NEW YORK--(BUSINESS WIRE)--TIAA, a leading financial services provider, today announced its fourth consecutive annual recognition as one of the 2018 World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
This year, 135 honorees, spanning 23 countries and 57 industries, were recognized for their commitment to transparency, diversity and inclusion, measuring and improving culture and leading authentically. All had record levels of involvement with their stakeholders and the communities they serve.
“It is an honor to be named a World’s Most Ethical Company® for the fourth consecutive year,” said Rohan Kohli, chief compliance and ethics officer of TIAA. “This recognition is a tribute to the more than 16,000 TIAA employees who are passionate about living our values and achieving our mission, while putting our clients first in all they do.”
“I am proud to come to work every day with colleagues who are dedicated to helping our clients in education, healthcare and other nonprofit professions succeed,” said Roger W. Ferguson, Jr., president and CEO of TIAA. “As we celebrate our centennial year, this recognition affirms our mission of serving those who have dedicated their lives to making a difference in this world, and to helping deliver the financial outcomes they deserve.”
The World's Most Ethical Companies 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 manner. 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 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
The full list of the 2018 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
TIAA (www.tiaa.org) is a unique financial partner. TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $1 trillion in assets under management1 (as of 12/31/2017) and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services.
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 and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.
1 Based on assets under management across Nuveen Investments affiliates and TIAA investment management teams.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.
2018 Teachers Insurance and Annuity Associations-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017