MADISON, N.J., March 7, 2016 /PRNewswire/ -- Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services, today announced that the company has been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as a 2016 World's Most Ethical Company®. This is the fifth consecutive year in which Realogy has received this recognition.
The World's Most Ethical Companies designation recognizes those companies who align principle with action, work tirelessly to make trust part of their corporate DNA, and, in doing so, shape future industry standards by introducing tomorrow's best practices today. Realogy is one of just 131 companies in the world honored this year and is the only residential real estate company on the list.
"We are once again honored to be recognized by the Ethisphere Institute as being among a select group of world-class companies focused on ethical leadership," said Richard A. Smith, Realogy's chairman, chief executive officer and president. "We take great pride in creating a company culture that places a premium on ethics and integrity. We believe that sustainable and trustworthy companies can only be built upon a strong ethical foundation."
"Our leadership position in our industry is based on the quality of our people and their commitment to our core values, which include acting with integrity, delivering on promises and making a positive difference in our communities," said Elisabeth Gehringer, Realogy's chief ethics and compliance officer. "Our employees understand that they play a key role in ensuring that our company culture is infused with ethical values."
"Congratulations to everyone at Realogy for being recognized as a World's Most Ethical Company for the fifth year in a row," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage."
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 organization's performance in an objective, consistent and standardized way. Ethisphere assesses companies based on their scores in 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%).
The full list of the 2016 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
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. Ethisphere honors superior achievement through its World's Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere magazine. More information about Ethisphere can be found at: http://ethisphere.com.
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising and brokerage 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® and ZipRealty®. Collectively, Realogy's franchise system members operate approximately 13,600 offices with more than 256,800 independent sales associates conducting business in 110 countries and territories around the world. NRT LLC, Realogy's company-owned real estate brokerage, is the largest residential brokerage company in the United States, operates under several of Realogy's brands and also provides related residential real estate services. The Company also owns 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. Realogy is headquartered in Madison, New Jersey.
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SOURCE Realogy Holdings Corp.