NEW YORK, NY - Business Ethics Magazine has released its annual survey of the "100 Best Corporate Citizens" in the Spring 2005 issue published today. The closely-watched survey has gained national recognition as an indicator of best practices in the area of corporate social responsibility. Many of the companies will be recognized at a New York event, the Business Ethics Summit, to be held on April 21, 2005.

This year's "100 Best" list is led by Cummins, Inc. (NYSE: CMI), a Columbus, Indiana-based engine manufacturer cited as a world leader in emissions reductions. Cummins has made the "100 Best" list every year since its inception six years ago. Green Mountain Coffee Roasters (NASDAQ: GMCR) of Waterbury, Vermont was the #2 rated company, hailed as "a pioneer in helping struggling coffee growers by paying them fair trade prices." St. Paul Travelers Companies (NYSE: STA) received the third-best rating, cited for community service.

Five of the top ten companies listed - Cummins, St. Paul Travelers, Intel Corp. (NASDAQ: INTC), Hewlett-Packard (NYSE: HPQ) and Procter & Gamble (NYSE: PG) - have made the "100 Best" list every year since its inception six years ago. Two of those companies, Hewlett-Packard and Procter & Gamble, have made the top ten list six years in a row, while St. Paul Travelers has made it for the last five years. Rounding out the top ten this year are Nuveen Investments (NYSE: JNC), Wells Fargo & Co. (NYSE: WFC), Novell, Inc. (NASDAQ: NOVL) and Xerox Corp. (NYSE: XRX).

More details regarding the 100 Best Corporate Citizens list are available on the Business Ethics web site at www.business-ethics.com.

Changes of note since last year's survey include last year's No. 1 finisher, Fannie Mae (NYSE: FMN), the government-chartered home mortgage lender that was removed from this year's list due to investigations surrounding accounting irregularities. Returning to the "100 Best" list after several years' absence is Xerox, having recovered from accounting scandals that led to a fine and settlement with the Securities and Exchange Commission, to be cited once again for excellence in areas such as community and diversity.

"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 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."

The 100 Best Corporate Citizens survey is based on a database maintained by KLD Research & Analytics, a Boston-based social research firm. All companies listed 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, environment, human rights and product. Each company then receives an overall score based on their scores in the eight different issue areas.

Founded in 1987, Business Ethics magazine is the only US-based business magazine focusing on ethics and corporate social responsibility in a media landscape otherwise dominated by traditional business publications. Published four times a year with a total distribution to approximately 10,000 readers, it has a unique position and a unique readership of thought leaders in business, investing, academia, government and civil society organizations interested in corporate social responsibility issues.

Business Ethics magazine will be hosting its first annual Business Ethics Summit on April 21, 2005 in New York City, entitled "Corporate Scandals, Corporate Responsibility and the Media: Who Should We Believe?," focusing on media coverage of ethics scandals and corporate social responsibility issues. The Business Ethics Summit is made possible in part by support from Xerox Corporation, Cummins Inc., Hewlett-Packard Company, and Dell Inc. Media partners are CSRWire and GreenBiz.com.

Business Ethics, 2845 Harriet Avenue Suite 207, PO Box 8439, Minneapolis MN 55408. Phone 612-879-0695. Fax 612-879-0699. E-Mail 100Best@business-ethics.com Copyright 2005 Business Ethics Magazine

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