MIAMI, Feb. 20, 2018 /PRNewswire/ -- Royal Caribbean
Cruises Ltd. (NYSE: RCL) 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. This is the third year in a row RCL has been
recognized in the Lodging, Leisure and Recreation industry,
underscoring their commitment to leading ethical business standards
and practices.
"I am extremely grateful that Ethisphere has again honored Royal
Caribbean as one of the World's Most Ethical Companies," said
Richard D. Fain, Chairman and CEO,
Royal Caribbean Cruises Ltd. "At Royal Caribbean, ethical
leadership is an important part of our worldview. We value this
honor, and will continue to hold ourselves to the highest ethical
standards in following our mantra of continuous improvement."
Royal Caribbean has won the
distinction three consecutive years as among the world's most
ethical companies in the leisure and recreation category,
underscoring RCL's commitment to leading ethical business standards
and practices.
"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 Royal Caribbean for
being recognized as one of the World's Most Ethical Companies."
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.
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.
Honorees
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.
About Royal Caribbean Cruises Ltd.
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. We
are a 50 percent joint venture owner of the German brand TUI
Cruises, a 49 percent shareholder in the Spanish brand Pullmantur
and a 36 percent shareholder in the Chinese brand SkySea Cruises.
Together, these brands operate a combined total of 49 ships with an
additional thirteen on order as of December
31, 2017. They operate diverse itineraries around the
world that call on approximately 540 destinations on all seven
continents. Additional information can be found on
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 and measure and improve culture. Ethisphere honors
superior achievement through its World's Most Ethical Companies
recognition program and provides a community of industry experts
with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
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SOURCE Royal Caribbean Cruises Ltd.