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Business Wire and CSRwire Announce Strategic Alliance

Submitted by: CSRwire

Categories: Human Resources & Diversity1

Posted: Jun 03, 2005 – 12:00 AM EST


SPRINGFIELD, Mass., Jun. 03 /CSRwire/ - SAN FRANCISCO -- Business Wire and CSRwire today announced a strategic alliance enabling Business Wire clients to reach the Corporate Social Responsibility (CSR) community.

CSRWire is the only news wire distributing corporate social responsibility news and reports to interested journalists, analysts, investors and academics.

"There is a heightened awareness of corporate responsibility today among journalists, as well as institutional and individual investors," noted Cathy Baron Tamraz, president of Business Wire. "Our alliance with CSRwire, the premier news service catering to this constituency means that corporate activities promoting social initiatives will reach a far broader audience than ever before."

Business Wire prides itself as a major proponent of corporate social responsibility. The company is a major financial supporter of charitable and educational causes. Business Wire has a strong commitment to management diversity while encouraging employee participation in grass roots community activities. Many of the company's employees work for or are on boards of non-profits and other community-based organizations.

Lorry I. Lokey, Business Wire's founder and chief executive officer, has contributed in excess of $110 million over the past decade to philanthropic organizations and educational institutions worldwide. Stanford University, Mills College, and Santa Clara University - as well as public schools in the San Francisco Bay area - are among the schools that have benefited from Lokey's and Business Wire's strong commitment to education.

"There is a rapidly growing audience interested in corporate social responsibility issues," observed Joe Sibilia, founder of Meadowbrook Lane Capital, CSRwire's parent company. "We strongly believe that our strategic partnership with Business Wire will continue to raise awareness that good corporate citizenship is good for business."

CSRwire distributes news and reports related to a company's activities in community development, ethics, corporate contributions, corporate governance, corporate finance, diversity, environmental, human rights and workplace issues. CSRwire's distribution network reaches more than 400,000 total readers. Network recipients include major media outlets, investment professionals, NGOs, special interest groups, activists, academics and corporate CSR officers.

Business Wire and CSRwire believe that their collaboration will cast a brighter spotlight on corporate social responsibility, and the resulting benefits for the sponsoring company and the community-at-large. The companies plan to jointly sponsor a nationwide series of conferences, in addition to working with industry groups and business schools, to promote the concept of corporate social responsibility to new audiences.

About CSRwire

CSRwire is the leading source of corporate social responsibility and sustainability,
press releases, reports and news. CSRwire members are companies and NGOs, agencies and organizations interested in communicating their corporate citizenship, sustainability, and socially responsible initiatives to a global audience through CSRwire's syndication network and weekly News Alerts.

Meadowbrook Lane Capital, CSRwire's parent company, has been described as a 'socially responsible investment bank' by the Wall Street Journal. The company specializes in turning values into valuation while concentrating on succession issues for mission driven companies.

About Business Wire

Chairman/CEO Lorry I. Lokey, veteran journalist and public relations executive founded Business Wire in 1961. The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services throughout North America, Europe, Asia, Latin America, the Middle East and Africa, provides real-time, simultaneous access to key audiences - the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.

Business Wire electronically disseminates some 1,000 full-text news releases daily to the media, the Internet, online services and databases, and the global investment community in 150 countries in 45 languages. Business Wire has 24 U.S. offices, London, Paris, Frankfurt, Stockholm, Brussels, Sydney and Tokyo offices, and reciprocal offices throughout the world.

For more information, please contact:

Michael Lissauer Business Wire
Phone: 212-752-9600
Joe Sibilia CSRwire
Phone: 413-734-7081 x104

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