Blue Shield of California Named One of the World’s Most Ethical Companies for 11th Time | Blue Shield of California

OAKLAND, California (March 13, 2023) – Blue Shield of California has been recognized as one of the world’s most ethical companies through 2023 Etisphere, a world leader in defining and advancing the standards of ethical business practices.

For 11 of the past 12 years – the not-for-profit health plan has received this designation. In 2023, Ethisphere recognized 135 organizations across 19 countries and 46 industries.

“Blue Shield of California’s ongoing commitment to ethical behavior is the foundation of our company’s values ​​of being human, fair and courageous,” said Venetia Marshall, vice president, chief risk and compliance officer, Blue Shield of California. “It’s how our more than 7,800 employees focus on ‘doing the right thing’ in serving our members, customers and communities.”

Blue Shield is a not-for-profit health plan driven by its mission of providing access to high-quality healthcare that is sustainably affordable for everyone. The company and its employees also remain at the forefront of addressing major health and social issues.

Ethisphere’s World’s Most Ethical Companies rating covers more than 200 questions about culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operational framework to capture and codify the leading practices of organizations across industries and around the world.

“Ethics are important. Organizations that are committed to business integrity through robust programs and practices not only raise standards and expectations for everyone, but also perform better over the long term,” said Erica Salmon Byrne, CEO of Ethisphere. “We continue to be inspired by the winners of the world’s most ethical companies and their commitment to making real impact for their stakeholders and demonstrating exemplary, values-based leadership. Congratulations to Blue Shield of California for earning a place in the World’s Most Ethical Companies community.”

The full list of the 2023 World’s Most Ethical Companies can be found here here.

About Blue Shield of California

Blue Shield of California is committed to creating a health care system that is worthy of its family and friends and that is sustainably affordable. Blue Shield of California is a tax-paying, non-profit, independent member of the Blue Shield Association with more than 4.7 million members, more than 7,800 employees and more than $22.9 billion in annual revenue. Founded in 1939 in San Francisco and now headquartered in Oakland, Blue Shield of California and its affiliates offer health care, dental, vision, Medicaid and Medicare plans in California. The company has contributed more than $192 million to the Blue Shield of California Foundation over the past five years to impact California communities.

For more Blue Shield of California news, visitnews.blueshieldca.com.

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About Ethisphere

Ethisphere is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, market confidence and business success. Ethisphere has deep expertise in measuring and defining core ethical standards using data-driven insights that help companies strengthen corporate character. Ethisphere rewards superior performance through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases ethics trends and best practices with Ethisphere Magazine. Ethisphere also helps improve business performance through data-driven assessments, guidance and benchmarking against its unparalleled data: the Culture Quotient dataset focused on ethical culture and featuring the responses of more than 2 million employees around the world; and the Ethics Quotient dataset, with more than 200 data points highlighting the ethics, compliance, social and governance practices of the world’s most ethical companies. For more information visit https://ethisphere.com.

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