MISSISSAUGA, ON, March 26, 2014 /CNW/ - Express Scripts has been recognized as a 2014 World's Most Ethical Company® by the Ethisphere Institute, an independent centre of research promoting best practices in corporate ethics and governance.
"Millions of Canadians trust Express Scripts Canada to manage their prescription drug benefit, and we work to earn that trust with a steadfast commitment to ethical behaviour, good governance and topnotch service to clients and patients," said Michael Biskey, President, Express Scripts Canada. "While we are very proud to be honored by Ethisphere, we are even prouder of the work we do every day to promote better health decisions for patients, while managing the costs for patients and clients."
The award recognizes organizations that continue to raise the bar on ethical leadership and corporate behaviour. World's Most Ethical Company honorees understand the correlation between ethics, reputation and daily interactions with their brand. Express Scripts is one of only eight companies in the healthcare services industry and the only pharmacy benefit manager to be honored this year.
"The entire community of World's Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Express Scripts joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Express Scripts for this extraordinary achievement."
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization's performance in an objective, consistent and standardized way. 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. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere's network of thought leaders and from the World's Most Ethical Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).
The full list of the 2014 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
About Express Scripts Canada
Express Scripts Canada, a registered business name of both ESI Canada and Express Scripts Canada Services, each an Ontario partnership, is indirectly owned by Express Scripts Holding Company. From its corporate headquarters just outside Toronto, Express Scripts Canada transforms the way organizations and employees think about and participate in their drug benefit plan. Through its proprietary consumer intelligence, clinical expertise, and patients-first approach, Express Scripts Canada promotes better health decisions for plan members, while managing and reducing drug benefit costs for plan sponsors. For more information visit www.express-scripts.ca.
SOURCE ESI Canada