Royal Caribbean Cruises named one of the 2019 World's Most Ethical Companies for fourth year in a row

In:
26Feb2019
By: 
Matt Hochberg

Royal Caribbean Cruises Ltd. has been recognized by the Ethisphere Institute as one of the 2019 World's Most Ethical Companies for the fourth year in a row.

Royal Caribbean has been recognized since 2016 and is the only honoree in the Leisure & Recreation industry category.

"We recognize that corporate responsibility and accountability is increasingly driving decisions made by our guests, business partners and our employees," said Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd. "This honor is a reflection of our 50-year commitment to demonstrating these shared values every day, and I know our employees take great pride in this recognition."

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), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership 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.