Hospitality News South Africa

Rezidor is one of the World's Most Ethical Companies

The Rezidor Hotel Group has been recognised by the Ethisphere Institute as one of the World's Most Ethical Companies for 2015. This is the sixth time in a row that the hotel group has been recognised in this way.
Rezidor is one of the World's Most Ethical Companies

The World's Most Ethical Companies designation recognises those organisations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.

Being a six consecutive year honouree underscores Rezidor's commitment to leading ethical business standards and practices ensuring long-term value to key stakeholders including customers, employees, suppliers, regulators and investors.

"Being recognised as the World's Most Ethical Hotel Company since 2010 is an honour for the entire team of 40,000 Rezidorians. It is a great recognition of our efforts in creating strong corporate compliance standards, governance procedures, an inspiring work environment for our employees, and a robust Responsible Business programme that cares for our guests, our people and our planet," said Wolfgang M Neumann, President and CEO of Rezidor.

Creating an ethical culture

"The World's Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World's Most Ethical Companies recognition involves more than just an outward-facing message or a handful of senior executives saying the right thing," said Ethisphere's CEO, Timothy Erblich. "Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at Rezidor for this extraordinary achievement."

The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient (EQ) framework developed over years of research to provide a means to assess an organisation's performance in an objective, consistent and standardised way. The EQ framework and methodology is determined, vetted and refined by the expert advice and insights gleaned from Ethisphere's network of thought leaders and from the World's Most Ethical Company Methodology Advisory Panel.

View the full list of the 2015 World's Most Ethical Companies.

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