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Whole Foods Market Ranked as One of The "100 Best Corporate Citizens," by Business Ethics Magazine

Submitted by: Whole Foods Market, Inc.

Categories: Business Ethics

Posted: Mar 22, 2001 – 11:00 PM EST


Mar. 22 /CSRwire/ - Whole Foods Market® was selected again this year as one of the"100 Best Corporate Citizens," by Business Ethics magazine on its 2001 listing of companies.

This second annual list is comprised of top public companies, based on a quantitative measure of corporate service to various stakeholder groups—groups that have stake in or are impacted by a company's activities—including employees, customers, the community, minorities and woman, stockholders, the environment, and overseas stakeholders. The best among major public companies, as measured by service to the seven stakeholder groups, have made this year's list of the 100 Best Corporate Citizens. Researchers at Boston College Carroll School of Management conducted the statistical analysis.

Whole Foods Market ranked number 46 due to the high marks it received for its stance on environmental issues. The company believes that companies, like individuals, must assume their share of responsibility as tenants of Planet Earth. On a global basis, Whole Foods Market takes pride in actively supporting organic farming—the best method for promoting sustainable agriculture and protecting the environment and the farm workers.

In addition to being number 46 on the list of the Minneapolis-based publication's "100 Best Corporate Citizens," Whole Foods Market was also ranked number 41 on Fortune Magazine's 2001 list of the "Top 100 Companies to Work for in America." This is the fourth year in a row Whole Foods Market has made the Fortune ranking.

Founded in 1980 in Austin, Texas, Whole Foods Market (www.wholefoodsmarket.com) is the world's largest retailer of natural and organic foods. In fiscal year 2000, the company had sales of $1.8 billion and currently has 121 stores in the U.S. The Whole Foods Market® motto, "Whole Foods, Whole People, Whole Planet" captures the company's mission to find success in customer satisfaction and wellness, employee excellence and happiness, enhanced shareholder value, community support, and environmental improvement. Whole Foods Market, Fresh Fields™, Bread & Circus™ and Wellspring Grocery™ are all owned by Whole Foods Market. The company employs more than 18,000 team members and has been ranked for four consecutive years as one of the "Top 100 Companies to Work for in America" by Fortune magazine.

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