The parent company of Royal Caribbean International has been recognized by the Ethisphere Institute as one of the 2020 World's Most Ethical Companies for the fifth year in a row.
Royal Caribbean Cruises Ltd. has been recognized since 2015 and is the only honoree in the Leisure & Recreation industry.
"At Royal Caribbean ethical values have helped make us into who we are," said Richard D. Fain, chairman and CEO, Royal Caribbean Cruises Ltd. "We value this honor and will work to demonstrate these core, ethical values day in and day out."
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.