Blue Shield of California has been recognized as one of the 2019 World’s Most Ethical Companies by the Ethisphere Institute, the global leader in defining and advancing the standard of ethical business practices. The distinction honors companies who recognize their critical role to influence and drive positive change in the business community and societies around the world.
“As a nonprofit health plan, our customers, providers and stakeholders hold us to a high standard and expect us to be open, transparent and fair,” said Paul Markovich, Blue Shield’s CEO and president. “I’m pleased to receive this third-party recognition that confirms we’re an organization that is leading the way in ethical business practices. The commitment of our employees to do the right thing every day made this accomplishment possible.”
This is the seventh time Blue Shield has been recognized by Ethisphere as one of the World’s Most Ethical Companies. As one of the largest health plans in California, serving 4 million members in the state, Blue Shield is committed creating a health care system worthy of our family and friends that is sustainably affordable. Receiving this distinction highlights our employees’ dedication to achieving this goal with integrity.
In 2019, 128 honorees were recognized spanning 21 countries and 50 industries. This class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
“Today, employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last,” said Timothy Erblich, Ethisphere’s CEO. “I congratulate everyone at Blue Shield for earning this recognition.”
Methodology & Scoring
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), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership 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 2019 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
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.
About Blue Shield of California
Blue Shield of California strives to create a health care system worthy of our family and friends that is sustainably affordable. We are a not for profit, independent member of the Blue Cross Blue Shield Association with care for four million members, 6,800 employees and more than $20 billion in annual revenue. Founded in 1939 and headquartered in San Francisco, Blue Shield of California and its affiliates provide health, dental, vision, Medicaid and Medicare health care service plans in California. The company has contributed more than $500 million to Blue Shield of California Foundation since 2002 to have an impact on California communities.
For more news about Blue Shield of California, please visit www.news.blueshieldca.com.