Royal Caribbean Cruises named one of the 2018 World's Most Ethical Companies for third year in a row

In:
20Feb2018
By: 
Matt Hochberg

Royal Caribbean Cruises Ltd. has been recognized by the Ethisphere Institute as one of the 2018 World's Most Ethical Companies for the third year in a row.

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.

"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."

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.