THE STANDARD
The Standard ’ s Rachel Henney details the company ’ s approach to ESG , commitments to simplicity in its procurement processes and strong third-party governance
Founded in Portland , Oregon , in 1906 , Standard Insurance Company ( The Standard ) is a leading provider of financial protection , insurance , retirement , and investment products and services for both employees and individuals .
Under its holding company name , StanCorp Financial Group Inc ., the organisation has four primary subsidiaries : Standard Insurance Company , The Standard Life Insurance Company of New York , Standard Retirement Services , Inc ., and StanCorp Mortgage Investors , LLC .
When it comes to The Standard ’ s core mission ,
Rachel Henney , Head of Procurement , Supplier Management and Governance , explains her love of its simplicity . “ The Standard is a family of companies dedicated to helping our more than eight million customers achieve financial well-being and peace of mind ,” she says .
Since joining the company in 2015 , Henney reflects on the incredible growth of the group : “ When I arrived , revenues were at US $ 2.9bn . We ended 2021 at nearly US $ 4bn ,” says Henney .
She adds : “ We ’ ve also deepened our investment in technology . And in doing so , we came to understand that we cannot be experts in everything . So , we partner with strategic , best-in-class vendor partners to deliver value to our businesses and customers .
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