Awards and recognition
Third-party awards and/or rankings about entities within the Voya family of companies are given based upon various criteria and methodologies. Awards and/or rankings are not representative of actual client experiences or outcomes, and are not indicative of any future performance. For certain awards/rankings, Voya pays a fee to be considered. For material facts regarding an award, including but not limited to whether a fee was paid to be eligible for the award, please see below.
- Newsweek America’s Greatest Workplaces for Diversity 2023
- World’s Most Ethical Companies®, 2014-2022
- Great Place to Work®, 2016-2022
- Bloomberg Gender-Equality Index, 2017-2022
- Human Rights Campaign, Best Places to Work for LGBT Equality, Corporate Equality Index Perfect Score, 2006-2022
- Dow Jones Sustainability Index, 2016-2022
- Disability Equality Index – Best Place to Work for Disability Inclusion, 2018-2022
- Fortune Best Workplaces in Financial Services & Insurance™ 2022
- Pensions & Investments Best Places to Work in Money Management, 2015-2022
- S&P Global Sustainability Yearbook, 2019, 2021-2022
- Newsweek America’s Most Responsible Companies, 2020-2022
- JUST Capital 2022 America’s Most JUST Companies, 2018-2022
- DALBAR ESG Retirement Plan Certification, 5-star Rating for Voya’s 401(k) plans 2021-2022
- Mansfield Rule: Legal Department Edition Certification 2020-2022
- Corporate Governance Awards Best Proxy Statement (mid-cap) 2022
- Barron’s 100 Most Sustainable Companies, 2018-2021 (No. 5)
- Institutional Investor magazine’s 2022 All-America Executive Team 2021
- MSCI ESG Leaders Indexes (formerly MSCI Global Sustainability Indexes), 2015-2021
- Environmental Protection Agency Green Power Partnership Program, 2008-2021
- Environmental Protection Agency Green Power Partnership Fortune 500 partner, 2020-2021
- Global Purchasing Council EPEAT Purchaser Award, 2018-2021
- JUST Capital Top 100 U.S. Companies Supporting Healthy Families and Communities 2021
- Fortune World’s Most Admired Companies, 2018, 2020
- Forbes America’s Best Employers for Diversity 2020
- Caregiving.com’s Visionary Caregiving Organization of the Year 2020
- Disability:IN Inclusion Award, Marketplace Innovator of the Year 2020
- FTSE4GOOD Index Series, 2018-2020
- Forbes America’s Best Large Employers 2019
- Diversity Best Practices Inclusion Index 2019
- Working Mother 100 Best Companies 2019
- Forbes World’s Best Employer 2018
- National Association for Female Executives Top 70 Companies for Executive Women 2018
- Fortune Best Workplaces for Giving Back 2018
Newsweek America's Greatest Workplaces 2023 for Diversity: Voya Financial was recognized as one of America's Greatest Workplaces 2023 for Diversity by Newsweek in December 2022. Winners are selected on an annual basis. Voya did not pay to be considered for this recognition. The methodology is based on a three-part evaluation. The first part was a pre-study survey that asked HR professionals to identify current and future employee satisfaction drivers. The second phase was the main employee survey which asked for either a direct recommendation for a company they work for or an indirect recommendation for companies they've known as an employer. The independent study collected over 350,000 company reviews. During this survey, personal data was gathered which was then used to weigh responses from diverse target groups. Finally, through an extensive review and evaluation phase, desk research was completed to validate facts about employers, legal disputes (within the past 24 months) and media monitoring was conducted and a research jury validated the results.
World’s Most Ethical Companies: In 2022, Voya Financial was one of 136 companies recognized by Ethisphere® as one of the 2022 World’s Most Ethical Companies. The World’s Most Ethical Company assessment is based upon Ethisphere’s Ethics Quotient® framework, which offers a quantitative way to assess a company’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. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process. While Voya’s Senior Vice President of Corporate and Organizational Development sits on Ethisphere’s Equity and Social Justice Initiative Advisory Council, he plays no role in the selection process for the World’s Most Ethical Company award, but this fact has been disclosed to the extent it may be perceived as a possible conflict of interest. There is a processing fee of $3,500 USD to participate. There is also a licensing fee for use of the logo.
Great Place to Work: Voya Financial earned this recertification based on ratings provided by more than 1,700 of its employees in a survey administered by the Great Place to Work® Institute. Companies do pay a fee to the Great Place to Work Institute to conduct certification surveys.
