NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life announced today it has been named 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. As one of only three honorees in the life insurance industry, the acknowledgement underscores the company’s continued commitment to leading with integrity and prioritizing ethical business practices.
Pacific Life was evaluated on five key categories: its compliance and ethics program; corporate citizenship; culture of ethics; corporate governance; and leadership, innovation and reputation. This marks the company’s first recognition from the Ethisphere Institute.
“We are honored to be named one of the 2018 World’s Most Ethical Companies,” said Jim Morris, chairman, president and CEO of Pacific Life. “This recognition underscores Pacific Life’s dedication to living our core values every day, and our commitment to doing the right thing in all aspects of our business, demonstrating honesty, fairness, and respect.”
The World's Most Ethical Companies scoring assessment is based upon the Ethisphere Institute’s Ethics Quotient® 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.
Pacific Life will be presented with the award on March 13 at the World’s Most Ethical Companies Gala in New York City. For more information about Ethisphere, please visit https://ethisphere.com.
About Pacific Life
Celebrating its 150th anniversary in 2018, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit www.PacificLife.com. To explore the heritage of Pacific Life and learn more about our history, visit www.pl150years.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2017 is compiled by Pacific Life using the 2017 FORTUNE 500® list.