For the sixth year in a row, Realogy Holdings Corp. (NYSE: RLGY) has been recognized as one of the World’s Most Ethical Companies® by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business. Realogy is the largest full-service residential real estate company in the United States with many of the best-known industry brands, including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby’s International Realty®, ZipRealty® and ZapLabsSM. Realogy shares this global recognition with its four business units: Realogy Franchise Group, the largest real estate franchisor in the world; NRT, the largest residential real estate brokerage in the United States; Cartus, a prominent worldwide provider of relocation services to corporate and affinity clients; and Title Resource Group, a leading provider of title, settlement and underwriting services.
“Once again, we are deeply honored to be recognized by Ethisphere for our commitment to ethical business practices, said Richard A. Smith, Realogy’s chairman, chief executive officer and president. “Our focus on integrity, one of our company’s core values, reflects who we are as a company and what we value most – strong relationships with our employees, our customers and our shareholders. We work hard to build our relationships on a foundation of integrity as a trusted provider of real estate franchise and brokerage services as well as relocation, title and settlement services.”
Each year, Ethisphere analyzes data from companies around the globe and recognizes those companies who focus on promoting ethical business standards and practices internally, enabling managers and employees to make good choices, and shaping future industry standards by introducing tomorrow’s best practices today. Realogy is one of just 124 companies in the world honored this year and is the only residential real estate company on the list.
“We believe our commitment to an ethical company culture gives us a competitive edge in the marketplace – for talented employees as well as customers and suppliers,” added Liz Gehringer, Realogy’s chief ethics and compliance officer. “We are delighted to accept this honor on behalf of our thousands of employees who help shape our company’s reputation every day by staying true to our core values.”
“A company’s culture is shaped by its values,” said Ethisphere’s CEO, Tim Erblich. “In each of the past six years, Realogy’s commitment to its core values and to raising the bar for ethical standards and practices has placed it in a special class as being among the World’s Most Ethical Companies. We congratulate everyone at Realogy 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 assess an organization’s performance in an objective, consistent and standardized way. Ethisphere assesses companies based on five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).
Ethisphere’s full list of the 2017 World’s Most Ethical Companies can be found here.