Monday
October 20, 2014

Real Estate Companies Land on 'World's Most Ethical' List

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Real Estate Companies Land on 'World's Most Ethical' List

Reaology Holdings Corp., along with two U.S. commercial companies, were among 144 companies recently singled out by the Ethisphere Institute as being the world’s most ethical businesses.

Realogy, for the third year in a row, made the list of the 2014 World’s Most Ethical Company, an annual list issued by the Ethisphere Institute, a research company that promotes best practices in corporate ethics and governance. Other U.S. real estate businesses also making the list included commercial companies – Jones Lang LaSalle Inc. and CBRE

The institute annually recognizes organizations that it finds to continually raise the bar on ethical leadership and corporate behavior. It assesses companies on five key categories: ethics and compliance program; reputation; leadership and innovation; governance, corporate citizenship and responsibility; and culture of ethics. It recognized honorees among 41 industries this year.

“Failure to establish the highest ethical business standards and practices throughout an organization can result in unacceptable consequences that include both human impacts and operational risks,” says Tim Erblich, CEO of the Ethisphere Institute. “These organizations have taken this challenge head on and recognize that leading ethical business practices present an unprecedented opportunity to deliver significant tangible and intangible organizational benefits. This year’s honorees from all countries and industries understand that outstanding compliance programs, investment in a corporate culture of integrity, and sound business ethics have key roles in attracting and retaining talent, expanding business globally, and driving financial performance.”

Realogy says that among its new ethics and compliance initiatives last year was a launch of a third-party risk management platform to manage vendor due diligence and risk in connection with the company’s global anti-corruption program.

"Ethics is the cornerstone of our company culture, and we are continuously striving to enhance our ethics and compliance program as part of our ongoing commitment to conducting business with integrity,” says Richard A. Smith, Realogy’s chairman, chief executive officer, and president.

Source: Ethisphere and Realogy Holdings Corp.

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