U.S. Bank has been named one of the World’s Most Ethical Companies by Ethisphere for the 11th consecutive year, the company announced Tuesday.

The Minneapolis-based bank is one of 137 organizations across 18 countries to receive the designation, which recognizes corporate integrity and ethical business practices. U.S. Bank is one of four honorees in the banking category and the only U.S.-based bank to have made the list for 11 straight years.

“Our employees are focused every day on doing the right thing for our clients, communities and shareholders,” said Andy Cecere, U.S. Bank chairman and CEO. “Their efforts and their commitment to integrity earned this honor, and I am proud of what we have accomplished as an organization.”

The recognition is based on Ethisphere’s Ethics Quotient assessment, which evaluates companies on governance, compliance programs, corporate culture and ethical leadership. The process involves a detailed review of more than 240 data points and is vetted by a panel of experts.

Erica Salmon Byrne, Ethisphere’s chief strategy officer and executive chair, noted the importance of ethical leadership in today’s business environment. “Companies that prioritize ethics build trust with employees, customers, and stakeholders,” Byrne said. “U.S. Bank’s consistent recognition reflects its ongoing commitment to high standards.”

U.S. Bancorp, the parent company of U.S. Bank, serves millions of customers globally and reported $678 billion in assets as of Dec. 31, 2024. The company has been recognized for its digital innovation, community partnerships and customer service.

Ethisphere, a global organization that promotes ethical business standards, has been compiling the World’s Most Ethical Companies list since 2007. More information about the 2025 honorees is available on Ethisphere’s website.