The Rezidor Hotel Group named one of the 2018 world's most ethical companies® by the Ethisphere institute for the ninth time
A global recognition that honors those who operate with purpose and incorporate
integrity into their ecosystems
Brussels, Belgium – February 12, 2018 – The Rezidor Hotel Group, one of the most dynamic hotel companies in the world and part of the Carlson Rezidor Hotel Group, 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.
Rezidor has been recognized since 2010, and is one of only four honorees in the lodging and hospitality industry (and the only one in Belgium), underscoring its commitment to leading with integrity and prioritizing ethical business practices.
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.
"This award recognizes our long-standing commitment to responsible business, and demonstrates clearly that our corporate principles are an example to companies across every industry. We have won this award nine years in a row since 2010, and it is always an immense honor for every single one of us at The Rezidor Hotel Group. We aim to continue being a global Responsible Business leader in the hospitality industry," said Federico J. González, President & CEO of The Rezidor Hotel Group and Chairman of the Global Steering Committee for Carlson Rezidor Hotel Group.
“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 the Rezidor Hotel Group for being recognized as one of the World's Most Ethical Companies."
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.
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 the Rezidor Hotel Group
The Rezidor Hotel Group is one of the most dynamic hotel companies in the world and a member of the Carlson Rezidor Hotel Group. The group features a portfolio of 479 hotels with over 106,000 rooms in operation or under development in 79 countries.
Rezidor operates the core brands Radisson Blu® and Park Inn® by Radisson in Europe, the Middle East and Africa (EMEA), along with the Club Carlson loyalty program for frequent hotel guests. In early 2014 and together with Carlson, Rezidor launched the new brands Radisson RED (lifestyle select) and Quorvus Collection (luxury). In 2016, Rezidor acquired 49% of prizeotel. Rezidor has an industry-leading Responsible Business Program and was named one the World's Most Ethical Companies by the US think-tank Ethisphere.
In November 2006, Rezidor was listed on the Nasdaq Stockholm, Sweden. HNA Tourism Group Co., Ltd., a division of HNA Group Co., Ltd. — a Fortune Global 500 company with operations across aviation, tourism, hospitality, finance and online services among other sectors – became the majority shareholder in December 2016.
The Rezidor Hotel Group and its brands employ 43,700 people in EMEA and is headquartered in Brussels, Belgium.
For more information, visit www.rezidor.com
About Rezidor's Responsible Business program
Rezidor's ambitious and award-winning Responsible Business program dates back to 1989. The program's three core areas ensure that we care for our guests, our people and our planet and act in an ethical way: Think Planet: minimizing our environmental footprint; Think People: Caring about guests and employees, people in our supply chain and business ethics; and Think Community: Contributing in a meaningful way to local communities around the world.
Rezidor has received numerous awards and accolades for being an innovative leader in sustainability practices, responsible business, and its safety and security program. More than 79% of our hotels across EMEA are already eco-labelled, and we are committed to rising to 100%. Since 2010, the group has maintained its recognition as one of the Most Ethical Companies Worldwide (by Ethisphere Institute).
In 2014, the group's CEO also announced the company's focus on developing more women in leadership positions, as part of its employee value proposition (Our Promise). This is the group's proactive mission to bring about a truly positive change in the company's Diversity and Inclusion culture, aiming to have 30% of its senior leadership positions taken up by women.
Rezidor has been subscribed the UN Global Compact since 2009 and is a signatory to the UN CEO Water Mandate.
For more on Rezidor's Responsible Business, visit www.responsiblebusiness.rezidor.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.
###For further media information, please contact:
Lucie Cardona, Director Corporate Communications, PR & Reputation Management, The Rezidor Hotel Group
Inge Huijbrechts, Global Vice President, Responsible Business, Carlson Rezidor Hotel Group
Clea Nabozny, Ethisphere