PORTLAND, ORE., Feb. 26, 2019 (GLOBE NEWSWIRE) -- Cambia Health Solutions, a family of health care companies serving over 70 million Americans nationwide, has been recognized by the Ethisphere® Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies.
This marks Cambia’s second distinction in two years, one of only four honorees in the health insurance category in 2019.
In 2019, 128 honorees were recognized spanning 21 countries and 50 industries. The thirteenth 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.
“There is no such thing as perfection when it comes to ethics, it’s something you have to work at every day and create an environment where it’s safe to do the right thing,” said Mark Ganz, President and CEO of Cambia Health Solutions. “We’re honored by this recognition and I’m proud of the employees of this company who hold each other accountable to our values, make good ethical decisions and act with integrity each day.”
“Today, employees, customers 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 Ethisphere’s Chief Executive Officer, Timothy Erblich. “I congratulate everyone at Cambia Health Solutions for earning this recognition.”
Ethics & Performance
Ethisphere’s annual practice of tracking how the stock prices of publicly traded honorees compare to the Large Cap Index found that listed 2019 World’s Most Ethical Companies outperformed the large cap sector over five years by 14.4 percent and over three years by 10.5 percent.
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.¬¬Honorees The full list of the 2019 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
Best practices and insights from the 2019 honorees will be released in a report and webcast in March and April of this year.
About Cambia Health Solutions
Cambia Health Solutions, headquartered in Portland, Oregon, is dedicated to transforming health care. We are a family of over 20 companies that work together to make the health care system more economically sustainable and efficient for people and their families. Our solutions empower more than 70 million Americans nationwide, including more than two million people in the Pacific Northwest who are enrolled in our regional health plans. Cambia is a total health solutions company that is deeply rooted in a 100-year legacy of transforming the industry and the way people experience health care. And we’re committed to delivering a seamless, personalized health care experience for the next 100 years. For more information visit CambiaHealth.com
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.
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