Core Philosophy - Givingism is a philosophy of prosperity rooted in giving, where decisions are made through care so that everyone prospers [6][11] - The core principle is to help others prosper, recognizing that prosperity gained by harming someone isn't prosperity at all [7][8][9] - The industry should shift from asking "how do I get ahead" to "how do we all get ahead" [11] Business Practices - Business should focus on people, not just money, as prosperity grows for everyone when people become the focus [4] - Companies should prioritize care for employees, vendors, distributors, and even competitors [4] - Love in business means no cutting corners, no deception, and no taking advantage [7] - Companies should avoid opportunities that would crush another business, even if it means foregoing millions in profit [7] Employee Welfare - Companies can create education funds for employees, such as a $5,000 annual fund, regardless of whether they stay with the company [8] Impact and Vision - When companies help others win, they also win, emphasizing the importance of giving [10] - The industry should measure economic health not just by GDP, but by how many people are truly thriving [10] - Prosperity thinking suggests that everyone rises when they lift each other up [10]

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Global Ethics Day 2025, with the theme “ethics reenvisioned,” is being celebrated today, Oct. 15, 2025. Today presents an ideal opportunity to consider that ethical leadership is more than simply doing the right thing; it’s about doing the smart thing, as integrity is the ultimate competitive advantage. CFOs can be a beacon of ethical behavior by preaching the importance of et ...

Core Insights - First Pacific Bank has been named a finalist for the 2025 BBB Torch Awards for Ethics, highlighting its commitment to integrity in business practices [1][2] - The recognition emphasizes the importance of ethical decision-making and strong relationships in banking, as stated by the bank's President and CEO Nathan Rogge [2] - The BBB Torch Awards for Ethics aims to recognize businesses that demonstrate outstanding ethical practices across various categories [3] Company Overview - First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp, operating as a community bank in Southern California since 2006 [6] - The bank focuses on providing personalized services to individuals, professionals, and small-to-medium sized businesses, with locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire [6] Awards and Recognition - The BBB Torch Awards for Ethics evaluates finalists based on their commitment to ethics and trust in four categories: Character, Culture, Customers, and Community [3] - The awards ceremony will take place on September 9, 2025, where one winner from each category will be announced [5]

Core Insights - Sodexo has been recognized as one of the World's Most Ethical Companies for the second consecutive year, highlighting its commitment to business integrity and ethical practices [1][2][3] Company Overview - Founded in 1966 in Marseille, Sodexo is a global leader in sustainable food and facilities management services, focusing on improving quality of life and contributing to social and environmental progress [9] - As of August 31, 2024, Sodexo employs 423,000 people and serves 80 million consumers daily across 45 countries [13] Recognition Details - In 2025, a total of 136 companies were recognized across 19 countries and 44 industries, with Sodexo being the only honoree in the food service industry [2] - The recognition is based on a comprehensive evaluation across five categories, reflecting the company's strong ethical principles and behaviors [2] Performance Metrics - The 2025 honorees outperformed a comparable index of global companies by 7.8 percentage points from January 2020 to January 2025, indicating a positive correlation between ethical practices and business performance [4] Methodology - The assessment for the World's Most Ethical Companies is based on Ethisphere's proprietary Ethics Quotient, which requires over 240 proof points on various ethical practices and governance [5] Company Financials - For fiscal 2024, Sodexo reported consolidated revenues of 23.8 billion euros and had a market capitalization of 11.7 billion euros as of January 6, 2025 [13]