Eight companies with U.S. mutual fund or ETF businesses remain among the 136 most ethical companies in the world, according to a company that specializes in corporate standards.

On Tuesday (March 11), Erica Salmon Byrne, chief strategy officer and executive chair of Ethisphere, revealed the 2025 edition of the firm's list of the World's Most Ethical Companies. This is the 19th annual edition of the list, which is put together by the Ethisphere team after they evaluate company questionnaires covering more than 240 proof points on compliance, culture, ESG, and more.

This year's winners in the U.S. asset management business include: six-time winner Allianz Life Insurance Company of North America; eight-time winner BMO; 16-time winner Hartford; 14-time winner Principal; 11-time winner Prudential (parent of PGIM); 14th-time winner Thrivent; 11-time winner TIAA (parent of Nuveen); and 12-time winner Voya.

"These organizations understand that strong ethics is good business. Integrity-driven companies outperform financially, create talent-rich work environments, and build trust," Salmon Byrne states. "For the many years that Ethisphere has tracked the equity performance of public honoree companies, the Ethics Premium has shown consistently that the programs and practices behind a World's Most Ethical Companies recognition are also market-tested for success."

"The Ethics Premium proves without a doubt that strong ethics really is good buisness," Salmon Byrne adds.

Ethisphere's 2025 list of ethical companies also includes at least five U.S. retirement plan recordkeepers, as highlighted by our sister publication 401kWire. 

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