion; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year’s group of applicants. This process serves as an operating framework to capture and codify truly best-in-class ethics and compliance practices from organizations across industries and from around the world.
“It’s always inspiring to recognize the World’s Most Ethical Companies®. Through the rigorous review process, we see the dedication of these organizations to continually improving their ethics, compliance, and governance practices to the benefit of all stakeholders,” said Erica Salmon Byrne, Ethisphere’s chief strategy officer and executive chair. “Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow. Congratulations to U.S. Bank for achieving this honor and demonstrating that strong ethics is good business.”
