March 19, 2012 // Franchising.com // PARSIPPANY, N.J. - Realogy Corporation, a global leader in real estate and relocation services, announced today that it has been recognized by the Ethisphere® Institute, the leading international business ethics think-tank, as one of the 2012 World's Most Ethical Companies.
Out of a record number of nominations for the award, Realogy earned the coveted recognition by implementing and maintaining upright business practices and initiatives that are instrumental to the company's success, benefit the community and raise the bar for ethical standards within the industry.
"The enduring value of our commitment to ethics is reflected in how we operate our business, and we are honored to be recognized for our leadership in this regard and to be included among the World's Most Ethical Companies," said Richard A. Smith, chairman, chief executive officer and president of Realogy. "It is a source of great pride that we have an organization of great people who lead and conduct our business with integrity and ethics."
"All corporations have a duty to act ethically in the marketplace, but good ethics extends well beyond a company's individual compliance with laws and regulations," said Elisabeth Gehringer, Realogy's compliance and ethics officer. "We believe we can make a positive impact on the greater business landscape by striving to ensure that ethics and integrity are embedded in our business processes and throughout all levels of our organization."
Ethisphere evaluated a record number of applications from approximately 5,000 global companies, utilizing its propriety methodology through in-depth research and multi-step analysis, ultimately naming 145 companies that surpassed their industry peers to this year's World's Most Ethical Companies list. The 2012 list features companies in more than three dozen industries, including 40 companies headquartered outside the United States.
"A strong ethical foundation is a competitive advantage, and Realogy recognizes the important role corporate responsibility plays in improving its bottom line," said Alex Brigham, executive director of the Ethisphere Institute. "As more and more organizations strive for this honor each year, Realogy's inclusion as a World's Most Ethical Company for 2012 demonstrates its industry-leading commitment to ethics and dedication to integrity."
The methodology for the World's Most Ethical Companies list includes reviewing companies' Ethics and Compliance Program; Reputation, Leadership and Innovation; Governance; Corporate Citizenship and Responsibility; and Culture of Ethics.
Read about the methodology and view the complete list of the 2012 World’s Most Ethical Companies at www.ethisphere.com/wme.
The research-based Ethisphere® Institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Ethisphere Magazine, which publishes the globally recognized World's Most Ethical Companies Ranking™, is the quarterly publication of the Institute. Ethisphere provides the only third-party verifications of compliance programs and ethical cultures that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. The Institute's premier membership group, the Business Ethics Leadership Alliance™, is a business ethics forum that includes more than 100 leading corporations, universities and institutions that collectively leverage their experience, expertise and innovative ways to address emerging compliance challenges. More information on the Ethisphere Institute, including ranking projects and membership, can be found at http://www.ethisphere.com
Realogy Corporation, a global provider of real estate and relocation services, has a diversified business model that includes real estate franchising, brokerage, relocation and title services. Realogy's brands and business units include Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby's International Realty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 14,000 offices with 245,800 sales associates doing business in 101 countries and territories around the world. Realogy is owned by affiliates of Apollo Management, L.P., a subsidiary of Apollo Global Management, LLC, a leading global alternative asset manager.