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Corporate Social Responsibility
News
6.05.2008 - 02:00pm ET
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Starbucks Reaffirms Commitment to Ethical Sourcing, Environmental Leadership and Community Investment
Company named to "World's Most Ethical Companies" list by Ethisphere Magazine
(CSRwire) SEATTLE, WA - June 5, 2008 - As part of its continued commitment to
transform its business, Starbucks Coffee Company (Nasdaq: SBUX) today
announced that it is realigning its Corporate Social Responsibility
department to be even more effective in its ethical sourcing,
environmental leadership and community investment efforts.
Global Responsibility, formerly known as Corporate Social Responsibility,
has restructured its organization to reallocate its resources to the field
to be closer to the customer; create more capacity for its already robust
responsibility efforts; and enable Starbucks to link its business
priorities to the needs and values of the global community and
environment.
"We are proud of our strong record of being responsible to our partners
(employees), the communities, coffee farmers and environment," said Martin
Coles, chief operating officer of Starbucks Coffee Company. "This team will
be focused on ensuring that our customers' values are expressed in every
aspect of our work."
The Global Responsibility team will primarily focus on ethical sourcing,
environmental impact and community investment efforts. In addition to
this team, a network of Global Responsibility partners will be integrated
within each business unit and department to help set strategy and goals
within each area to ensure customers' values are represented in every
aspect of the company’s work. Regional Responsibility partners will also
be located within each market to help regionalize implementation.
Fortuitously, this key leadership move was announced on the heels of the
company being named to Ethisphere's second-annual World's Most Ethical
Companies list revealed at the Ethisphere and Forbes
joint-conference, "Driving Profit through Ethical Leadership," held on
June 3.
Ethisphere is a think-tank dedicated to the research and promotion of
profitable best practices in global governance, business ethics,
compliance and corporate responsibility. The extensive research process
included reviewing over 10,000 of the world's leading companies on six
continents.
About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically
sourcing and roasting the highest quality arabica coffee in the
world. Today, with over 16,000 stores in 45 countries, the company is the
premier roaster and retailer of specialty coffee in the world. Through our
unwavering commitment to excellence and our guiding principles, we bring
the unique Starbucks Experience to life for every customer through every
cup. To share in the experience, please visit us in our stores or online
at www.starbucks.com.
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