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Pitney Bowes Named to ''100 Best Corporate Citizens'' List
Pitney Bowes Named to ''100 Best Corporate Citizens'' List
Published 04-11-05
Submitted by Pitney Bowes Inc.
The closely-watched survey has gained national recognition as an indicator of best practices in the area of corporate social responsibility. "What distinguishes the 100 Best Corporate Citizens from their peers is a commitment to higher standards," said Marjorie Kelly, Editor of Business Ethics magazine. "The list represents the top ten percent of the Russell 1000 firms when it comes to corporate social responsibility - those that perform to a higher standard in serving a variety of stakeholders with excellence and integrity."
Pitney Bowes ranks 33rd on this year's list.
"We are honored once again to be included in the "100 Best Corporate Citizens" list this year," said Michael J. Critelli, the Chairman and CEO of Pitney Bowes. "Throughout the company's history we have made a special commitment to our stakeholders - our shareholders, our customers, our employees and our communities -- to maintain the highest ethical standards and the highest level of performance in everything we do."
The growing interest in Business Ethics' honor roll is driven by several factors, including increased government regulation (e.g., Sarbanes-Oxley Act) in the wake of corporate scandals; a growing sense in the corporate community that ethical behavior has become a prerequisite to effective stakeholder relations; and new evidence that responsible companies often carry lower risk and are better positioned for long-term performance than less-enlightened peers.
The 100 Best Corporate Citizens survey is based on a database maintained by KLD Research & Analytics, a Boston-based social research firm. All companies on the Russell 1000 Index - the 1000 largest-publicly traded companies in the United States - are considered. The KLD data is then statistically analyzed by Sandra Waddock and Samuel Graves of Boston College, and companies receive rankings in eight different categories: total return to stockholders, community, governance, diversity, employees, human rights and product. Each company then receives an overall score based on their scores in the eight different issue areas.
Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $5.0 billion company helps organizations of all sizes efficiently and effectively manage their mission-critical mail and document flow in physical, digital and hybrid formats. Its solutions range from addressing software and metering systems to print stream management, electronic bill presentment and presort mail services. The company's 80-plus years of technological leadership have produced many major innovations in the mailing industry, and it is consistently on the Intellectual Property Owner's list of top U.S. patent holders. With approximately 35,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about the company can be found at www.pb.com.