Bloomberg Gender-Equality Index: Voya is one of 380 companies accepted to the 2022 Bloomberg Gender-Equality Index, which represents organizations from 50 industries with headquarters in 44 countries and regions. To qualify for the index, Voya disclosed details of its policies and practices with respect to how the company promotes gender equality across four separate areas – company statistics, policies, community engagement and products and services. Voya and other companies included in the 2022 Gender-Equality Index scored above a globally-established threshold, based on the extent of disclosures and the achievement of best-in-class statistics and policies.
Human Rights Campaign Best Places to Work: The Corporate Equality Index (CEI), administered by the Human Rights Campaign Foundation, evaluates LGBTQ-related policies and practices, including non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs, and public engagement with the LGBTQ community. Voya’s efforts in satisfying all of the CEI’s criteria earns it a “100 percent” ranking and the designation as a Best Place to Work for LGBTQ Equality.
Dow Jones Sustainability Index North America: Voya Financial was selected for inclusion in the 2022 Dow Jones Sustainability (DJSI) Index by the S&P Dow Jones Indices. Winners are selected on an annual basis. Voya did not pay to be considered for the recognition. Launched in 1999, the Dow Jones Sustainability Index (DJSI) is the first global index to track the leading sustainability-driven companies based on an analysis of financially material environmental, social, and governance (ESG) factors and S&P DJSI’s robust index methodology, which includes the annual S&P Global Sustainability Assessment (CSA) to evaluate more than 11,000 companies around the world.
Disability Equality Index: The Disability Equality Index® (DEI) is a national, transparent benchmarking tool that offers businesses an opportunity to self-report their disability inclusion policies and practices. It was developed by two national leaders, American Association of People with Disabilities and Disability:IN, in consultation with the appointed DEI Advisory Committee, a diverse group of experts in business, policy, and disability advocacy. The 2022 DEI measured culture and leadership; enterprise-wide accessibility; employment practices (benefits, recruitment, employment, education, retention and advancement, and accommodations); community engagement; and supplier diversity. In 2022, Voya Financial was one of 335 participating companies scoring 80% or higher.
Fortune’s Best Workplaces in Financial Services and Insurance: To determine the 2022 Fortune’s Best Workplaces in Financial Services and Insurance list, Great Place to Work® analyzed the survey responses of over 176,000 employees from Great Place to Work-Certified™ companies in the financial services and insurance industry in the U.S. Company rankings are derived from 75 employee experience questions within the Great Place to Work Trust Index™ survey. Great Place to Work determines its lists using its proprietary For All™ methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study, based on over 1 million survey responses and data from companies representing more than 6.1 million employees. To be considered, companies had to meet the Great Place to Work-Certified standard.
Best Places to Work in Money Management: Voya Investment Management was named to Pensions & Investments magazine’s 2022 Best Places to Work in Money Management list. Firms that participated were required to complete a two-step survey conducted by Best Places to Work Group. First, an employee questionnaire was completed by the firm’s HR department that captured information around benefits, retirement, training and development and incentive structure, among other topics. Second, employees completed a survey that looked at several elements of being an employee at Voya —including engagement and satisfaction, work environment, career development and remuneration in addition to two open-ended questions about working at Voya.
S&P Global Sustainability Yearbook: The S&P Global Sustainability Yearbook members are determined by conducting the annual Corporate Sustainability Assessment (CSA), which includes questionnaires completed by the evaluated companies as well as independent assessments based on publicly available information on criteria that are both industry-specific and financially material. In 2022, more than 7,500 companies around the world were assessed, and only 716 companies were included in the Yearbook. This process aligns the yearbook’s methodology with decisions by the Dow Jones Sustainability Indices Committee. To be listed as a yearbook member, companies must be within the top 15% of their industry and must achieve a score within 30% of their industry’s top performing company.
Newsweek America’s Most Responsible Companies: In 2022, Voya Financial was one of 500 companies named to the Newsweek America’s Most Responsible Companies list. The analysis was carried out in a four-phase process, with a pool of more than 2,000 companies that were screened by different criteria. The detailed analysis consisted of an independent survey among 11,000 U.S. citizens and research based on publicly available key performance indicators derived from Corporate Annual Reports, CSR Reports, Sustainability Reports and Corporate Citizenship Reports. The independent survey was administered using an online access panel.
