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Corporate Social Responsibility
News
4.12.2007 - 01:45pm ET
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Heinz Receives Highest Investment Analyst Score in Ranking of 50 Most Environmentally and Socially Responsible U.S. Companies
(CSRwire) PITTSBURGH--(BUSINESS WIRE)--April 12, 2007--H. J. Heinz Company (NYSE:HNZ)
received the highest score from investment analysts in The LOHAS Index(TM)
ranking of the 50 most environmentally and socially responsible U.S.
companies. The index noted that Heinz performed "especially well in
diversity, community and employee relations."
The LOHAS Index is a sustainability index measuring consumer and
investment analyst perspectives of U.S. companies' sustainability efforts
compiled by the Natural Marketing Institute (NMI), a market research firm.
Using independent investment research firm KLD Research & Analytics'
PASS™ (Portfolio Advisor's Screening Service) database, NMI selected
for analysis the largest and most recognized companies on the Russell
3000® stock index.
While Heinz ranked No. 1 in the investment score, it ranked 19th when the
analyst and consumer scores were combined because of low consumer
awareness of Heinz's CSR initiatives. The researchers interpreted this
score as a reason for Heinz to be more proactive in communicating its CSR
activities. As a result, Heinz is committed to increasing its stakeholder
engagement and is preparing to issue its second CSR report later this
year.
"We are pleased that investment analysts recognize Heinz's genuine
commitment to corporate responsibility, a responsibility shared by all our
employees, management and directors," said Ted Smyth, Chief Administrative
Officer at Heinz. "Heinz is fully committed to the creation of a more
sustainable world by developing nutritious, safe and healthy food products
in a way that safeguards the environment. Heinz also is a leading partner
in a major global initiative to eradicate the scourge of micronutrient
deficiencies suffered by children in developing economies."
For more information on Heinz's commitment to corporate social
responsibility and to download the Heinz 2005 Corporate Social
Responsibility Report, please visit www.heinz.com/community.aspx.
Information about The LOHAS Index is available at www.nmisolutions.com/lohasd_lohasindex.html
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are generally identified by
the words "will," "expects," "anticipates," "believes," "estimates" or
similar expressions and include our expectations as to future revenue
growth, earnings, capital expenditures and other spending, as well as
anticipated reductions in spending. These forward-looking statements
reflect management's view of future events and financial performance.
These statements are subject to risks, uncertainties, assumptions and
other important factors, many of which may be beyond Heinz's control, and
could cause actual results to differ materially from those expressed or
implied in these forward-looking statements. Factors that could cause
actual results to differ from such statements include, but are not limited
to:
- sales, earnings, and volume growth,
- general economic, political, and industry conditions,
- competitive conditions, which affect, among other things,
customer preferences and the pricing of products, production,
energy and raw material costs,
- the ability to identify and anticipate and respond through
innovation to consumer trends,
- the need for product recalls,
- the ability to maintain favorable supplier relationships,
- currency valuations and interest rate fluctuations,
- changes in credit ratings,
- the ability to identify and complete and the timing, pricing
and success of acquisitions, joint ventures, divestitures and
other strategic initiatives,
- approval of acquisitions and divestitures by competition
authorities, and satisfaction of other legal requirements,
- the ability to successfully complete cost reduction programs,
- the voting results on shareholder proposals, including the
proposed amendments to require majority voting,
- the ability to limit disruptions to the business resulting
from the emphasis on three core categories and potential
divestitures,
- the ability to effectively integrate acquired businesses, new
product and packaging innovations,
- product mix,
- the effectiveness of advertising, marketing, and promotional
programs,
- the ability to maintain sales growth while reducing any
spending on advertising, marketing and promotional programs,
- supply chain efficiency,
- cash flow initiatives,
- risks inherent in litigation, including tax litigation, and
international operations, particularly the performance of
business in hyperinflationary environments,
- changes in estimates in critical accounting judgments and
changes in laws and regulations, including tax laws,
- the success of tax planning strategies,
- the possibility of increased pension expense and
contributions
and other people-related costs,
- the possibility of an impairment in Heinz's investments,
- the potential adverse impact of natural disasters, such as
flooding in Indonesia, and
- the ability to implement new information systems; and
- other factors described in "Risk Factors" and "Cautionary
Statement Relevant to Forward-Looking Information" in the
Company's Form 10-K for the fiscal year ended May 3, 2006.
The forward-looking statements are and will be based on management's then
current views and assumptions regarding future events and speak only as of
their dates. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by the
securities laws.
ABOUT HEINZ: H. J. Heinz Company, offering "Good Food Every Day"™ is
one of the world's leading marketers and producers of nutritious foods in
ketchup, condiments, sauces, meals, soups, snacks and infant foods. Heinz
provides superior quality, taste and nutrition to people eating at home,
at restaurants, at the office and "on-the-go." Heinz is a global family of
leading brands, including Heinz® ketchup, sauces, soups, beans, pasta
and infant foods (representing nearly one-third of total sales or close to
$3 billion), Ore-Ida® potato products,
Weight Watchers® Smart Ones® entrees, Boston Market® meals,
T.G.I. Friday's® snacks, and Plasmon infant nutrition. Heinz has
number-one or number-two brands on five continents, showcased by
Heinz® ketchup, The World's Favorite Ketchup®. Information on
Heinz is available at www.heinz.com.
Copyright Business Wire 2007
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