Submitted by IBM
ARMONK, NY -- (MARKET WIRE) -- 03/06/09 -- IBM (NYSE: IBM) announced that it has ranked #3 overall on the 100 Best Corporate Citizens List, outranking all other information technology companies on the list. The annual list is published by the Corporate Responsibility Officer (CRO) Magazine.
CRO's 100 Best Corporate Citizens List is the only such list based on 100% publicly-available information and ranks Russell 1000 companies on their performance in seven key areas: Environment, Climate Change, Human Rights, Philanthropy, Employee Relations, Financial and Governance.
"Some believe the current economic climate dictates corporate citizenship efforts be put on hold. At IBM we believe just the opposite. A strong commitment to corporate citizenship strengthens our brand and increases shareholder value," said Stanley S. Litow, vice president of Corporate Citizenship and Corporate Affairs at IBM. "Improved environmental performance, intelligent community partnerships and investments make us competitive. They are not separate; they are an integral part of business strategy."
IBM's 2007-2008 Corporate Responsibility Report was issued in November reflecting how social and business strategies are connected and integrated and includes performance and results in the areas of governance, supply chain, environmental performance, employment policies and practices, client solutions and community engagements.
"The performance of IBM reflects its newly-energized corporate responsibility, transparency and public disclosure efforts that build on consistently high levels of corporate citizenship practice, as it has made the List for nearly all of the past 10 years," said Jay Whitehead, publisher, CRO.
Innovation – joining invention and insight to produce important, new value – is at the heart of what we are as a company. And, today, IBM is leading an evolution in corporate citizenship by contributing innovative solutions and strategies that will help transform and empower our global communities.
Our diverse and sustained programs support education, workforce development, arts and culture, and communities in need through targeted grants of technology and project funds. To learn more about our work in the context of IBM's broader corporate responsibility efforts, please visit Innovations in Corporate Responsibility.
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