MIAMI, March 7, 2016 /PRNewswire/ -- Royal Caribbean
Cruises Ltd. (NYSE, OSE: RCL), has been recognized by the
Ethisphere Institute, a global leader in defining and advancing the
standards of ethical business practices, as a 2016 World's Most
Ethical Company®.
This year marks the tenth anniversary of Ethisphere and the
World's Most Ethical Companies designation which recognizes those
companies who align principle with action, work tirelessly to make
trust part of their corporate DNA, and in doing so, shape future
industry standards by introducing tomorrow's best practices
today.
This marks the first time RCL has been recognized and is one of
only two companies in the Lodging, Leisure and Recreation category
underscoring their commitment to leading ethical business standards
and practices.
"Tomorrow or 10 years from now, there is no substitute for doing
the right thing," said Richard D.
Fain, chairman and chief executive officer for Royal
Caribbean Cruises Ltd. "Customers expect it, shareholders demand
it, and we try to live it every day."
"Companies rely on Ethisphere to continually raise and measure
the standards of corporate behavior. Those that demonstrate
leadership in areas like citizenship, integrity and transparency
create more value for their investors, communities, customers and
employees, thus solidifying a sustainable business advantage,"
explained Ethisphere's Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at
Royal Caribbean Cruises for being recognized as a World's Most
Ethical Company."
Methodology & Scoring
The World's Most Ethical Company assessment is based upon the
Ethisphere Institute's Ethics Quotient™ (EQ) framework developed
over years of research and vetted and refined by the expert advice
from Ethisphere's World's Most Ethical Company Methodology Advisory
Panel. The EQ 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.
Honorees
The full list of the 2016 World's Most Ethical Companies can be
found at
http://worldsmostethicalcompanies.ethisphere.com/honorees/. Best
practices and insights from the 2016 honorees will be released in
the form of a whitepaper and infographics over the next few months
(download the 2015 insights). Organizations interested in how they
compare to the World's Most Ethical Companies are invited to
participate in the Ethics Quotient.
About Royal Caribbean Cruises Ltd.
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) is a global cruise
vacation company that owns Royal Caribbean International, Celebrity
Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres
de France, as well as TUI Cruises through a 50 percent joint
venture. Together, these six brands operate a combined total
of 44 ships with an additional eleven on order. They operate
diverse itineraries around the world that call on approximately 480
destinations on all seven continents. Additional information
can be found at www.RCLcorporate.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies enhance
corporate character. Ethisphere honors superior achievement through
its World's Most Ethical Companies® recognition program, provides a
community of industry experts with the Business Ethics Leadership
Alliance (BELA) and showcases trends and best practices in ethics
with the publication of Ethisphere magazine. More
information about Ethisphere can be found at:
http://ethisphere.com.
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SOURCE Royal Caribbean Cruises Ltd.