Gallagher earns World’s Most Ethical honour for 10th year
Published 24 February 2021
Gallagher is extremely proud to have been recognised as one of the World’s Most Ethical Companies by global arbiter Ethisphere for the 10th consecutive year. We are the only insurance broker in the world to have received this honour.Ethisphere, an international leader in defining and advancing the standards of ethical business practices, selected Gallagher as one of 135 honourees from 22 countries and 47 industries.
“While addressing the tough challenges of 2020, we saw companies lead – above all other institutions – on earning the trust of stakeholders through resilience and a commitment to ethics and integrity,” said Ethisphere CEO Timothy Erblich.
“The World’s Most Ethical Companies honourees continue to demonstrate an unwavering commitment to the highest values and positively impacting the communities they serve. Congratulations to everyone at Gallagher for earning the World’s Most Ethical Companies designation.”
Companies apply for inclusion by answering a questionnaire, which this year included questions on adapting and responding to the global health pandemic; environmental, social and governance factors; safety; equity and inclusion and social justice. The assessment process includes more than 200 data points and the results are disclosed to the participating companies who can use these benchmarks to improve their programs.
“We are truly honoured to again be recognised as one of the World’s Most Ethical Companies. Since 1927 we have had a unique culture rooted in integrity, empathy and respect which is the heart of our entire organisation. In an extraordinary year, 2020 brought more change than anyone could have anticipated — but it did not change our values and ethics, which are crucially important to our customers. The announcement highlights our commitment to making people, communities and businesses a priority and helps them face their future with confidence.”
J Patrick Gallagher Jr, Gallagher Chairman, President and CEO
Ethical values embedded in the Gallagher culture
According to Ethisphere’s Ethics Index, the publicly listed 2021 World’s Most Ethical Companies honourees outperformed a comparable index of large cap companies by 7.1 percentage points from January 2016 to January 2021. These statistics serve to highlight that the values and practices of the honouree companies are deeply embedded in their business culture and operations. The full list of the 2021 World's Most Ethical Companies can be found is available on the Ethisphere website.
“We are extremely proud to be recognised by the Ethisphere Institute for the 10th consecutive year,” says Thomas J Tropp, Gallagher Global Chief Ethics Officer. “This designation affirms our culture of ethics, and the shared values we call The Gallagher Way – a code of 25 tenets that help inform all of our employees’ actions every day.”
The Gallagher Way has been consistently referenced in J Patrick Gallagher Jr’s regular communications with all employees throughout 2020, encouraging mutual support and cohesion during difficult times.
These tenets are an articulation of professional values first recorded in 1984 by our then chairman, Robert E Gallagher. They’re observed in every Gallagher office around the world, informing the direction of our company, our approach to corporate social responsibility and the actions we undertake every day between clients and our colleagues. During recent times they are more important than ever, distinguishing Gallagher from every other insurance broker.
As an organisation, we’re thrilled to have marked a decade of inclusion on the Ethisphere World’s Most Ethical Company list.