2022 Rankings of America’s Most JUST Companies: Led by the JUST 100, in collaboration with CNBC, JUST Capital conducts qualitative focus groups and quantitative surveys of a representative sample of 3,000 Americans to compare and prioritize 20 business issues that represent just corporate behavior, then evaluates how the largest, publicly traded U.S. companies perform across these issues. For the 2022 rankings, JUST Capital analyzed 954 public companies in the Russell 1000 Index. Voya continues to rank among the top 33 in the Capital Markets industry category. Full Ranking Methodology.
DALBAR ESG Retirement Plan Certification: DALBAR, Inc. is a leading financial services market research firm that performs a variety of ratings and evaluations of practices and communications, committed to raising the standards of excellence in the financial services and healthcare industries. DALBAR is a separate entity and not a corporate affiliate of Voya Financial®. The DALBAR ESG Certification criteria fall into three categories: Environmental (Paper Suppression, Automatic Enrollment, Online Capabilities), Social (Premature Withdrawal Options, Matching Contributions, Phone Center Capabilities, Pre/Post Retirement Support) and Governance (Reasonable Plan Fees, Compliance with Applicable Regulations, Sound Investment Policy, Investment Review, 3rd Party Requirements). There is an annual fee for ESG Plan Certification which is uniform for all participants in the program and based on the number of participants in the plan (<1,000 participants is $500, 1,000 - 10,000 participants is $2,500, >10,000 participants is $5,000). The DALBAR ESG Certification does not reflect actual client experiences or outcomes and is not indicative of future performance. Voya provided assistance to DALBAR in developing the ESG Plan Certification. DALBAR asked Voya to participate in the data collection process and to provide DALBAR feedback on the questionnaire process from a client perspective. Voya participated in a beta test for certification. The certification process was run by DALBAR and Voya had no opportunity to influence the outcome. The certification is based on factors that are pass/fail and will be consistently applied to all plans seeking the certification.
The Mansfield Rule: Legal Department Edition (MRLD) 2.0 Certification: In November 2022, Voya Financial was one of more than 40 companies that achieved the MRLD certification from Diversity Lab, which aims to boost and sustain diversity in legal department leadership. The two-year certification period ran from July 1, 2020-June 30, 2022. Voya did not pay to be considered for the certification. The Mansfield Rule measures and certifies whether legal departments have affirmatively considered women, racial/ethnic minority lawyers, LGBTQ+ lawyers, and lawyers with disabilities, collectively referred to as “historically underrepresented lawyer(s)” for significant leadership roles in the department and when engaging outside counsel. To achieve Mansfield Certification, participating legal departments must: (1) Consider at least 50% historically underrepresented lawyers for 70% or more of the legal department’s roles and activities outlined in the certification parameters during the review period; (2) Track and document the makeup of candidate pools identified in the certification parameters by demographic identity; (3) Complete the six-month, 12-month, and 18-month check-in calls, surveys, and data collection requests during the review period; (4) Actively engage in community building and knowledge sharing with participating legal departments; (5) Provide at least one senior lawyer from the legal department to serve in an oversight role for the certification, and at least one additional lawyer or other professional to oversee the MRLD process internally and help manage the tracking and communications processes; and (6) Send two or more representatives to the Mansfield Rule Client Forum(s) each year to support Mansfield Certified law firms or serve as a Client Forum host.
Corporate Governance Best Proxy Statement (mid-cap) award: In November 2022, Voya Financial received the Corporate Governance Awards 2022 Best Proxy Statement (mid-cap) award from Corporate Secretary magazine. Winners are selected on an annual basis. Voya did not pay to be considered for the award. For the award, the statement is examined for completeness of legal disclosures, effectiveness of communication elements, readability, timeliness of filing, visual design elements and overall layout. Specific elements such as compensation discussion and analysis, CD&A, director profiles and ESG challenges were given particular consideration. Market cap definition: Mid-cap = between $2 billion and $20 billion (U.S. dollars). Individuals and companies submit written entries, free of charge; entrees are judged by a panel of corporate governance professionals and Corporate Secretary editorial team members. Voya was nominated by a third party.
Barron’s 100 Most Sustainable Companies: Voya Financial ranked fifth on Barron’s 2021 list of the 100 Most Sustainable Companies. To determine the rankings, Calvert Research and Management, a top sustainable investing shop, analyzed the 1,000 largest U.S. publicly held companies, measured by market capitalization. Calvert calculates the rankings by measuring sustainability performance based on 230 indicators across five categories: shareholders, employees, customers, planet and community.
