Arthur J. Gallagher & Co. Named A 2016 World's Most Ethical Company By The Ethisphere Institute For The 5th Year
Arthur J. Gallagher & Co. has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World's Most Ethical Company®.
This year marks the 10th 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.
Gallagher has been recognized by Ethisphere for five consecutive years and is the only insurance broker to achieve this distinction. This recognition underscores Gallagher's unwavering commitment to leading ethical business standards and practices.
"Our company is honored and humbled to receive the World's Most Ethical Companies designation for the fifth consecutive year," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "My thanks go to our employees, who remain committed to the highest levels of integrity, business ethics, client service and social responsibility. This recognition serves as further validation that our enduring core values and unique corporate culture are true differentiators and provide a competitive advantage in the marketplace."
"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 Arthur J. Gallagher & Co. for being recognized as a World's Most Ethical Company."
Methodology & Scoring
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/
About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. (NYSE: AJG), an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 31 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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.
Click here to view a video of CEO Pat Gallagher, Corporate Vice President of Ethics and Sustainability Tom Tropp and Corporate Vice President and Chief Compliance Officer Sarah DiLorenzo discussing the importance of being an ethical company and Gallagher's 2016 Ethisphere award.