Northern Trust Named to 2016 “World’s Most Ethical Companies” List by Ethisphere Institute
Additional honors from fortune and national association for female executives
CHICAGO, MARCH 15, 2016 /3BL Media/ — Northern Trust has been recognized for the third consecutive year by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World’s Most Ethical Companies honoree.
“It is an honor for Northern Trust to receive this designation from the Ethisphere Institute,” Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. “We are committed to serving our clients, communities and each other with the highest levels of service, expertise and integrity.”
This year marks the tenth anniversary of Ethisphere and the World’s Most Ethical Companies designation which recognizes those companies that 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.
"Northern Trust puts its values into action by operating as a responsible corporate citizen, helping create a sustainable business advantage,” Ethisphere Chief Executive Officer Timothy Erblich said. “Their leadership stands out in how they work to improve the communities in which they operate. Congratulations to everyone at Northern Trust for being recognized as a 2016 World's Most Ethical Company.”
Northern Trust is consistently recognized for exemplary business practices and was recently named to FORTUNE Magazine’s “World’s Most Admired Companies” list for the tenth consecutive year. Northern Trust was also recognized by the National Association for Female Executives (NAFE) for the seventh consecutive year as a Top 50 Company for Executive Women.
“Northern Trust’s commitment to our guiding principles of service, expertise and integrity remains a differentiator for our firm,” said Connie Lindsey, Northern Trust head of Corporate Social Responsibility and Global Diversity & Inclusion. “Our clients, prospects, employees and other stakeholders benefit from this commitment as Northern Trust develops products and services to serve evolving needs while encouraging Diversity & Inclusion initiatives and supporting best-in-class nonprofits around the globe. Recognition of our efforts by Ethisphere, FORTUNE Magazine and NAFE are great testaments to this work and we are proud to receive them.”
For the full list of the Ethisphere Institute’s 2016 World’s Most Ethical Companies, please visit http://worldsmostethicalcompanies.ethisphere.com/honorees/.
The 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.
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.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$875 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.
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