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Corporate Social Responsibility
News
2.13.2007 - 11:59pm ET
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"100 Best Corporate Citizens" List for 2007 is Published by CRO Magazine
Annual Survey Focuses on Corporate Responsibility Performance of Major U.S. Companies
(CSRwire) NEW YORK, NY - February 14, 2007 - The annual survey of the "100 Best
Corporate Citizens" in the United States was released today by CRO
magazine, which will publish the full list in its January-February 2007
issue. The closely watched survey has gained national recognition as an
indicator of best practices in the area of corporate responsibility.
This year's "100 Best" list is led, for the second year in a row, by
Green Mountain Coffee Roasters (NASDAQ: GMCR) of Waterbury, Vt. It
is the first time in the history of the "100 Best" that a company has
ranked first in two consecutive years. Green Mountain has been among the
top 10 companies on the list for five years running.
Now in its 8th year, the "100 Best Corporate Citizens" list identifies
companies that excel at serving a variety of stakeholders well. The list
is drawn from more than 1,100 of the largest U.S. publicly traded
companies and is largely based on the environmental, social, and
governance research of KLD Research & Analytics.
Rounding out this year's top ten are Advanced Micro Devices (NYSE:
AMD), Nike (NYSE: NKE), Motorola (NYSE: MOT), Intel
(NASDAQ: INTC), International Business Machines (NYSE: IBM),
Agilent Technologies (NYSE: A), The Timberland Company
(NYSE: TBL), Starbucks Coffee Company (NASDAQ: SBUX) and General
Mills (NYSE: GIS).
The 100 Best Corporate Citizens list was developed by Business
Ethics magazine, which was incorporated last year into The CRO (www.thecro.com), a
premier membership organization for Corporate Responsibility Officers. In
addition to its flagship publication, CRO magazine, The CRO offers
members a variety of multimedia content including annual conferences,
webinars, e-newsletters and original online material.
Not surprisingly, the environment was front and center for many of this
year's 100 Best, with an increasing corporate focus on using sustainable
materials and on tackling climate change. Among the top 10 companies,
eight are members of the U.S. EPA's Green Power Partnership. These are
businesses with a commitment to use green power for at least some portion
of their electricity needs. Four of the top 10 are EPA Climate Leaders,
who work with the government devising strategies to address global
warming.
This year's list included 24 newcomers, with the highest-ranked being
office furnishings company Steelcase Inc. (No. 17), of Grand
Rapids, Mich., the creator of the Think chair, an office chair made out of
44 percent recyclable material, and designed to be fully recycled when no
longer needed. Steelcase's leadership in environmental design is one
reason for making the list, but the company also is recognized for
charitable giving and support for education.
Demonstrating a long-term commitment to corporate responsibility practice
are the 11 companies on the list since it was started eight years ago:
Intel, Timberland, Starbucks, Herman Miller (NASDAQ: MLHR),
Cisco (NASDAQ: CSCO), Pitney Bowes (NYSE: PBI), Southwest
Airlines (NYSE: LUV), Cummins (NYSE: CMI), Ecolab (NYSE:
ECL), Brady Corp. (NYSE: BRC) and St. Paul Travelers (NYSE:
STA).
"The 100 Best distinguish themselves from their peers at other large
public companies by embracing higher standards—combining strong
financial performance with responsible practices on environmental and
social issues," said Michael Connor, Publisher and Editor of CRO
magazine. "We salute the 100 Best for their leadership roles in the field
of corporate responsibility."
The 100 Best Corporate Citizens list uses data from SOCRATES(SM), an
online database of environmental, social and governance research created
by KLD Research & Analytics, an independent research firm serving
investment management professionals, to put a numerical rating on
companies' service to various stakeholders.
The companies considered for the list include U.S. firms in the Russell
1000, the S&P 500, and the Domini 400 Social Index. These firms are
ranked on service in eight stakeholder categories: shareholders,
community, governance, diversity, employees, environment, human rights,
and product. The shareholder score is based on three-year average total
return (stock appreciation plus dividends) through year-end 2006. The
environmental, social and governance scores are KLD's assessment of each
company's strengths and concerns demonstrated in each category.
More details regarding the 100 Best Corporate Citizens list are available
on the CRO web site at www.thecro.com.
DS 400 and the KLD BMS are trademarks/service marks of KLD Research &
Analytics, Inc. S&P 500 is a registered trademark/service mark of the
Standard & Poor's Corporation. Russell 1000 and Russell 2000 are
registered trademark/service marks of the Frank Russell Company.
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