Institutional Investor magazine selected members of its 2022 All-America Executive Team by surveying buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions. More than 3,040 money managers and buy-side analysts and more than 400 sell-side researchers provided candid feedback. To earn the designation of Most Honored Company, a company must achieve a weighted score of at least nine for its published positions in the Best CEO, CFO, IRO, IR Program, Investor/Analyst Event, ESG and Crisis Management categories. In the 2022 All-America Executive Survey, 1,384 companies were nominated across 44 sectors.
MSCI ESG Leaders Indexes: The MSCI ESG Leaders Indexes (PDF) target companies that have the highest environmental, social and governance (ESG) rated performance in each sector of the parent index. The indexes target a 50% sector representation vs. the parent index, aiming to include companies with the highest MSCI ESG Ratings in each sector. The index suite utilizes MSCI’s award winning ESG Research and ESG Ratings to identify companies that have demonstrated an ability to manage their ESG risks and opportunities and are therefore eligible for inclusion.
Environmental Protection Agency Green Power Partnership Program: The U.S. Environmental Protection Agency (EPA) has named Voya Financial a Green Power Partner. Green Power Partners agree to use green power that meets or exceeds Partnership requirements and agree to report on green power use annually. They must also use the Green Power Partner mark in a manner that is consistent with Partner mark use guidelines. The EPA automatically includes all partner organizations in the club that report they are using the qualifying amount of green power. Green Power Partner Minimum Requirements are based on the organization’s annual electricity usage. Eligible green power includes electricity generated from solar, wind, geothermal, biodiesel and certain forms of biomass, hydropower, fuel cells and cogeneration/combined heat and power. Green power must be sourced from eligible U.S.-based generation facilities. The requirement can be met with any combination of green power products (i.e., utility product, RECs, or on-site generation). Partner purchases must be voluntary and incremental to the renewable electricity included in the standard electricity service. Requirements must be entirely met with power from “new” renewable facilities (i.e., installed within the last 15 years). Partners may join organization-wide (U.S. operations only), at the facility-level, or a logical aggregation of facilities less than organization-wide. Partners include a wide variety of leading organizations such as Fortune 500 companies; small and medium-sized businesses; local, state and federal governments; and colleges and universities.
Environmental Protection Agency Green Power Partnership Fortune 500® partner: The Green Power Partnership is a voluntary program that encourages organizations to use green power as a way to reduce the environmental impacts associated with conventional electricity use. As of April 26, 2021, the combined annual green power use of EPA’s Top Fortune 500 Partners amounts to more than 43 billion kilowatt-hours of green power, which is equivalent to the annual electricity use of more than 4 million average American homes.
EPEAT Purchaser Awards: Managed by the Global Electronics Council (GEC), the EPEAT Purchaser Awards recognize excellence in sustainable procurement of Information Technology (IT) products. The awards are open to all organizations around the globe that purchase EPEAT-registered products; have, or are actively developing, an organizational purchasing policy for sustainable procurement, with specific guidelines for IT products and electronics; and specify or use contracts (if applicable) that require or prefer EPEAT registered products (Computers and Displays, Imaging Equipment, Mobile Phones, Network Equipment, Photovoltaic Modules and Inverters, Servers, and Televisions) inclusive of applicable service contracts. Using the EPEAT Benefits Calculators, GEC calculates the environmental and cost benefits of the full lifecycle of sustainable purchases made by each award winner.
JUST Capital Top 100 U.S. Companies Supporting Healthy Families and Communities: With support from the Robert Wood Johnson Foundation, JUST Capital focuses on 10 key issues to identify companies across all industries that are taking action to address the urgent concerns of this moment and that are setting the bar for supporting their workers and their families, as well as the communities in which they operate. For the 2021 rankings, these issues were derived from surveys and focus groups in which Americans identified as the most important issues that represent just corporate behavior. While not all of the rankings apply to Voya, in comparison to the average scores of the top 100 companies listed, Voya outperformed companies in social categories, including ranking No. 5 in the industry in cultivating a diverse and inclusive workplace.
Fortune World’s Most Admired Companies: Voya is named to Fortune’s 2020 list of the World’s Most Admired Companies. Voya was ranked as one of the most admired companies on the magazine’s list of securities and asset management companies. Fortune’s World’s Most Admired Companies list is the definitive report card on corporate reputation, and is developed by Fortune and Korn Ferry Hay Group. The study surveys top executives and directors from eligible companies, along with financial analysts, to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company’s score must rank in the top half of its industry survey to be listed.
