Global Hospitality Company Recognized for Best-in-Class Practices in Sustainable Economic, Environmental and Social Performance
Submitted by: Wyndham Worldwide Corporation
Posted: Oct 03, 2013 – 09:54 AM EST
PARSIPPANY, N.J., Oct. 03 /CSRwire/ - (Marketwired) - Wyndham Worldwide (NYSE: WYN), one of the world's largest hospitality companies, announced today it has been named to the Dow Jones Sustainability North America Index for the first time. The Company is one of three hospitality companies, and the only one in North America, recognized in the hotels, resorts and cruise line segment.
The S&P Dow Jones Indices are one of the most recognized sustainability performance rating tools, with the Sustainability Index identifying leaders in the areas of sustainable economic, environmental and social performance. Companies listed to the annual Index demonstrate best-in-class performance against numerous metrics. Wyndham Worldwide was recognized in particular for its Risk & Crisis Management, Human Capital Development, and Environmental programs.
"Our inclusion on the Dow Jones Sustainability Index is a great reflection of our commitment to our core values, which enable us to consistently deliver great results," said Stephen P. Holmes, chairman and chief executive officer, Wyndham Worldwide. "We are proud to be included on such an esteemed Index, but more importantly, excited that we continue to see the impact our sustainability and corporate social responsibility efforts have in our operating performance and value created for our shareholders."
Believing that you can do well by doing good, Wyndham Worldwide has worked to integrate sustainability, diversity, philanthropy, human rights, and responsible corporate governance and business practices into its culture and how its businesses operate around the world since its introduction on the NYSE in 2006.
Wyndham Worldwide has been recognized by DiversityInc as a Top 50 Company for Diversity, named one of FORTUNE Magazine's Most Admired Companies, ranked number one among hotels and restaurants by Newsweek magazine in their annual Greenest Companies survey, and a recipient of the National Business Group on Health Award for Innovation in Reducing Health Care Disparities in 2011. Additionally, the Company was named among the Top 50 Companies by LATINA Style and was recognized by NAFE (National Association for Female Executives) as one of the Top 50 Companies for Executive Women for the past three consecutive years.
"Acting with integrity and providing a great experience for our customers, associates and our communities is at the heart of everything we do at Wyndham Worldwide," said Mary Falvey, executive vice president and chief human resources officer, Wyndham Worldwide. "The Dow Jones Sustainability Index review affirms our commitment to earning the trust of our key stakeholders every day through exceptional economic, environmental and social practices."
With supporting environmental initiatives as a strategic focus for the past six years, Wyndham Worldwide's sustainability practices are created and driven by the Company's Wyndham Green program, which works to deliver "triple bottom line" results for its people, the planet and profits. Wyndham Green aims to drive leadership in the industry, encourage engagement among the Company's key stakeholders and provide the mechanism to turn innovative ideas into achievable results. This focus enabled Wyndham Worldwide to reduce its operationally controlled asset water usage globally by 5 percent per square foot, reduce its carbon emissions by nearly 12 percent per square foot in 2012, and increase its sustainable suppliers to 25 percent in 2012.
"We are proud to be recognized once again for our work in sustainability, which is the result of our collective progress, achievement and commitment to corporate sustainability," said Faith Taylor, senior vice president, sustainability and innovation, Wyndham Worldwide. "This is an incredible accomplishment and a true honor not only for Wyndham Green, but also for Wyndham Worldwide. Our sustainability program continues to be successful because of the innovative collaboration among our associates, franchisees, suppliers, business and community partners who have helped create and grow our shared vision."
To learn more and read about Wyndham Worldwide's corporate social responsibility programs, please visit www.wyndhamworldwide.com/corporate-responsibility.
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 over 7,410 franchised hotels and over 635,100 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 106,000 vacation properties in 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 190 vacation ownership resorts serving approximately 915,000 owners throughout the United States, Canada, Mexico, the Caribbean, and the South Pacific. Based in Parsippany, NJ, Wyndham Worldwide employs approximately 32,500 associates globally.
For more information, please visit www.wyndhamworldwide.com.
About Dow Jones Sustainability Indices
The Dow Jones Sustainability Indices were launched in 1999 as the first global sustainability benchmarks. The indices are offered cooperatively by RobecoSAM and S&P Dow Jones Indices. The family tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices. For information about the Dow Jones Sustainability Indices, visit: www.sustainability-indices.com or www.djindexes.com/sustainability.
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