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November 21, 2009

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Green Mountain Coffee Roasters Ranked #8 on Business Ethics Magazine's List of 100 Best Corporate Citizens

Submitted by:Green Mountain Coffee Roasters, Inc.

Categories:Business Ethics

Posted: Mar 30, 2003 – 11:00 PM EST

 

GMCR is Highest Ranked Newcomer to List

Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) was notified today that it has been ranked 8th overall on Business Ethics magazine's 2003 list of the "100 Best Corporate Citizens." This marks the first time that Green Mountain Coffee has appeared on this distinguished list that also includes General Mills (#1), Intel (#3), IBM (#5), Starbucks (#21), and Timberland (#60), among others. Green Mountain Coffee was top-ranked in Service to Non-U.S. Stakeholders for its work in coffee growing regions.

Now in its fourth year, the ranking is based on quantitative measures of corporate service to seven stakeholder groups: stockholders, employees, customers, the community, the environment, overseas stakeholders, and women and minorities. Sandra Waddock and Samuel Graves of the Carroll School of Management at Boston College did the statistical analysis for the list. KLD Research & Analytics of Boston, a research firm that serves socially responsible investors, provided the social ratings.

In a press release issued today, Business Ethics magazine noted, "At Green Mountain Coffee, good citizenship includes fair dealing with suppliers. That means paying Fair Trade prices to small farmer cooperatives in Peru, Mexico, and Sumatra - not market price of 24 to 50 cents per pound, but $1.26 per pound for conventional coffee and $1.41 for organic."

Robert Stiller, President and CEO of Green Mountain Coffee Roasters, Inc. said, "This is truly exciting to be recognized so highly and a testament not only to the great work of our employees, suppliers, and community supporters, but also to the support of our customers and consumers who recognize the importance of our efforts to support local and coffee growing communities."

Stiller went on to say, "While we offer consumers a broad selection of coffees, their growing choice of our Fair Trade coffees is making a true difference in the world. I believe that any business that focuses on doing a greater good within the full spectrum of its supply chain will be more successful, with more highly motivated employees and more appreciative customers."

The 100 Best Corporate Citizens story will appear in the spring issue of Business Ethics, which for 16 years has been the premier publication for the movement to bring greater social responsibility into business. For additional information, plus the full list and story, visit www.Business-Ethics.com.

Green Mountain Coffee Roasters, Inc. is a leader in the specialty coffee industry and has been recognized by Forbes Magazine for the past three years as one of the "200 Best Small Companies in America." The Company roasts high-quality arabica coffees and offers over 90 coffee selections including single-origin, estate, certified organic, Fair Trade, signature blends, and flavored coffees that it sells under the Green Mountain Coffee Roasters(R) and Newman's Own(R) Organics brands.

The majority of Green Mountain Coffee's revenue is derived from its wholesale operation that serves supermarkets, convenience stores, offices, and other locations where fine coffees are sold. Green Mountain Coffee also operates a direct mail business and an e-commerce website (http://www.GreenMountainCoffee.com) from its Waterbury, Vermont headquarters. Green Mountain Coffee seeks to make the world a better place for present and future generations by operating in an environmentally and socially conscientious manner. The Company contributes at least five percent of its pre-tax profit annually to support socially responsible initiatives, many of which it has supported for over 10 years.

For more information, please contact:

Rick Peyser Green Mountain Coffee Roasters
Phone: 1-866-881-7475

For more from this organization:

Green Mountain Coffee Roasters, Inc.

 

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