CHICAGO — Health Care Service Corporation, the largest customer-owned health insurer in the US, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2024 World's Most Ethical Companies.
This marks the ninth consecutive year that HCSC has received the honor. HCSC is among 136 companies recognized this year spanning 20 countries and 44 industries. Ethisphere’s 2024 World’s Most Ethical Companies Honorees outperformed a comparable index of global companies by 12.3 percentage points from January 2019 to January 2024.
"At HCSC we are committed to excellence, and our employees live out that commitment every day,” said Tom Boras, Senior Vice President and Chief Ethics, Compliance and Privacy Officer at HCSC. “Members, customers, providers and other stakeholders depend on us to operate with their best interests top of mind, and this continued recognition by Ethisphere validates that we are operating on a world-class level.”
“It’s always inspiring to recognize the World’s Most Ethical Companies. Through the rigorous review process, we see the dedication of these organizations to continually improving their ethics, compliance, and governance practices to the benefit of all stakeholders,” said Erica Salmon Byrne, Ethisphere’s Chief Strategy Officer and Executive Chair. “Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow. Congratulations to HCSC for achieving this honor and demonstrating that strong ethics is good business.”
The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, & inclusion; and initiatives that support a strong value chain. To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at https://worldsmostethicalcompanies.com/honorees.
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About Health Care Service Corporation
Health Care Service Corporation is the country's largest customer-owned health insurer, serving more than 22 million people across the United States. HCSC provides coverage options for employers large and small, individuals and families, and Medicare and Medicaid plans. HCSC also offers related health care products and services such as pharmacy solutions, life and dental insurance, and health technology through a network of affiliates and subsidiaries. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross Blue Shield Association.