PARSIPPANY, N.J., March 13, 2017 /PRNewswire/ -- With a
commitment to acting with integrity, a focus on ethical and
responsible business practices, and a dedication to welcoming
people to experience travel the way they want, Wyndham Worldwide
(NYSE:WYN) has been recognized as a 2017 World's Most Ethical
Company® by the Ethisphere Institute. This is the third
consecutive year and fifth time overall that the Company has
received the designation by Ethisphere, a global leader in defining
and advancing the standards of ethical business practices.
"Wyndham Worldwide's culture of service encourages all levels of
associates to do what's right, beyond what's expected," said
Stephen P. Holmes, chairman and
chief executive officer, Wyndham Worldwide. "This distinction
recognizes a shared focus and collaborative effort by individuals
and teams across our company, from our Board of Directors to each
of our associates."
This year marks the eleventh 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.
"Ethical behavior is the lens through which we make decisions
and anchor our commitment to each other, our partners, our
customers, and our communities," said Scott
McLester, executive vice president and general counsel,
Wyndham Worldwide. "From attracting global talent, to upholding the
Count On Me! commitment and ethical business principles, we ensure
our global network is comprised of good corporate
citizens."
Rooted in its Count On Me! service philosophy, integrity and
accountability are embedded in the Company's
culture. Maintaining a strong focus on ethical practices is
part of its robust corporate social responsibility commitment. Some
of the Company's activities and accomplishments include:
- Establishing a global network of Compliance Champions to
provide guidance for associates on acceptable standards of business
conduct, in addition to providing leadership development programs
to weave compliant and ethical decision making into everyday
business.
- Providing the gift of representation through pro bono legal
work to help children, young adults, and non-profits. Wyndham
Worldwide's Legal Department was awarded the Pro Bono Services
Award by the New Jersey Law Journal for its work in partnership
with Kids in Need of Defense (KIND), New Jersey Law Education and
Empowerment Project (NJ LEEP) and the Pro Bono Partnership.
- Protecting human rights by providing Wyndham Worldwide owners
and franchisees the tools to identify human trafficking through
training and awareness campaigns in partnership with the Polaris
Project and ECPAT-USA.
- Creating a diverse and inclusive place to work and do business,
being recognized among the DiversityInc Top 50 Companies for
Diversity four years in a row, and also among the Top 10 for
supplier diversity.
- Supporting the local communities through donations of time and
funds. Each year, thousands of Wyndham Worldwide associates
volunteer for recognized charitable organizations during a paid day
off, which resulted in more than 3,500 associates participating in
nearly 37,000 volunteer hours in 2016.
- Reflecting Wyndham Worldwide's culture of giving and service,
Wyndham Rewards members last year donated over 8.4 million loyalty
points to charities and Wyndham timeshare owners donated over
200,000 units of food to community food banks.
"At Wyndham Worldwide, we have an open door policy and engage
our associates on maintaining ethical standards and embodying our
Company culture," added Korin Neff, senior vice president and chief
compliance officer. "Ethics are embedded in our core values, which
are the foundation of the distinctive culture that drives our
growth and inspires the great experiences we create for associates
and the people we serve."
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.
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 and The World's Most Ethical Companies
Executive Briefing. Ethisphere is also the leading provider of
independent verification of corporate ethics and compliance
programs. More information about Ethisphere can be found
at http://ethisphere.com
About Wyndham Worldwide:
Wyndham Worldwide (NYSE: WYN) is one of the largest global
hospitality companies, providing travelers with access to a
collection of trusted hospitality brands in hotels, vacation
ownership, and unique accommodations including vacation exchange,
holiday parks, and managed home rentals. With a collective
inventory of nearly 130,000 places to stay across more than 110
countries on six continents, Wyndham Worldwide and its 38,000
associates welcomes people to experience travel the way they want.
This is enhanced by Wyndham Rewards®, the Company's
re-imagined guest loyalty program across its businesses, which is
making it simpler for members to earn more rewards and redeem their
points faster. For more information, please
visit www.wyndhamworldwide.com.
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SOURCE Wyndham Worldwide