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Wednesday, March 6, 2024

2024's Eight Most Ethical Fund Firms

Reported by Neil Anderson, Managing Editor

Eight companies with U.S. mutual fund or ETF bsuinesses (down from nine last year) are among the 136 most ethical companies in the world this year, according to a company that specializes in corporate standards.

James E. "Jim" Davey
Hartford Funds
On Monday, Erica Salmon Byrne, chief strategy officer and executive chair of Ethisphere, revealed the 2024 edition of the firm's list of the World's Most Ethical Companies. This is the 18th annual edition of the list, which is put together by the Ethisphere after they evaluate company questionnaires covering more than 240 proof points on culture, ESG, DEI, compliance, and more.

This year's winners in the asset management business include: five-time honoree Allianz Life; seven-time honoree BMO; 15-time honoree the Hartford; 13-time honoree Principal; 10-time honoree Prudential (parent of PGIM); 13-time honoree Thrivent; 10-time honoree TIAA (parent of Nuveen); and 11-time honoree Voya.

"Every day, businesses must earn and keep the trust of stakeholders, from employees and investors, to regulators, and others," Salmon Byrne states. "By leading with business integrity — and investing in strong governance, an ethical culture, corporate citizenship, and compliance — organizations not only build trust, but also outperform."

Ethisphere's 2024 list of ethical companies also includes at least five players with retirement plan recordkeeping business, as highlighted by our sister publication 401kWire

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