Royal Caribbean has been recognized as a 2017 World’s Most Ethical Company by the Ethisphere Institute. This recognition honors those companies who lead with integrity and align principle with action and marks the second consecutive year Royal Caribbean has been recognized in the Lodging, Leisure and Recreation industry.
Twenty-seventeen is the eleventh year that Ethisphere has honored those companies who recognize their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture as an underpinning to the decisions they make every day.
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) 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.
Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd, gave the following statement: “I am extremely pleased that Ethisphere has again recognized Royal Caribbean as one of the World’s Most Ethical Companies. At Royal Caribbean, ethical leadership is an important part of our worldview. We value this honor and we intend to continue following our mantra of continuous improvement.”
The full list of the 2017 World’s Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Royal Caribbean Cruises Ltd. (NYSE: RCL) is a global cruise vacation company that owns and operates three global brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. RCL is a 50 percent joint venture owner of the German brand TUI Cruises, and have a 49 percent interest in the Spanish brand Pullmantur and a minority interest in SkySea Cruises.
Together, these brands operate a combined total of 49 ships with an additional thirteen on order. They operate diverse itineraries around the world that call on approximately 535 destinations on all seven continents.