Royal Caribbean Cruises Ltd. has been recognized as a 2017 World's Most Ethical Company® by the Ethisphere Institute. This is the second year in a row Royal Caribbean has been recognized in the Lodging, Leisure and Recreation industry, underscoring their commitment to leading ethical business standards and practices.
"I am extremely pleased that Ethisphere has again recognized 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 we intend to continue following our mantra of continuous improvement."
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.