Company recognized by Ethisphere for the fifth year in a row for commitment to business integrity
MINNEAPOLIS – March 4, 2024 – Allianz Life Insurance Company of North America (Allianz Life) has been recognized as one of the 2024 World’s Most Ethical Companies® by Ethisphere for the fifth year in a row. This recognition underscores the company’s commitment to responsible business practices and building a more sustainable future.
In 2024, 136 companies from 20 countries and 44 industries were recognized for demonstrating a commitment to business integrity through robust ethics, compliance, and governance programs.
“Ethics and integrity are the foundation of how we do business at Allianz Life,” said Jasmine Jirele, president and CEO, Allianz Life. “Leading with integrity builds trust with our customers, empowers our employees and ensures the longevity of our mission. We are proud to again be recognized for our efforts.”
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 practices; ethics and compliance program; diversity, equity, & 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.
In addition to the many initiatives highlighted in the application, Allianz Life’s “Hear Me” campaign emphasizes the company’s culture of ethics. The “Hear Me” campaign is designed to empower employees to feel safe to share their ideas, thoughts and opinions by focusing on three principles: everyone deserves to be heard; employees don’t always have to agree; and no one should be penalized or criticized. One of the benefits of the campaign allows for decision making to be made by those closest to the work and allows us to keep moving forward at record breaking speeds.
“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, chief strategy officer and executive chair, Ethisphere. “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 Allianz Life for achieving this honor and demonstrating that strong ethics is good business.”
About Ethisphere
Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, deliver business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies build strong cultures of ethics and integrity. 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 Ethisphere Magazine. Ethisphere also advances business performance through data-driven assessments, guidance, and benchmarking against its unparalleled data: the Culture Quotient dataset reflecting the ethical business practices of 3+ million employees around the world; and the Ethics Quotient dataset, featuring 240+ data points on the ethics, compliance, social, and governance practices of the World’s Most Ethical Companies. For more information, visit https://ethisphere.com.
“World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
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FAQs
Company recognized by Ethisphere for the fifth year in a row for commitment to business integrity. MINNEAPOLIS – March 4, 2024 – Allianz Life Insurance Company of North America (Allianz Life) has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere for the fifth year in a row.
What does worlds most ethical companies mean? ›
What does it mean to receive World's Most Ethical Companies designation? For many honorees, it is the highest level of external validation for a years-long campaign to develop best-in-class business integrity practices.
Is the Hershey company named among the world's most ethical companies? ›
HERSHEY, PA / ACCESSWIRE / March 29, 2024 / For the second year in a row, The Hershey Company has been recognized among the World's Most Ethical Companies as rated by Ethisphere, a global leader in advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business ...
What is the most ethical business? ›
PepsiCo - 16 Times Honoree
There's little more to say about one of the world's most ethical companies. Managing a formidable beverage and food portfolio. PepsiCo puts sustainability at the center of its growth and creating value.
Who is Allianz owned by? ›
The parent company, Allianz SE, is headquartered in Munich, Germany. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management.
Is Allianz a good life insurance? ›
Headquartered in Munich, Germany, Allianz is the #1 insurance brand according to the Interbrand rankings and among the most sustainable global insurers. Founded in 1916, the Philippine National Bank is one of the largest banks in the country.
What is the biggest ethical issue today? ›
Harassment and Discrimination in the Workplace
Harassment and discrimination are arguably the largest ethical issues that impact business owners today. Should harassment or discrimination take place in the workplace, the result could be catastrophic for your organization both financially and reputationally.
What is the least ethical Company? ›
The top ten least ethical companies as voted for by Ethical Consumer readers were:
- Nestlé
- Monsanto.
- Amazon.
- Shell.
- Tesco.
- Barclays.
- Exxon.
- Wal Mart (former owner of Asda)
There are also six companies—Aflac, Ecolab, International Paper, Kao Corporation, Milliken & Company, and PepsiCo—that have been recognized 18 times, every year since the inception of the World's Most Ethical Companies® in 2007.
Does a Chinese company own Hershey? ›
The Hershey Company, often called just Hershey or Hershey's, is an American multinational confectionery company headquartered in Hershey, Pennsylvania, United States, which is also home to Hersheypark and Hershey's Chocolate World.
Hershey Faces Boycott Calls Over Trans Woman in International Women's Day Campaign. Online critics are making calls to boycott Hershey after a trans woman was included on the chocolate bar's wrappers for its International Women's Day campaign in Canada.
Did Nestle buy Hershey? ›
The Hershey Trust has interests in both companies and there is some overlap when it comes to the Board of Directors in both companies . Still, they are essentially independent of each other. Hershey's Chocolate World which is adjacent to the amusem*nt park is owned by The Hershey Company.
What are the big 5 ethics? ›
The Five Factor Model of Personality and Ethical Reasoning
The Big Five model includes five distinct factors, labeled as Extraversion, Agreeableness, Neuroticism, Conscientiousness, and Openness to experience.
What are the 7 business ethics? ›
The seven business ethics principles are accountability, care and respect, honesty, healthy competition, loyalty and respect for commitment, information, respect for rule of law.
What are 3 ethical concerns that businesses face today? ›
The most commonly experienced ethical issues include discrimination, harassment, unethical accounting, technological abuse, data privacy, health and safety, and favoritism and nepotism. Most of these concerns are experienced in workplaces.
What is the reputation of Allianz? ›
Allianz Insurance has an 'Excellent' Trustpilot rating of 4.5 out of five, based on more than 17,100 reviews.
Is Allianz a good company? ›
The “A+” rating assures prospective customers that Allianz is capable of offering guaranteed, secure coverage from a trustworthy and reputable carrier. Established in 1899, AM Best is one of the oldest rating companies in the world.
Is Allianz a prestigious company? ›
Allianz Commercial is proud to announce that is has been awarded Chartered Insurer Status for 2023. The prestigious accreditation, awarded by the Chartered Insurance Institute (CII), is given to organisations in recognition of their commitment to excellence and professionalism.
Is Allianz an ESG? ›
Sustainable or impact investing private markets strategies apply the Allianz ESG Integration Framework exclusions. Allianz Global Investors supports the UN Sustainable Development Goals (SDGs). ESG: Environmental, Social and Governance. SRI: Sustainable and Responsible Investing.
