Chattanooga, TN – March 15, 2022 – Unum (NYSE: UNM) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies®.
In 2023, 135 honorees were recognized spanning 19 countries and 48 industries. Among these honorees, Unum scored above average ratings in the categories of Ethics & Compliance, Corporate Governance, Culture of Ethics and Leadership & Reputation.
“We fulfill our purpose of helping the working world thrive throughout life’s moments when we operate at the highest levels of trust and integrity,” said Rick McKenney, President and Chief Executive Officer of Unum Group. “Receiving this recognition demonstrates how our employees choose to do the right thing every day to support our customers and each other.”
Company Performance for Above Average Ratings
To achieve high ratings, Unum:
- Prepares an Environmental, Social, and Governance Report
- Maintains a Code of Conduct and confidential Ethics/Whistleblowing Hotline
- Focuses on Corporate Social Responsibility programs
- Leads an organizational-wide effort to bring inclusion and diversity across the company
- Supports a robust Data Loss Prevention Program
- Offers donations through a Social Justice program to help community organizations fight racism and injustice
- Participates in Corporate Compliance and Ethics Week
Ethisphere CEO, Erica Salmon Byrne said, “Ethics matter. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance.”
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.
To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at https://worldsmostethicalcompanies.com/honorees.
Ethisphere 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 Ethisphere Magazine. Ethisphere also helps to advance business performance through data-driven assessments, guidance, and benchmarking against its unparalleled data: the Culture Quotient dataset focused on ethical culture and featuring the responses of 2+ million employees around the world; and the Ethics Quotient dataset, featuring 200+ data points highlighting the ethics, compliance, social, and governance practices of the World’s Most Ethical Companies. For more information, visit https://ethisphere.com.
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About Unum Group
Unum Group (NYSE: UNM), an international provider of workplace benefits and services, has been helping workers and their families for 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support and behavioral health services. In 2022, Unum reported revenues of about $12 billion and paid $8 billion in benefits. The Fortune 500 company is one of the 2023 World’s Most Ethical Companies, recognized by Ethisphere®.