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Why it needs it?
Isn't it just something that is useless? Just other people perception of you?

my wife just asked me the same question....
People are funny beings :) time to time you need a ego boost, to keep working on your dreams✌️ and honor give that boost for future... this is my expirience 🤗

I can sort of get you, but how do you know when you did honorable thing? Is it synonym with ethical in some sense or something else?

"but how do you know when you did honorable thing?"
This is the one million dollar questions...
I think it depend on your beliefs... If you think your actions affects people in a positive way...you are on the good way...

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