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Polaroid Named One of the "100 Best Corporate Citizens"

Submitted by: Polaroid Corporation

Categories: Business Ethics

Posted: Mar 27, 2001 – 11:00 PM EST


Mar. 27 /CSRwire/ - Polaroid Corporation (NYSE: PRD) ranks among the country's most socially responsible companies, according to a list of the "100 Best Corporate Citizens" published this month by the Minneapolis-based Business Ethics magazine. The company holds the #8 position on this year's list of top corporate citizens, up from #37 last year.

Polaroid supports a variety of community programs primarily through The Polaroid Foundation, which was established in 1972 as a charitable subsidiary. In 2000 Polaroid awarded grants worth $2,836,000 to hundreds of nonprofit organizations, many of them focused on adult basic education and the development of life skills that foster self-sufficiency.

"We are very honored to be named one of the country's best corporate citizens," said Gary T. DiCamillo, chairman and chief executive officer. "Polaroid Corporation has a long tradition of community support. It's part of our corporate culture."

DiCamillo noted that Polaroid encourages employees to get involved in the community and asks for their help in deciding which causes to support. "Our trained employee volunteers meet with local charitable groups to learn about their programs so that we can make smart decisions about our donations. This hands-on approach generates broad visibility for Polaroid, engenders tremendous community goodwill and fosters a spirit of social commitment among our employees," he said.

The 100 Best Corporate Citizens story appears in the March/April issue of Business Ethics, which for 15 years has been the premier publication of the movement to bring greater social responsibility into business. For more information, plus the full list and story, see www.Business-Ethics.com.

Polaroid Corporation, with annual sales of approximately $2 billion, is the worldwide leader in instant imaging. Polaroid supplies instant photographic cameras and films; digital imaging hardware, software and media; secure identification systems; and sunglasses to markets worldwide. Visit the Polaroid web site at www.polaroid.com.

For more information, please contact:

Skip Colcord Polaroid Corporation
Phone: (781) 386-6624
Phil Ruddick Polaroid Corporation
Phone: (781) 386-6638


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