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SBC Named as a Top Company by Economic Council
SBC Named as a Top Company by Economic Council
Published 05-01-00
Submitted by SBC Communications Inc.
SBC Communications Inc. has been named a top performing company by the Council on Economic Priorities in its annual survey of socially responsible corporations. SBC ranked seventh overall out of more than 300 corporations surveyed, receiving a grade point average of 3.71 on a 4.0 scale. The company also ranked seventh among companies providing the most opportunities for minority advancement.
Women's Advancement (A): Takes into account representation of women at all levels of the company; programs intended to successfully promote, recruit and retain women at all levels; and a company's efforts at financial reciprocity with the women in the community at large.
Minority Advancement (A): Takes into account representation of minorities at all levels of the company; programs intended to successfully promote, recruit and retain minorities at all levels of the company; and a company's efforts at financial reciprocity with minorities in the community at large.
Workplace Issues (A): Evaluates contributions to worker well-being via skills training and education, various health concerns, financial compensation, preparation for retirement, safety conditions and assistance after layoffs.
Family Benefits (A): Evaluates the efforts on the part of the company to create and aid employees in achieving a successful balance between work and family.
Environment (B): Evaluates the company's performance in four categories-impact to the environment, voluntary reporting to its stakeholders, compliance, and environmental management systems.
Charitable Giving (B): Measures the amount companies give to charitable organizations, in direct corporate gifts, gifts from foundations and in-kind donations.
"We are pleased to be recognized by the CEP for our efforts to maintain a high level of corporate responsibility on many fronts," said Edward E. Whitacre Jr., chairman and chief executive officer for SBC. "Good corporate citizenship is good business strategy and is one of the driving forces behind our company's success."
The CEP evaluates hundreds of corporations each year as part of its publication, Shopping for a Better World: A Quick and Easy Guide to All Socially Responsible Shopping, which was released at the end of April.
SBC's high marks reflect the company's continued growth in promoting diversity and advancement in the workplace, marketplace and community. The evaluation follows several recent honors and recognition SBC has received for its efforts.
In recent months, SBC has been named the nation's most admired telecommunications company by Fortune magazine; one of the nation's Top 25 Corporations for Executive Women by Working Woman magazine; the Sixth-Most Generous Corporation in America by Worth magazine; and the Corporation of the Year by the American Society on Aging.
SBC Communications Inc. (www.sbc.com) is a global communications leader. Through its subsidiaries' trusted brands - Southwestern Bell, Ameritech, Pacific Bell, SBC Telecom, Nevada Bell, SNET and Cellular One - and world-class network, SBC's subsidiaries provide local and long-distance phone service, wireless and data communications, paging, high-speed Internet access and messaging, cable and satellite television, security services and telecommunications equipment, as well as directory advertising and publishing. In the United States, the company currently has 94.1 million voice grade equivalent lines, 11.7 million wireless customers and is undertaking a national expansion program that will bring SBC service to an additional 30 markets. Internationally, SBC has telecommunications investments in 22 countries. With more than 208,000 employees, SBC is the 13th-largest employer in the U.S., with annual revenues that rank it among the largest Fortune 500 companies.
