MADISON, Wis. (3/28/13)--CUNA Mutual Group was identified as one of the most ethical companies in the world, according to an international organization that rates companies' business ethics and corporate social responsibility.
The organization, Ethisphere, cited CUNA Mutual Group along with 140 other companies from three dozen industries as the World's Most Ethical Companies for outperforming their industry peers in ethical behavior.
"CUNA Mutual Group is being recognized for its credit union advocacy, commitment to ethics, and compliance and community involvement," Ethisphere officials said.
"It's an honor to be recognized for walking the talk on our commitment to corporate responsibility and ethics in business," said Steve Koslow, senior vice president, chief ethics and compliance officer, CUNA Mutual Group.
Companies from more than 100 countries and 36 industries were reviewed. This year's listed totaled 14 new honorees, including CUNA Mutual Group.
"Not only were there more applicants for the World's Most Ethical Companies recognition this year than any year in the past, but we are also seeing more companies be proactive and create new initiatives that expand ethics programs and cultures across entire industries," said Alex Brigham, Ethisphere executive director.
Ethisphere reviewed codes of ethics, litigation and regulatory infraction histories; investment in innovation and sustainable business practices; activities designed to improve corporate citizenship; and nominations from senior executives, industry peers, suppliers and customers.