Los Angeles, March 20, 2014 – CBRE Group, Inc. (NYSE:CBG) has been recognized as a 2014 World’s Most Ethical Company® by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance.
CBRE was honored with this award in recognition of its strong corporate culture focused on deep commitments to ethical leadership and corporate behavior. World’s Most Ethical Company honorees understand the correlation between ethics, reputation and daily interactions with their brand, and that the award belongs as much to their employees as it does to the companies that receive it.
“CBRE places a high value on ethical behavior, and being named as a World’s Most Ethical Company is a testament to the solid foundation we have in place,” said Bob Sulentic, President and Chief Executive Officer of CBRE. “The award not only acknowledges our robust ethics and compliance program, but also highlights the dedication of our employees to serve the communities where they live and work, our company’s commitment to giving to those in need, our thoughtful approach to sustainability and our culture of integrity.”
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent and standardized manner. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance program (25%); reputation, leadership and innovation (20%); governance (10%); corporate citizenship and responsibility (25%); and culture of ethics (20%).
“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “CBRE joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at CBRE for this extraordinary achievement.”
About Ethisphere Institute
The Ethisphere® Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and governance and enables organizations to improve compliance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World’s Most Ethical Companies® recognition program and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. More information about Ethisphere can be found at: www.ethisphere.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.