Pittsburgh (PRWEB) May 31, 2007
The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it has been named one of the World's Most Ethical Companies by Ethisphere Magazine, a national publication dedicated to illuminating the correlation between ethics and profit. PNC is one of four financial services companies around the world to make the list.
"At PNC, our ethics and core values are the guiding principles by which we do business," said Tom Whitford, chief administrative officer at PNC. "We are pleased by this recognition by Ethisphere, but we recognize that strong corporate ethics require an ongoing effort by all employees."
PNC was one of 92 companies around the world selected for the list. Ethisphere magazine analyzed the companies over a six-month time period on a variety of factors, including companies' codes of ethics; litigation and regulatory infraction histories; investment in innovation and industry leadership; corporate citizenship, pan-industry effort participation; governance and transparency; public and trade partner perception analysis and ethics/compliance programs and systems.
"This was a rigorous process that identified a select group of companies that were unequaled in their industries for their commitment to ethical leadership and corporate social responsibility. These organizations go beyond making statements about doing business ethically; they translate those words into action," said Alex Brigham, executive editor of Ethisphere Magazine.
Ethisphere Magazine offers insight on gaining market share and creating sustainable competitive advantage through ethical business practices and corporate citizenship to global Board members, CEOs, General Counsel, Chief Ethics and Compliance Officers and institutional investors.
The Ethisphere Council was created in 2006 by Corpedia, a leader in risk assessment and eLearning for ethics and compliance, the Practising Law Institute, a non-profit organization committed to enhancing the professionalism of attorneys and others and LexisNexis, a leading provider of comprehensive information and business solutions; and formed with support from such leading corporations as Deutsche Telekom, Time Warner, Dresser Industries, Avaya and Kraft, the council is dedicated to the research, creation, and sharing of best practices in ethics, compliance, and corporate governance among its membership companies. It also focuses on the development and advancement of its members through increased efficiency, innovation, tools, mentoring, advice, and unique career opportunities. More information on membership can be found at http://www.ethisphere.com.
The PNC Financial Services Group, Inc. (http://www.pnc.com) is one of the nation's largest diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
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