Forbes America’s Best Employers for Diversity were chosen based on an independent survey of a representative sample of 60,000 employees working for companies with at least 1,000 employees in the U.S. The survey focused on topics such as age, gender equality, ethnicity, disability, LGBTQA+ and the employees’ general views about diversity within their company.
Visionary Caregiving Organization of the Year: Voya was selected as Visionary Caregiving Organization of the Year from a pool of more than 60 nominations by an awards committee consisting of members of Caregiving.com and Difference Collaborative teams. After being nominated, Voya had to submit information about its efforts to support caregivers. Caregiving.com recognized Voya for its comprehensive set of benefits and policies supporting caregivers, including insurance, back-up child and elder care, flexible paid time off (PTO), remote work options, family leave policies, health advocates, robust Employee Assistance Program and its collaboration with Wellthy support services. It also recognized Voya for its whitepaper that shows the impact caregiving has on the workplace, outlining gaps in support and potential actions to take through benefits planning.
The Disability:IN Inclusion Awards’ “Marketplace Innovator of the Year” recognizes an external marketing or communications campaign that includes powerful and positive images of disability. Award recipients are selected by a committee. A company must be a corporate partner of Disability:IN to be considered for this award. Voya is an Inclusion Works member of Disability:IN and Voya’s Paul J. Gennaro, chief brand and communications officer, serves on Disability:IN’s board of directors.
FTSE4GoodIndex Series: FTSE4Good Index Series is a set of market capitalization-weighted indexes maintained by the FTSE Group (Financial Times Stock Exchange to measure the performance of companies that meet globally recognized corporate responsibility standards. To be included in the FTSE4Good Indexes, companies must, for example, support human rights, have good relationships with the various stakeholders, make progress to become environmentally sustainable, ensure good labor standards not only for their own company but for companies that supply them as well, and fight bribery and corruption. An independent committee of experts, in consultations with NGOs (Non-Government Organizations), academics, government bodies and investors, develop the criteria and regularly update and review conformity to their ESG standards.
Forbes America’s Best Large Employers were chosen based on an independent survey from a vast sample of approximately 50,000 U.S. employees working for companies employing at least 1,000 people in their U.S. operations. The employees were not consulted via their employers, but the surveys were conducted anonymously through several online panels where the employee could openly state their opinion.
Diversity Best Practices Inclusion Index participants are scored in three areas: best practices in recruitment, retention and advancement of people from under-represented groups — women, racial/ethnic minorities, people with disabilities, and lesbian, gay, bisexual, transgender and queer (LGBTQ) people; creating an inclusive culture through leadership, accountability, communications and employee engagement; and transparency in willingness to share Workforce Demographic Data.
Working Mother 100 Best Companies: The 2019 Working Mother 100 Best Companies application includes more than 400 questions on leave policies, workforce representation, benefits, childcare, advancement programs, flexibility policies and more. It surveys the availability and usage of these programs, as well as the accountability of the many managers who oversee them. Company profiles and data come from submitted applications and reflect 2018 data.
Forbes World’s Best Employer: More than 430,000 global recommendations were analyzed by Statista to create the World’s Best Employers list. Employees were asked to rate their own employer and the likelihood they would recommend the company to a friend or family member. They were also asked to recommend other employers they admired. This list is based on Forbes’ 2018 Global 2000 rankings, which included publicly traded companies from 60 countries that together accounted for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value
National Association for Female Executives Top Companies for Executive Women: Voya Financial was one of 70 companies named to the National Association for Female Executives Top Companies for Executive Women. The application includes more than 200 questions on topics including female representation at all levels, but especially the corporate officer and profit-and-loss leadership ranks. The application tracks and examines how many employees have access to programs and policies that promote advancement of women and how many employees take advantage of them, plus how companies train managers to help women advance. To be considered, companies must have minimum of two women on their board of directors as well as at least 1,000 U.S. employees.
Fortune Best Workplaces for Giving Back, 2018: Voya was named one of the Best Workplaces for Giving Back by Fortune editors in February 9, 2018, issue, based on information compiled by Great Place to Work and survey feedback of more than 380,000 employees across hundreds of companies regarding corporate philanthropy.