Wyndham Worldwide Ranks 31 in Newsweek Magazine's Greenest Companies Survey
June 16, 2014 // Franchising.com // PARSIPPANY, N.J. – Once again Wyndham Worldwide (NYSE: WYN), one of the world’s largest hospitality companies, was recognized for its sustainability best practices, and was ranked among the greenest companies in the U.S. by Newsweek Magazine, one of the foremost corporate environmental rankings.
Ranked among the top 50 greenest companies in the U.S., Wyndham Worldwide was evaluated on a number of criteria including its environmental footprint and management, environmental policies, programs and initiatives.
"Our inclusion in the rankings is a great reflection of our commitment to our core values, and is the result of tremendous collaboration and innovation by our associates, franchisees, suppliers, business and community partners," said Stephen P. Holmes, chairman and chief executive officer, Wyndham Worldwide. "We are proud to be recognized for our work in sustainability, but more importantly, we are excited that we continue to see the impact our sustainability and corporate social responsibility efforts have in our operating performance and the value created for our shareholders."
Wyndham Worldwide’s sustainable practices are created and developed by the Company’s Wyndham Green program, which is in its eighth year, and is one of the top five strategic priorities at the Company. The program, which is focused on education and innovation, works to deliver "triple bottom line" results for the people, planet and profits, while driving leadership in the industry, encouraging engagement among key stakeholders, and providing the mechanism to turn innovative ideas into achievable results.
"We believe it is our people, our culture and our strategies that have enabled us to get where we are today. The dedicated efforts of associates at every level of the Company embody our culture of responsible sustainable practices and reflect the strong values that guide our company," said Faith Taylor, senior vice president, sustainability and innovation, Wyndham Worldwide. "This focus enabled us to reduce our operationally controlled asset water usage globally by 11 percent per square foot and reduce our carbon emissions by 13 percent per square foot from the 2010 baseline."
Believing that it can "do well" for business, while "doing good" for the people and the community, Wyndham Worldwide has maintained a focused investment in its Corporate Social Responsibility programs since its introduction on the NYSE in 2006. Its teams have collaborated to integrate the strategic areas of sustainability, diversity, human rights and ethics, and community support directly into how it operates. Most recently, Wyndham Worldwide was named to the Dow Jones Sustainability North America Index for the first time, and was recognized as a 2014 Silver Class Sustainability Leader in RobecoSAM’s annual Sustainability Yearbook.
Using the G4 GRI Sustainability Reporting Guidelines, the Newsweek rankings are the result of a rigorous review by a leading sustainability ranking organization and an advisory board that includes sustainability experts. Wyndham Worldwide will release its 2012 Sustainability Report following the G4 guidelines later this month.
For more information on Wyndham Worldwide’s environmental and sustainability programs, please visit www.WyndhamGreen.com
About Wyndham Worldwide
One of the world's largest hospitality companies, Wyndham Worldwide (NYSE: WYN) provides a wide range of hospitality products and services through its global portfolio of world-renowned brands. The world's largest hotel company based on the number of properties, Wyndham Hotel Group is home to many of the world's best-known hotel brands, with approximately 7,500 franchised hotels and 646,900 hotel rooms worldwide. Wyndham Exchange & Rentals is the worldwide leader in vacation exchange and the world's largest professionally managed vacation rentals business, providing more than 5 million leisure-bound families annually with access to over 107,000 vacation properties in over 100 countries through its prominent exchange and vacation rental brands. The industry and timeshare ownership market leader, Wyndham Vacation Ownership develops, markets, and sells vacation ownership interests and provides consumer financing to owners through its network of over 190 vacation ownership resorts serving approximately 907,000 owners throughout the United States, Canada, Mexico, the Caribbean, and the South Pacific. Based in Parsippany, NJ, Wyndham Worldwide employs approximately 32,800 associates globally.
For more information, please visitwww.wyndhamworldwide.com.
SOURCE Wyndham Worldwide
Manager, Public Relations