The Rezidor Hotel Group named one of the 2018 World's Most Ethical Companies® by the Ethisphere Institute for the ninth time.
A global recognition that honors those who operate with purpose and incorporate integrity into their ecosystems.
The Rezidor Hotel Group, one of the most dynamic hotel companies in the world and part of the Carlson Rezidor Hotel Group, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2018 World’s Most Ethical Companies.
Rezidor has been recognized since 2010, and is one of only four honorees in the lodging and hospitality industry (and the only one in Belgium), underscoring its commitment to leading with integrity and prioritizing ethical business practices.
In 2018, 135 honorees were recognized, spanning 23 countries and 57 industries. The twelfth class of honorees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honorees.
"This award recognizes our long-standing commitment to responsible business, and demonstrates clearly that our corporate principles are an example to companies across every industry. We have won this award nine years in a row since 2010, and it is always an immense honor for every single one of us at The Rezidor Hotel Group. We aim to continue being a global Responsible Business leader in the hospitality industry," said Federico J. González, President & CEO of The Rezidor Hotel Group and Chairman of the Global Steering Committee for Carlson Rezidor Hotel Group.
“While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society’s strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The World’s Most Ethical Companies in particular continued to show exemplary leadership,” explained Ethisphere’s CEO, Timothy Erblich. "I congratulate everyone at the Rezidor Hotel Group for being recognized as one of the World's Most Ethical Companies."
Ethics & Performance
Once again, the 2018 World’s Most Ethical Companies have proven that operating with integrity leads to greater financial performance. Research has found that, when indexed, listed World’s Most Ethical Companies outperformed the U.S. Large Cap Index over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.
Methodology & Scoring
The World's Most Ethical Companies 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 manner. 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 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
The full list of the 2018 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees
Best practices and insights from the 2018 honorees will be released in a report and webcast in March and April of this year. Sign up to receive the report.