Thrivent named one of world’s most ethical companies for ninth year in a row

26 February 2020


ICMIF member Thrivent (USA), has been recognized by Ethisphere, a global organisation which aims to define and advance the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies. This recognition honours those companies that take the long view with a purpose-based strategy and strive to create positive change throughout their various communities around the world.

This is the ninth year in a row that Thrivent has been recognized in this way and the organisation is one of only five honourees in the financial services industry. In 2020, 132 honourees were recognised spanning 21 countries and 51 industries.

“We’re honoured to be named one of the World’s Most Ethical Companies for the ninth year in a row,” said Terry Rasmussen, President and CEO of Thrivent and also former ICMIF Board Member. “It’s a testament to our ethical culture of doing the right thing for our customers so we continue to earn their trust and confidence. I’m grateful for our employees who make a daily commitment to put our values into action. It’s because of them that we’re able to fulfil our promise of helping people achieve financial clarity, enabling lives full of meaning and gratitude.”

“Congratulations to everyone at Thrivent for earning this recognition,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good.”

Methodology & scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions across five 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). The process offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner. It also serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of leading companies.


The full list of the 2020 World’s Most Ethical Companies can be found here.

For member-only strategic content on the cooperative/mutual insurance sector, ICMIF members have exclusive access to a range of online resources through the ICMIF Knowledge Hub.

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