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Hotel Companies Not on 2021 ‘Most Ethical’ List

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Ethisphere, a global leader in defining and advancing the standards of ethical business practices, today announced the 135 honorees representing 22 countries and 47 industries that have earned the coveted designation of World’s Most Ethical Companies® in 2021. This is the 15th annual recognition of companies that have demonstrated a commitment to ethical business practices through programs that positively impact employees, communities, and broader stakeholders, and contribute to sustainable and profitable long-term business performance.

In 2021, nine companies are first-time honorees, while six have been recognized 15 times, every year since the awards inception in 2007. Whereas Wyndham Hotels & Resorts made last year’s list, no hotel companies made this year’s list. Under “Leisure and Recreation,” only Royal Caribbean Group made this year’s cut.

“Honorees integrate ethics and values with corporate strategy,” said Ethisphere CEO, Timothy Erblich. They speak up, are transparent, act, and look for innovative ways to make a difference. We congratulate their efforts.”

Are Better Financial Performers

Ethisphere’s 2021 Ethics Index, the collection of publicly traded companies recognized as recipients of this year’s World’s Most Ethical Companies designation, outperformed a comparable index of large cap companies by 7.1 percentage points over the past five calendar years.

Grounded in Ethisphere’s proprietary Ethics Quotient, the World’s Most Ethical Companies assessment process includes more than 200 data points on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

This year, the process was streamlined and the question set expanded to gauge how applicants are adapting and responding to the global health pandemic, environmental, social, and governance factors, safety, equity, and inclusion and social justice.

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