Old National Named a 2017 World's Most Ethical Company
Evansville, Ind. – March 13, 2017 – Old National Bank (NASDAQ: ONB), has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2017 World’s Most Ethical Company®.
Old National has been recognized for six consecutive years and is one of only three in the Banking category and one of only two US banks underscoring their commitment to leading ethical business standards and practices.
“The fact that Old National has now earned this distinction every year since 2012, during a time of incredible scrutiny for banks and the financial industry, further demonstrates Old National’s commitment to ethics and transparency,” said Bob Jones, Old National Bank Chairman and CEO. “We are truly honored to receive this award for the sixth consecutive year.”
Twenty-seventeen is the eleventh year that Ethisphere has honored those companies who recognize their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture as an underpinning to the decisions they make every day.
“Over the last eleven years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at Old National 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 which 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.
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